Difference Between Chapter 7 and Chapter 13 Bankruptcy in Tampa
If you think that filing for bankruptcy means that there is absolutely nothing left for you to do, think again. The truth is that you still have some options available to you even after you have filed for chapter 7 or chapter 13. The truth is that you can keep your home and pay off some debts. A reliable Galewski Law Group, P.A bankruptcy lawyer can help you determine whether this is indeed the best option for you. Among the most important advantages of filing for chapter 13 is the temporary restraining order. Read More: Chapter 13 Bankruptcy Lawyer Tampa, FL This comes into effect once you file for chapter seven and lasts as long as the bankruptcy stays to carry out. This ensures that creditors cannot contact you and draw up any contact with your assets. However, this can easily be lifted if you prove that you cannot afford to pay off debts in full. A chapter seven plan allows you to list all your assets and liabilities and work out a distribution of funds. Once this is done creditors...