Bankruptcy is the legal procedure for dealing with individual or business debt problems in which financial obligations become discharged or restructured. This procedure is covered under Title 11 of the United States Code (the Bankruptcy Code). Bankruptcy can protect you from creditors and debt collectors, and can stop paycheck garnishment and mortgage foreclosure as well. Bankruptcy may be a valid strategy to achieving debt relief, after considering all options. When Bankruptcy is the best solution, Attorney Mark Schleben is very well equipped to help you achieve your goals.
Chapter 7 Bankruptcy, also called “straight bankruptcy”, is when the debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 will give that person a relatively quick “fresh start” without paying back the debt.
Chapter 13 Bankruptcy, also called “reorganization”, is filed by individuals who have the ability to pay some or all debts. Generally, a significantly reduced amount of the debt must be paid over time. This type of bankruptcy appeals to individuals who have non-exempt property they want to keep. It’s also an option for individuals who have sufficient income to pay living expenses with some amount left over to pay a portion of their debt
If you’re agonizing over debt and financial commitments, The Law Office of Mark Schleben provides bankruptcy debt relief for clients in the west-central Florida counties of Pinellas, Hillsborough, Pasco, Hernando, Citrus, and Marion counties. Handling both Chapter 7 and Chapter 13 bankruptcy cases, our law office will help you develop a bankruptcy plan that is best for your individual situation. Attorney Mark Schleben is experienced in every aspect of the bankruptcy process. Our law office can put you back in the driver’s seat and give you more control of your own financial future. We provide our clients with legal support throughout the entire bankruptcy process.