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Florida Bankruptcy Questions
As a dedicated Florida Bankruptcy Attorney, Thomas Pye has helped hundreds of Florida residents rebuild and recover and find personal solutions to the financial problems in their lives and get back on track with living. Working personally with each client is only one trait that sets the Pye Law Firm apart from other Florida Bankruptcy Attorneys, but it is a key factor in the relationship you form with our firm. Each client will meet with Mr. Pye, personally and with no exceptions. That's dedication.
"I personally assist all of my clients. I take on no case or client unless I personally meet with them and assist them from start to finish. It is this personal professional service that has kept me interested in all aspects of all clients' cases. I know them all by name, and all telephone calls are personally answered or returned."
How do I know if I qualify to file Bankruptcy?
Contacting an experienced Florida Bankruptcy Lawyer should be your first step. They will be able to tell you if you can file bankruptcy, whether you need to file Chapter 7 or Chapter 13 and provide you with all the necessary information you need to make an informed decision.
Does Bankruptcy get rid of all of my debt?
No. In the vast majority of cases a bankruptcy cannot wipe away all types of debt. Bankruptcy is most concerned with consumer debt.
If I file, will my credit be damaged forever.
This is a common misconception. A Florida Bankruptcy Lawyer can assess your individual situation but as far as reporting goes, the bankruptcy will cease being recorded on your credit report in the same amount of time as any debt.
What is a chapter 7 bankruptcy?.
Chapter 7 bankruptcy is a legal process with a main purpose of quickly relieving someone who i
s hopelessly overwhelmed by debt. Chapter 7, sometimes referred to as "straight bankruptcy," is
a liquidation proceeding. The debtor is allowed to keep "exempt" property, what constitutes exempt property can vary from state to state. The debtor turns over specific property, called "non-exempt" property to the bankruptcy trustee who then converts it to cash used to pay off debts. This process generally takes about four months to complete. In the majority of cases the debtor has no assets that he would lose, so Chapter 7 will give that person a relatively quick "fresh start." The most common reasons for filing Chapter 7 bankruptcy are unemployment, large medical expenses, seriously overextended credit, marital problems, and other large unexpected expenses.