Bankruptcy Attorney Tampa

Who can file for bankruptcy? Any debtor can file for bankruptcy but the debtor cannot file for bankruptcy if a previous bankruptcy petition was dismissed within the past 180 days. Individuals, partnerships and corporations can file for Chapter 7. The debtor must file for Chapter 13 if the debtor’s income is sufficient, after subtracting what you’ll spend on certain allowed expenses and monthly payments for child support, tax debts, secured debts such as a mortgage or car loan, and a few other types of debts, to fund a Chapter 13 repayment plan. Bankruptcy Attorney Tampa Chapter 13 is restricted to individual debtors with regular income. Chapter 13 eligibility is contingent on the fact that the individual’s unsecured and secured debts are between certain dollar amounts that are adjusted annually by statute. Small businesses should file under Chapter 11. Bankruptcy Attorney Tampa