Best Bankruptcy Attorneys in Largo

Frequently Asked Questions

• Where do I file for bankruptcy in Largo, Florida?

  To file for bankruptcy in Largo, you must submit the necessary bankruptcy paperwork and documents to the Tampa Division of the United States Bankruptcy Court for the Middle District of Florida, which is located at 801 N. Florida Avenue, Suite 555, Tampa.

• Where can I get bankruptcy forms in Largo, Florida?

  To obtain bankruptcy forms in Largo, you can visit the website of the United States Courts at uscourts.gov or the website of the United States Bankruptcy Court for the Middle District of Florida at http://www.flmb.uscourts.gov/forms/december-form-changes/. There, you can download and print the forms that you need.

• Can you keep your home and personal property if you file for bankruptcy in Largo?

  If you meet the necessary criteria, you can keep your home and personal property if you file for bankruptcy in Largo. The homestead exemption allows an unlimited value for your property, with size restrictions based on the municipality. Also, ownership of the property for at least 1,215 days is required. Personal property exemptions of up to $1,000 cover items like electronics and furniture while additional exemptions apply to specific accounts and savings. For motor vehicles, the exemption protects $1,000 in car equity.

• What is the role of a bankruptcy trustee in Largo?

  In Largo, the bankruptcy trustee has distinct responsibilities based on whether it is a Chapter 7 or Chapter 13 bankruptcy. In Chapter 7, the trustee ensures eligibility, reviews documents, and investigates finances to locate funds for repaying creditors. Nonexempt assets are supervised by the trustee and sold to generate funds for debt settlement. In Chapter 13, the trustee supervises the creation of a reasonable repayment plan and manages the documentation and coordination of payments to creditors.

• Do you need to notify your employer if you filed for bankruptcy in Largo?

  Although filing for bankruptcy in Largo is a matter of public record, you are not obligated to inform your employer about it. Do note that it is possible for employers to find out about bankruptcies by searching public records or through wage garnishments, but these scenarios are uncommon. Employers might also learn about bankruptcies through payroll deduction orders or if they are one of the creditors. However, it is illegal for employers to retaliate against employees for filing bankruptcy.

• Can you include medical bills and credit card debts in a bankruptcy filing in Largo?

  In Largo, filing for Chapter 7 bankruptcy provides the opportunity to eliminate various types of unsecured debts, including credit card debt and medical bills. Once you file for Chapter 7 bankruptcy, all collection efforts by creditors are halted. This type of bankruptcy allows individuals and families facing financial difficulties to discharge their debts.

• Can you exclude credit cards in a bankruptcy filing in Largo?

  When initiating bankruptcy proceedings in Largo, you are required to provide information about all your credit cards. It is crucial to note that you cannot omit any debts when filing for Chapter 7 bankruptcy. According to bankruptcy laws, you must include all debts on the bankruptcy petition, whether you have any outstanding balance on a credit card or not.