When a sudden tragedy, unanticipated layoff or unexpected injury results in overwhelming debts, bankruptcy may provide a viable option for you and your family. The skilled bankruptcy attorneys at David H. Walkowiak, P.A. have more than 25 years of experience strategizing debt relief plans that help debtors gain control over devastating financial troubles.
Bankruptcy may not be your only option. If filing for bankruptcy is not in your best interest, we may negotiate with your creditors to attempt to lower your debt balances and make more reasonable monthly payments.
The aggressive collection methods used by creditors increase the stress of escalating debt. Once you file for bankruptcy, your creditors must immediately stop all collection efforts. The court issues an automatic stay that halts distressing letters and annoying phone calls meant to intimidate you into paying bills you cannot afford. Our lawyers relieve you of the anxiety of dealing with demanding creditors.
Also called liquidation bankruptcy, Chapter 7 bankruptcy grants you relief from debts through the sale of your assets. Eligibility for Chapter 7 is determined by the means test – a complicated mathematical formula that deducts specific expenses from your income. Many household and personal items are exempt, so you can make a fresh start with limited disruption to your life. Our lawyers calculate the means test to determine whether you qualify and evaluate whether Chapter 7 is your best option.
If your income is too high to meet the means test requirement of Chapter 7 or you have assets that you want to keep, you may benefit from Chapter 13 bankruptcy, or reorganization bankruptcy. Chapter 13 is a powerful tool to save your home from foreclosure and can sometimes eliminate Internal Revenue Service (IRS) debt. We assist you in developing an effective Chapter 13 repayment plan that allows you to pay debts over three to five years in regular, manageable amounts.
Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan. We help you escape debt and keep the business you struggled so hard to build.
David H. Walkowiak, P.A. has its main location in Tampa, Florida to serve you:
Call us toll free at 877 DHWPA Law (877.349.7252) or contact us online to schedule an appointment.