The Tampa Bankruptcy Process
If you are considering filing for bankruptcy in the state of Florida, it is understandable that you might be feeling overwhelmed. The bankruptcy process can be extremely daunting, which is why you should always hire a Tampa bankruptcy lawyer to represent you. At Debt Relief Legal Group, we can guide you through the steps of the Chapter 13 or Chapter 7 bankruptcy process.
Steps of the Bankruptcy Process
The exact steps you will go through depend on the chapter of bankruptcy you are filing for, as well as your individual circumstances. Our Tampa bankruptcy attorney can work directly with you to give you an understanding of the process. The better prepared you are, the smoother the process will be.
The steps typically go as follows:
- Sitting down with a lawyer to evaluate your options. This may involve reviewing your income and debts to determine the best possible plan.
- Putting together documentation of your bills, expenses, debts, assets, and any other relevant information to illustrate your financial situation.
- Filing the paperwork for Chapter 13 or Chapter 7 bankruptcy, including designing a repayment plan for Chapter 13 filings.
- Scheduling a meeting of creditors, also known as 341 hearing. The Trustee has qualifications to review your petition and your financial information.
- Discharging your debts. Around 90 days after your hearing, you will receive documents which discharge your debt and prevent creditors from taking action against you.
Preparing You for the Creditors Meeting
Before going into the meeting of the creditors, it is vital that you are prepared for the questions they will ask you. You will be expected to show up with certain documentation, such as your social security card and identification. They may also ask that you show evidence of your car titles, deeds, bank statements, and income. Our Tampa bankruptcy lawyer can work with you to gather the necessary paperwork and understand the types of questions they will ask.