Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment plan.

If you are considering filing for bankruptcy, the Tampa bankruptcy lawyers at the Law Offices of Ivan T. Lenoir II, PA can help. Please contact us to discuss how you can save your reputation, property, and assets.

The most common reasons for consumer bankruptcy include:

• Unemployment
• Large medical or other unexpected expenses
• Seriously over extended credit
• Marital problems/divorce

Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.

If debt collectors and creditors are constantly harassing you and you are considering filing for bankruptcy, our Tampa bankruptcy lawyers can help streamline the process. We evaluate your financial situation, explain the specifics of bankruptcy law, and help you understand how to rebuild your credit. Our lawyers will appear at your scheduled confirmation hearing on your behalf. They have experience in providing a wide array of bankruptcy services for clients, including but not limited to filing for Chapter 7 (liquidation), Chapter 13 (wage earner), personal bankruptcy, or Chapter 11 reorganization bankruptcy for your business. Filing for bankruptcy typically prevents some foreclosures, and can help provide debt relief in terms of credit card debt or outstanding Internal Revenue Service (IRS) issues.

When bankruptcy proceedings are initiated and a case is filed with the bankruptcy court, all creditors are notified and are legally prohibited from taking any action to enforce payment of a debt. This is called a discharge and it permanently forgives you from all debts provided for in your case with limited exceptions (criminal restitution, some taxes, most student loans, alimony, child support, ongoing mortgage debt). As a result, creditors are not allowed verbal or written contact with the debtor. In addition, they are not allowed to initiate a lawsuit, or continue with lawsuits or other collection activity against you to collect on the discharged obligation.

Call the law offices of Ivan T Lenoir II PA today - we can help.