Chapter 7 or Chapter 13 Bankruptcy Can Be A Fresh Start

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Chapter 7 and Chapter 13 Bankruptcy

For individuals, there are two types of bankruptcy: Chapter 7 and Chapter 13.  Chapter 7 is when a person erases the entirety of his dischargeable debt and he starts over.  Some debts such as student loans or debt procured by fraud are not dischargeable.  Chapter 13 is where a person’s debt is restructured so that he can make affordable payments.  Often, the overall amount of the debt is lessened.  Chapter 11 is for restructuring a business’s debt.  There is even a chapter specifically for farm owners, Chapter 12.

There can be negative consequences resulting from bankruptcy that are best discussed with a lawyer.

If you’re in a position where your bills are going unpaid, creditors keep calling you for money, and you’re about to lose important assets, you should schedule a free consultation to discuss your legal options.

Contact the Coleman Law Group for a free consultation at 727-214-0400.

Click here to learn more about bankruptcy.

If you would like an appointment with one of our experienced professionals, please call one of our Florida offices.

In St. Petersburg: 727-214-0400

In Tampa: 813-749-9981

In Land O’ Lakes: 863-877-0007

You also can visit our website at colemanlawgroup.com/

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