Tampa Bankruptcy Lawyer
Whether you are a creditor or debtor, bankruptcy must be handled by an experienced attorney that understands the process and will do everything in their power to help you reach a desired outcome. For debtors, bankruptcy can provide a fresh start by helping them get out from crippling debt. For certain creditors, on the other hand, bankruptcy provides rights to collect the money that is owed. The Tampa bankruptcy lawyers here at DSK Law assist clients on both sides of the coin, and we provide reorganization plans for orderly payments as well as liquidation services.
Bankruptcy is Handled in Federal Court Only
Bankruptcies overall have been on a decline in recent years as the economy has improved following the collapse of housing market crash. However, there are well over one million bankruptcies filed each year. The following lists the number of each type of bankruptcy for 2017, as reported by the U.S. Courts:
- Chapter 7: 489,011
- Chapter 11: 76,999
- Chapter 12: 482
- Chapter 13: 299,398
As such, Chapter 7, 11, and 13 bankruptcies are the most common. Because bankruptcy can only be filed in federal court, your attorney must be licensed to practice in federal district court. Our attorneys are licensed to practice in all three federal district courts in Florida (Northern, Middle and Southern Districts), in addition to the 11th Circuit Court of Appeals and the United States Supreme Court. We have e-filing privileges in all of these courts, making the process easier and faster for our clients.
Three Most Common Types of Bankruptcy
- Chapter 7 Bankruptcy: If the debtor qualifies for Chapter 7 Bankruptcy, they may have their debts discharged by having their unexempted assets sold off to pay debtors;
- Chapter 11 Bankruptcy: Under Chapter 11 Bankruptcy, which is most commonly used to reorganize a business or corporation, a debtor may keep their business afloat by agreeing to a reorganization of their affairs, debts, and assets.
- Chapter 13 Bankruptcy: Chapter 13 Bankruptcy is for individuals with a steady income that are capable of adhering to an extended payment plan that increases the number of years for a mortgage, for example, but decreases the monthly payments.
Services for Debtors
Our attorneys provide counseling and other vital services to debtors struggling with medical bills, credit card debt, and foreclosure. We can help get you pointed in the right direction, ensure that you are making a decision in your best interests, and answer your questions throughout every part of this process. Bankruptcy does not have to be a stressful process so long as you have the proper guidance of an attorney.
Services for Creditors
The Tampa bankruptcy lawyers here at de Beaubien, Simmons, Knight, Mantzaris & Neal are here to assist creditors in a wide variety of ways. Our law firm has successfully handled complicated claims for insurance companies, lenders, businesses, loan services, judgement creditors and local governments involving leases, priority claims, mortgage foreclosure, lien stripping attempts, secured claims, and non-dischargeability challenges. Additionally, we defend creditors in stay violation cases, Fair Debt Collection Practices Act cases, Florida Consumer Collection Practices Act cases, and Telephone Consumer Practices Act cases.