For those seeking a Bankruptcy Attorney in Seminole Heights in Tampa, our Tampa office is conveniently located. Since 1993, Jay Weller and Weller Legal Group PA, have been serving and representing many of the members of the Seminole Heights community in Bankruptcy matters, including Chapter 7 and Chapter 13 Bankruptcy.
Our Tampa office is located at 4100 W Kennedy Boulevard. We are located on W Kennedy between the intersections of Dale Mabry and Lois Avenue, across from Jimbo’s BBQ.
Chapter 7 Bankruptcy will generally stop Lawsuits and Garnishments, and permit the Debtor to eliminate or Discharge, most or all, of his or her Unsecured Debts. Unsecured Debts include Credit Cards, Medical Bills, Signature Loans, Pay Day Loans, and other Debt that is not secured by a form of Collateral.
A Secured Debt will typically be described as an Automobile Loan, or a Mortgage on a Home. In such arrangement, the Bank or Finance Company alleges a Lien on the Property or Collateral, such as an Automobile or Homestead, or other Real Estate.
Many Debtors in Chapter 7 Bankruptcy successfully Discharge Unsecured Debt, and retain their Property or Assets, including their Automobiles, Personal Property, and their Home or Homestead. Mr. Weller or one of the Bankruptcy Attorney will happily explain how Chapter 7 Bankruptcy will apply to your situation.
Chapter 13 Bankruptcy is often employed by persons seeking to stop Foreclosures on their Real Property, namely, their Homestead, or Home. In a Chapter 13 Bankruptcy, the Homeowner may stop the Foreclosure by the Bank or Finance Company, and pay the arrearages or missed payments, over a sixty (60) month period.
In a Chapter 13 Bankruptcy, the Debtor may also seek benefit from the Bankruptcy Court offered Program, called the Mortgage Mediation Program. In this Program, the Bank or Finance Company may concede to certain terms, such as reduced Interest Rates, Monthly Payments, and even a Principal Reduction, on a Mortgage. The Bank may also agree to permit the waiver of arrearages, or the placement of any arrearages, on the end of the Mortgage. The Debtor receives a permanent Loan Modification through this Program.
Any permanent Loan Modification through this Program can only be achieved through the Consent of the Bank. The Bankruptcy Laws contain no known provision that allows our Bankruptcy Attorneys to force the Bank to agree to better terms through a Loan Modification, other than the general requirement that the Bank operate in Good Faith.
In a Chapter 13 Bankruptcy, the Debtor may also stop the Repossession of an Automobile and other Personal Property, or Assets, and sometimes pay the Automobile Loan under the Chapter 13 Plan, with reduced monthly payments and principal.
For the astute Debtor, Bankruptcy may have numerous benefits. The best plan for you is based upon your particular situation.
If you are interested in Bankruptcy, or any of our other Programs relating to helping alleviate the issue of Debt, please Contact us Today. Our direct number in Tampa is 813-229-3328 (DEBT). You may also Contact us Toll Free at 1-800-407-3328 (DEBT).
You may also contact us through our website.
When you call or contact us, you will speak with an actual Bankruptcy Attorney. Mr. Weller will generally speak with you personally.
Picture Credit: 123rf.com
