Knowledgeable Clearwater Debt Repayment Attorneys
If you are experiencing financial difficulties due to the current market condition, you should know that you are not alone. Many individuals find themselves struggling to make minimum payments on credit cards, missing mortgage payments, and avoiding continuous calls from creditors. If you feel trapped and need to know your legal options for debt relief, the attorneys at Howard H. Ellzey, P.L., Attorneys at Law are here to help.
Our law firm serves St. Petersburg, Florida, and the surrounding communities in consumer bankruptcy matters, including Chapter 7 and Chapter 13 bankruptcy. Our lawyers are committed to helping clients find solutions that best fit their particular financial situations. When you come to our firm, we will evaluate your situation and inform you of your legal options. We make certain you have all the information necessary to make a smart decision.
Chapter 13 and Debt Management
Bankruptcy has many different benefits. You have the ability to get a fresh financial start and can break free from the stresses associated with financial hardships. Nobody asks to be put in a difficult financial situation, and sometimes there are unavoidable circumstances. At Howard H. Ellzey, P.L., Attorneys at Law we are here to assist you in getting the debt relief you deserve.
Chapter 13 is a repayment plan, where you pay a portion of your debts back over a three- to five-year period. This bankruptcy allows you to catch up on arrearages over the course of the plan, and you are able to keep personal property, such as your home and your car. If you have significant assets or want to save your home from foreclosure, Chapter 13 may be the best option for you.
What Happens at the End of the Bankruptcy?
At the end of your plan, your remaining unsecured debts will be discharged. Unsecured debts include credit card debt, medical debts, and some other personal debts. Like a Chapter 7, a Chapter 13 stays on your credit report for about 10 years. However, if you are able to build up your credit in the first few years after the bankruptcy, you may be able to get a house loan, car loan, and other personal loans.
Contact St. Petersburg Chapter 13 Bankruptcy Attorneys
At Howard H. Ellzey, P.L., Attorneys at Law we offer free 30-minute consultations for new clients. Please contact our firm online or by calling 727-498-4397 to schedule a meeting.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
