Chapter 7 or Chapter 13 Bankruptcy Can Be A Fresh Start

Bankruptcy lawyer chapter 7 unemployed

Is chapter 7 or chapter 13 bankruptcy right for me?  

I read an article that said 78 percent of NFL players are broke within two years of retirement.  That’s staggering.  Unfortunately, being broke is a common occurrence in today’s economy.  Many in Tampa Bay are struggling.

Unemployed

Sometimes people just can’t make it work anymore.  That’s why our laws allow for bankruptcy.  Whether you’re a former NFL player or a small mom-and-pop shop, bankruptcy is a process for either erasing or restructuring your debt.  Bankruptcy can give you a fresh start. Continue reading

Bankruptcy And Your Utility Bills: Keep your utilities on!

Bankruptcy utility payment

Utility companies are different–they must continue to provide service even after bankruptcy is filed. However, under the law, companies have the right to demand “adequate protection” within 20 days of the date of filing to continue service on an ongoing basis.

What is Bankruptcy?

Bankruptcy (http://en.wikipedia.org/wiki/Bankruptcy) is a legal process whereby individual consumers and businesses can eliminate or repay some or all of their debts. If creditors are hounding you or you face repossession or foreclosure, filing for debt relief may be the right path to take. It is a complex process, however, and there are many issues to consider. Here, we will look at one of the most common areas people have questions about: how utilities and utility bills are affected by bankruptcy.

Anyone who is considering filing for debt relief should consult with an experienced attorney who can guide you through the process and answer all your questions. The Coleman Law Group, with offices (http://colemanlawgroup.com/) in Tampa, St. Petersburg and Land O’ Lakes, has experienced professionals who are dedicated to providing you with sympathetic, effective, affordable representation throughout the bankruptcy process.

Chapter 7 bankruptcy

In a Chapter 7 bankruptcy (http://en.wikipedia.org/wiki/Chapter_7_bankruptcy), a court-appointed trustee (http://en.wikipedia.org/wiki/Bankruptcy_trustee) cancels most or all of your debts. However, the trustee may take over and liquidate some of your property to pay back your creditors. Nevertheless, under Florida law, you may be permitted to keep certain “exempt” property, such as your car and home.

Utility bills after filing bankruptcy

Two questions many people who face bankruptcy have are: (1) whether utility companies are allowed to shut off their utilities after they file and (2) if bankruptcy protects them from having to pay ongoing utility bills.

Like it or not, utility bills are a fact of modern life. Whether you live in Clearwater, Tampa, St. Petersburg or Land O’Lakes, everyone needs water to drink and for washing every single day. And we all use energy to some degree throughout the year, to turn on the lights or keep us warm.

Discrimination Prohibited

Federal law prohibits utility companies from discriminating against people based solely on a bankruptcy filing. If you are current with your bills, utilities generally will not become an issue. However, very often this is not the case.

Usually, a creditor (http://en.wikipedia.org/wiki/Creditor) has the right to stop giving credit to someone who has filed bankruptcy. Utility companies are different–they must continue to provide service even after bankruptcy is filed. However, under the law, companies have the right to demand “adequate protection” within 20 days of the date of filing to continue service on an ongoing basis. While the statute does not precisely define “adequate protection,” in practice it means that the company can require a deposit equivalent to or based upon the amount that is overdue at the time bankruptcy is filed. Then the debtor must keep current with ongoing monthly utility bills.

List all utilities bill amounts

When filing bankruptcy, you are required to list all money then owed for utility bills. Bills that can be included in a filing include electricity, water, gas, sewage, and trash. Even less essential services such as telephone, television and internet can be included.

Consult an experienced bankruptcy attorney

More than one million people in the U.S. file for debt relief each year. Almost anyone can find themselves in the position of seeking bankruptcy protection, whether because of a failed business venture, a mortgage foreclosure, or medical bills. But the bankruptcy process is complicated, so it is important to seek out qualified professionals who have the expertise to help you navigate the legal maze.

The attorneys at the Coleman Law Group are not only dedicated to helping clients resolve their financial difficulties and obtain debt relief, they are committed to providing all their clients with the personal attention and compassionate representation they deserve.

Whether you live in Clearwater, Land O’ Lakes, St. Petersburg, Tampa, or anywhere in Pinellas County or along the Gulf Coast, please call one of the Coleman Law Group’s Florida offices to make an appointment.

St. Petersburg and Tampa: 727-214-0400

For more information about bankruptcy, click below:

Chapter 7 or Chapter 13 Bankruptcy Can Be A Fresh Start(Opens in a new browser tab)

You also can visit our website at colemanlawgroup.com/