4910 14th Street
West Suite 206
Bradenton, FL 34207
Phone: 941-744-5450
Fax: 941-803-8138

Welcome To Mooney & Stewart, P.A.

Experienced Bankruptcy Attorney
Serving Bradenton, Sarasota, Tampa, St. Petersburg

At the Law Offices of Mooney & Stewart, P.A. we believe that it is our responsibility to provide our clients with honest, straightforward legal advice that can offer them practical solutions to their financial difficulties, and to take great care of them in financial matters. With our experience in the field of Chapter 7 and Chapter 13 bankruptcy in Florida, we are confident that we can provide you with the legal representation you need in order to file your petition for bankruptcy and successfully discharge your debts. Of course, each case is different and may affect a debtor in a different way, but we can discuss your specific financial situation with you and determine how to best assist you.

Contact a Tampa bankruptcy lawyer at the Law Offices of Mooney & Stewart, P.A. Today!

Chapter 7 Bankruptcy

The basic purpose of chapter 7 is to terminate, end, or take out your legal obligation on such debts which are not secured and dischargeable. Chapter 7 assures that after the accomplishment of this chapter of bankruptcy, the debtor will have no liability for discharged debts.

Law of Bankruptcy will also finish your legal obligation on secured debts like the debtor’s personal residence or its motor vehicle. In some cases debtors affirm once again on such debts which are secured in order to restore to the previous state of anterior legal duties and continue to make regular payments as they enjoy the use of their property. However there are some types of debts cannot be dispatch. Example of this is child support, student loans, and some specific taxes.

Chapter 13 Bankruptcy

A federal Ch.13 Bankruptcy can cease a collateral foreclosure (the legal proceedings initiated by a creditor to repossess) and the action of regaining possession of car. . In the cases where a persons has lost their driver’s license it may be possible to restore it to the previous state, this applies to cases where license has been suspended because of unpaid parking tickets. This filling is beneficial in most cases even when significant equity is involved (that is the difference between the market value of a property and the claims held against it).

Proceeding a equity driven bankruptcy all unpaid debt will be paid through sale of equity that is not protected from their home. The beauty of this chapter of bankruptcy is that in Chapter 13 bankruptcy it does not weight over you the fact of your current income.

The time frames of Chapter 13 Bankruptcy are normally between 3 and 5 years, these time tables are based on the debtor making timely payments to the court in order to eliminate or catch up with there debt. The main benefit you must understand with Chapter 13 you are protected from your property being sold off in auction and repossessed. This makes it easy for you to maintain your property and adjust payment schedules to suit your current financial condition.