3 Questions to Ask a Chapter 13 Bankruptcy Attorney Tampa

One of the things that surprises people the most when they begin to explore the possibility of bankruptcy is that there are different chapters. Not all bankruptcy cases are the same and the different chapters provide different types of relief.

If you’ve decided chapter 13 bankruptcy is for you and you want to take the next step, here are three questions you should ask a chapter 13 bankruptcy attorney in Tampa.

1. Do I qualify for Chapter 13?

Chapter 13 bankruptcy isn’t right for everyone. In order to file, you need an income to make your payments for three to five years. This is a significant commitment that not everyone is willing to make. Additionally, most people who file for chapter 13 have assets to protect.

2. Can I afford Chapter 13?

As mentioned in number one, Chapter 13 bankruptcy requires you to make payments. You need to be able to afford these payments if you are going to choose this option.

Additionally, you need to be able to pay for the initial filing process, as well as attorney’s fees. Many people make the mistake of thinking bankruptcy is free to file, but this isn’t the case at all.

3. What do you need from me if I decide to file?

If you’ve assessed your financial situation and evaluated your bankruptcy options and decided you’d like to move forward, ask your attorney what you need to bring to your next meeting. Bankruptcy is a process and that process begins with you and your attorney reviewing your financial situation and submitting your bankruptcy application to the court. You’ll need to reveal all of your financial information to the court, as well. If it’s time to take the next step, find out what you need to do to get things moving forward.

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