Galewski Law Group,P.A.

If you are facing bankruptcy , you may be wondering what to do with nonexempt property. There are a few options available to you. You can either keep your non-exempt property, or you can use it to purchase another exempt asset. Non-Exempt Property When you file for bankruptcy, it's important to consider what types of property are considered non-exempt. The value of your non-exempt property will be determined by the bankruptcy trustee and they will decide whether they'll sell the property for enough to cover your debts. This means that your non-exempt property may be worth less than its market value. If this happens, your monthly payments will increase significantly. When you file for bankruptcy, you should consult with a Bankruptcy Attorney Tampa who is familiar with the laws in your jurisdiction regarding the definition of non-exempt property. This attorney will be able to discuss your options and explain the importance of exemption planning. Non-Exempt Equity Before you file...

Bankruptcy Lawyer Tampa FL : Need to file for bankruptcy but not sure where to begin? The  Galewski  Law Group  will help you understand bankruptcy and be at your side during the filing process. At the Bankruptcy law firm of Galewski Law Group our goal is to simplify the bankruptcy filing process as much as possible. We realize that you are seeking our support at a very stressful time in your life and we’ll be at your side from beginning to end. For more information or to get started with the bankruptcy filing process, contact the Law Offices of Stanley J. Galewski at (813)222-8210 or schedule a bankruptcy consultation. VISIT AT:  https://galewski.com

It is probably the most common type of bankruptcy filed in the United States to save one from piling up debt. A Tampa bankruptcy attorney explains that the idea is pretty simple; if one has a lot of payments pending to be paid to the creditors and the person remains in a terrible situation of not being able to pay then the only way out is to file for the chapter 7 bankruptcies and give oneself a new and fresh start in the financial aspect. Also read about, 5 Things You Should Know before Filing Divorce in Tampa What Are Bankruptcy Exemptions? Some debts are not secured due to the absence of collateral on such debts.  All the debts that are discharged while filing the chapter 7 bankruptcy will be the unsecured debt. Unsecured debts could comprise a person's medical bills or credit card debt. People are often scared of losing out their assets while filing for bankruptcy. But it's not the case with chapter 7 bankruptcy most of the time. Some specific exemptions will secure your a...

Facing bankruptcy is often a hard time for any individual. It’s a tough time financially as well as emotionally and the person often seeks to find the best alternates to change the situation. This is exactly when the best  bankruptcy lawyers in Tampa  are all set to find the best solution for you. It is pretty genuine that someone facing bankruptcy look for the most qualified professional who could show the right way toward the process of financial rehabilitation. A skilled lawyer in such a case would understand you closely before proceeding so mutual respect and belief are pretty important. We at  Galewski law group  have a team of one of  bankruptcy attorneys in Tampa  and we are always ready to help people with any similar situation. Also read about,   Is Your Divorce Case a Candidate for Permanent Alimony? Let us further understand what all things a person should look for in a bankruptcy lawyer to ensure that he does the right job for you: 1) ...

Bankruptcy is a legal proceeding made to assist people and businesses eliminate their debts to restructure and repay them under the protection of the Bankruptcy Court . Generally, the two main types of bankruptcy liquidation and reorganization . The two kinds of bankruptcy, liquidation and reorganization , have numerous exceptions and rules. Which Chapter is ideal for you is dependent upon your specific conditions and goals. Included in the solutions we provide the attorneys of our company listen carefully to our customers and are very sensitive to our customers’ needs and goals while giving realistic advice regarding the available choices. Types of Bankruptcy - In a Seven liquidation proceeding, nearly all of your debts are discharged. During the time of your first consultation, the attorneys of the company will discuss the consequences of pertinent exemption laws. Certain debts aren't dischargeable in a Chapter Seven bankruptcy . Additionally, please note that only custo...