Things to Know Before Filing For Bankruptcy In Tampa
If you
are wondering what chapter 13 means, then you need to know that chapter 13 bankruptcy works like this. It is not actually a
chapter in and of itself, but it is filed under another section of the
bankruptcy code. It is filed under either the name of the individual filing the
suit or the company filing with the federal government. In order to file for
chapter 13 bankruptcy, you will need to meet the following criteria. First, you
must be at least 18 years of age.
Next,
you will need to have been continuously employed throughout most of the year.
This makes a big difference because it shortens the time that chapter 13 has to
go through before it can go forward. This is important because with the shorter
period of time, it could end up taking more than a year to finalize things,
whereas if you are filing under a different part of the code it could finish
much quicker.
Finally,
you need to have filed at least two chapter 13 bankruptcies in the past. These
are the only cases that can file under this part of the code. Two bankruptcies
mean that you have two separate papers going into the bankruptcy court.
One of
the papers will be for your discharge. This states that you have officially
discharged your debts. This does not have to be a discharge in full. It just
has to be a complete conclusion of your debts. Once the discharge is approved,
your chapter 13 is officially complete.
Knowing
how old do you need to be to file for bankruptcy is important because it makes
it so that you do not have to wait too long in order to get the help you need
from a good bankruptcy attorney. This is especially critical if you have many
debts. If you cannot file by yourself, then you should definitely hire a
bankruptcy lawyer who can do the paperwork for you. He or she will be able to
tell you when you do need to file and why. The sooner you get started, the
better off you are going to be!
If you
have any query related to filing for bankruptcy, you can get a free
consultation from the experienced lawyers at Galewski
Law Group. Call us at (813)
222-8210.
Source File: https://galewskisite.wordpress.com/2021/05/18/things-to-know-before-filing-for-bankruptcy-in-tampa/
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