From Your Tampa Bankruptcy Attorney: Different Chapters of Bankruptcy- The Bankruptcy Code offers four basic types of bankruptcy relief: Chapter 7, Chapter 11, Chapter 12, and Chapter 13. Each chapter handles a different financial situation. If you are the average person filing for bankruptcy, it's likely you will want to file under Chapter 7 or Chapter 13. Either Chapter 7 or Chapter 13 may be filed by an individual or jointly by a married couple. No matter which chapter of bankruptcy in Florida you choose, a Tampa bankruptcy attorney is highly recommended to protect you, your rights, and your property. Here is a brief review of the different chapters of bankruptcy:

• Chapter 7: a liquidation bankruptcy which may require you to give up certain assets in exchange for discharging your debts.

• Chapter 11: a reorganization bankruptcy for businesses and sometimes very high-debt individuals.

• Chapter 12: designed for family farmers and family fishermen.

• Chapter 13: a repayment bankruptcy that requires you to file a plan showing how you propose to pay some of your debts over three or five years.

By hiring an experienced Tampa bankruptcy lawyer to assist you in filing the most appropriate chapter of bankruptcy in Florida, you may be able to keep valuable property (such as your home and your car) that may have been otherwise lost. For a free initial consultation with a Tampa bankruptcy attorney, please call B&B Law Group at (813) 949-6008. We'll be glad to meet with you in our convenient Tampa, Florida office, review your financial situation, and help you determine your best course of action.

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We help people file for bankruptcy relief under the Bankruptcy Code.

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The hiring of a Tampa bankruptcy lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask the bankruptcy attorney to send you free written information about his or her qualifications and experience. This website is designed for general information only. The information presented on this site should not be construed to be formal legal advice, nor the formation of a lawyer/client relationship. Persons accessing this website are encouraged to seek independent legal counsel for advice regarding their individual legal issues.