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should not be based solely on advertisements. Before you decide, ask us to send you free written information about our qualifications.
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Attorneys and Debt Counselors
3019 West Azeele St. Tampa, FL 33609
Tel. (813) 876-3328
Fax (813) 876-3306
3019 West Azeele St. Tampa, FL 33609
Tel. (813) 876-3328
Fax (813) 876-3306
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CHAPTER 7 BANKRUPTCY
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BANKRUPTCY ATTORNEY
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CREDIT AFTER BANKRUPTCY
BANKRUPTCY FAQ
NEW BANKRUPTCY LAWS
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CHAPTER 11 BANKRUPTCY
CHAPTER 13 BANKRUPTCY
BANKRUPTCY ATTORNEY
CLEARWATER BANKRUPTCY
ST. PETE BANKRUPTCY
CREDIT AFTER BANKRUPTCY
BANKRUPTCY FAQ
NEW BANKRUPTCY LAWS
CAN I FILE FOR BANKRUPTCY
BANKRUPTCY DEBT RELIEF
BANKRUPTCY EXEMPTIONS
BANKRUPTCY FILING FEE
TOPICS IN THIS SECTION
New Bankruptcy Laws explained by our Tampa, St. Pete and Clearwater Bankruptcy Lawyers.
On October 17, 2005, new bankruptcy laws went into effect in the United States. These new bankruptcy laws
were enacted on a federal level, which means they apply to all states, including Florida.
Contrary to popular belief, most people are not adversely affected by new bankruptcy laws. The most noticeable
change in new bankruptcy laws is that filers with higher incomes are not allowed to use Chapter 7 bankruptcy,
but
instead will be required to repay at least part of their debt under Chapter 13 bankruptcy.
To learn how new bankruptcy laws relate to your situation, please contact us for a free initial consultation with a
Tampa bankruptcy lawyer. In the meantime, here are some key points for new laws on Florida bankruptcy:
were enacted on a federal level, which means they apply to all states, including Florida.
Contrary to popular belief, most people are not adversely affected by new bankruptcy laws. The most noticeable
change in new bankruptcy laws is that filers with higher incomes are not allowed to use Chapter 7 bankruptcy,
but
instead will be required to repay at least part of their debt under Chapter 13 bankruptcy.
To learn how new bankruptcy laws relate to your situation, please contact us for a free initial consultation with a
Tampa bankruptcy lawyer. In the meantime, here are some key points for new laws on Florida bankruptcy:
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The Truth about the New Bankruptcy Law
The truth about the "new bankruptcy law" is that bankruptcy still helps millions of Americans clear their debt, get a fresh start, and stop
foreclosure and repossession. Most people who want to file bankruptcy still can. Filing for Chapter 7 Bankruptcy works pretty much
just like it always did, except that there are a few extra steps involved.
Even those people who might be disqualified by the Chapter 7 means test may still be able to file Chapter 13 bankruptcy.
The truth about the "new bankruptcy law" is that bankruptcy still helps millions of Americans clear their debt, get a fresh start, and stop
foreclosure and repossession. Most people who want to file bankruptcy still can. Filing for Chapter 7 Bankruptcy works pretty much
just like it always did, except that there are a few extra steps involved.
Even those people who might be disqualified by the Chapter 7 means test may still be able to file Chapter 13 bankruptcy.
To file a Chapter 7 or “clean start bankruptcy” under new laws,
you must pass the “means test.” The means test measures
your income against your state’s median income. For
example, if your income as a Floridian falls below the median
income for Florida, you would be eligible for a Chapter 7
bankruptcy.
If you earn more than your state’s median income, and the
means test concludes that you can afford to pay at least $100
per month toward your debt, you would have to repay a certain
amount of your debt through a Chapter 13 bankruptcy.
Under the new law, most bankruptcy filers have to pay for, and
receive, government-approved financial management
education before they are allowed to file bankruptcy, and also
before their debts are erased.
you must pass the “means test.” The means test measures
your income against your state’s median income. For
example, if your income as a Floridian falls below the median
income for Florida, you would be eligible for a Chapter 7
bankruptcy.
If you earn more than your state’s median income, and the
means test concludes that you can afford to pay at least $100
per month toward your debt, you would have to repay a certain
amount of your debt through a Chapter 13 bankruptcy.
Under the new law, most bankruptcy filers have to pay for, and
receive, government-approved financial management
education before they are allowed to file bankruptcy, and also
before their debts are erased.
There are several other changes enacted by new bankruptcy laws such as fewer “automatic stay” protections. In
addition, new bankruptcy laws are considerably more complicated than previous laws, making a bankruptcy attorney
even more crucial to a favorable outcome in your case.
For more information about new laws on Florida bankruptcy and to receive a free consultation with a Tampa
bankruptcy attorney, please contact us at (813) 876-3328 or via email.
addition, new bankruptcy laws are considerably more complicated than previous laws, making a bankruptcy attorney
even more crucial to a favorable outcome in your case.
For more information about new laws on Florida bankruptcy and to receive a free consultation with a Tampa
bankruptcy attorney, please contact us at (813) 876-3328 or via email.
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