FAQs

Frequently Asked Questions

At Debt Relief Legal Group, we have 35 years of combined experience focusing on bankruptcy law. We work hard to help our clients every step of the way throughout the bankruptcy process. You can rely on our Tampa bankruptcy lawyers to guide you to make the best choices, answer all of your questions, and address any concerns you have.

How Do I Qualify for Chapter 7?

In order to qualify for Chapter 7 bankruptcy, you will need to go through a qualification process. The two main elements of Chapter 7 are your assets and income. You will need to take a means test to analyze your expenses and income.

What Can I Keep in Chapter 7?

If you file for Chapter 7, there are certain exempt assets which you can keep. This usually includes your home, your main vehicle, your insurance policies and pension, and some personal items in your home, such as furniture.

Do I Qualify for Chapter 13?

If you have found out you don’t qualify for Chapter 7, Chapter 13 may be the answer. In order to qualify for Chapter 13, you will be expected to prove that you have sufficient income to afford a monthly payment.

What if I am Facing Foreclosure?

When you have gotten behind on your mortgage payments, you may face foreclosure actions. When you file for bankruptcy, you stop all collection actions, including foreclosure. We can work with you to protect your home.

What Is the Difference Between Chapter 7 & 13?

There are several main differences between Chapter 7 and Chapter 13 bankruptcy. In Chapter 7, you are essentially liquidating assets to relieve your debt. With Chapter 13, you are reducing your debt down to an affordable payment plan.