CALL FOR A FREE
INITIAL CONSULTATION
813.254.5696

BRIDGING YOU TO A BRIGHTER FUTURE

Tampa Bankruptcy Timeline

The prospect of filing for bankruptcy in the Tampa area can be intimidating, but many people feel better when they know what to expect. Having an idea of the order of events and the approximate timeframe in which certain things must occur can put your mind at ease and help you feel more confident about your decision to pursue bankruptcy as a solution to your financial woes.

The exact timing of the events that occur with a bankruptcy varies between Chapter 7 and Chapter 13 cases. The most important thing to know, regardless of which type of bankruptcy you choose, is that there are deadlines associated with filing – and missing those deadlines can result in the denial of your bankruptcy request. This is one of the many reasons it is so important to work with an experienced bankruptcy professional. He or she is familiar with the timing and deadlines in the process, and will ensure you meet all of your obligations throughout the process.

Pre-Requirement for Filing

Prior to officially filing, you will likely be required to attend credit counseling from a certified program. This is a requirement to file and you will be unable to move forward in the process until you have completed the counseling. You are also required to establish you are a legal resident of the state in which you plan to file before you will be permitted to file.

Once your pre-requirements are complete, you are eligible to file a bankruptcy petition with the court. This officially launches the bankruptcy process. Shortly after, usually within just a couple of weeks from your petition date, you are required to provide the court with all information specific to your case. This includes assets, liabilities, income, etc. In most cases, your bankruptcy attorney will be working on organizing this information in the days leading up to filing your petition, so it will be ready to go when the time comes.

Now is when the differences between Chapter 7 and Chapter 13 comes into play. For instance, those filing Chapter 7 are required to file a Statement of Intention identifying any and all debts within 30 days of their petition. During the same time period, Chapter 13 filers must submit a repayment plan and make the first scheduled payment.

Meeting of Creditors

Approximately six weeks after your petition is filed, a Meeting of Creditors will be held. This gives your creditors time to review your case and make any arguments they have against your claims. For more information about the sometimes dreaded Meeting of Creditors.

Once the Meeting of Creditors is complete and your plans are settled, your bankruptcy is essentially considered in progress. There might be a few additional issues that arise, such as a proof of claims from government agencies (this must be done within 180 days of your petition being filed), such as the IRS.

All bankruptcy cases are different, but this standard timeline helps you understand the time sensitive nature of filing for bankruptcy. If you are considering bankruptcy or you have questions about when you need to take action, we can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 to discuss your situation.

The prospect of filing for bankruptcy can be intimidating, but many people feel better when they know what to expect. Having an idea of the order of events and the approximate timeframe in which certain things must occur can put your mind at ease and help you feel more confident about your decision to pursue bankruptcy as a solution to your financial woes.

The exact timing of the events that occur with a bankruptcy varies between Chapter 7 and Chapter 13 cases. The most important thing to know, regardless of which type of bankruptcy you choose, is that there are deadlines associated with filing – and missing those deadlines can result in the denial of your bankruptcy request. This is one of the many reasons it is so important to work with an experienced bankruptcy professional. He or she is familiar with the timing and deadlines in the process, and will ensure you meet all of your obligations throughout the process.

Pre-Requirement for Filing

Prior to officially filing, you will likely be required to attend credit counseling from a certified program. This is a requirement to file and you will be unable to move forward in the process until you have completed the counseling. You are also required to establish you are a legal resident of the state in which you plan to file before you will be permitted to file.

Once your pre-requirements are complete, you are eligible to file a bankruptcy petition with the court. This officially launches the bankruptcy process. Shortly after, usually within just a couple of weeks from your petition date, you are required to provide the court with all information specific to your case. This includes assets, liabilities, income, etc. In most cases, your bankruptcy attorney will be working on organizing this information in the days leading up to filing your petition, so it will be ready to go when the time comes.

Now is when the differences between Chapter 7 and Chapter 13 comes into play. For instance, those filing Chapter 7 are required to file a Statement of Intention identifying any and all debts within 30 days of their petition. During the same time period, Chapter 13 filers must submit a repayment plan and make the first scheduled payment.

Meeting of Creditors

Approximately six weeks after your petition is filed, a Meeting of Creditors will be held. This gives your creditors time to review your case and make any arguments they have against your claims. For more information about the sometimes dreaded Meeting of Creditors, <a href = “http://bankruptcy.about.com/od/Bankruptcy-Basics/a/The-Meeting-Of-Creditors.htm”>check out this description from About.com.</a>

Once the Meeting of Creditors is complete and your plans are settled, your bankruptcy is essentially considered in progress. There might be a few additional issues that arise, such as a proof of claims from government agencies (this must be done within 180 days of your petition being filed), such as the IRS.

All bankruptcy cases are different, but this standard timeline helps you understand the time sensitive nature of filing for bankruptcy. If you are considering bankruptcy or you have questions about when you need to take action, we can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 to discuss your situation.

Tampa Bankruptcy Law Blog

Top Three Bankruptcy Tips

Top Three Bankruptcy Tips

Filing for bankruptcy can be an overwhelming experience. Many people postpone filing to avoid the intimidation and anxiety they assume
Read More
Is there Such a Thing as Bankruptcy School?

Is there Such a Thing as Bankruptcy School?

If you’ve heard anyone talking about bankruptcy and what’s needed to successfully use it to remedy financial problems, you might
Read More
Three Important Things to Know about Bankruptcy and Taxes

Three Important Things to Know about Bankruptcy and Taxes

Bankruptcy offers relief when debts have gotten out of control. Chapter 7 bankruptcy results in a discharge of certain debts, which
Read More
What Happens When You are Sued for a Debt?

What Happens When You are Sued for a Debt?

If you’ve been served with a notice from a creditor that you’re being taken to court over a debt, you
Read More
Why Researching Bankruptcy Online Could Be a Mistake

Why Researching Bankruptcy Online Could Be a Mistake

In this day and age, the first place we turn for information is the internet. It’s convenient, free, and easy,
Read More
Why the Meeting of Creditors is the Scariest Part of Bankruptcy

Why the Meeting of Creditors is the Scariest Part of Bankruptcy

Filing for bankruptcy is a scary experience, but within the entire process from start to finish, the 341 Meeting of
Read More
How Do You Benefit from the Automatic Stay?

How Do You Benefit from the Automatic Stay?

Bankruptcy offers a variety of benefits. One of the most important is the automatic stay. Bankruptcy’s automatic stay stops bill collectors
Read More

The Secret Trick for Making the Most of Bankruptcy Exemptions

When you file for bankruptcy you take a risk. You’re risking that the choice you’re making now will improve your
Read More

Leftover Debt: What You Can Expect to Pay after Bankruptcy

Bankruptcy can free you from financial burdens that have plagued you for years. It can make your life easier and
Read More

Is Chapter 13 Bankruptcy the Best Option for You?

Deciding that bankruptcy is the right solution to help you with your financial struggles is a big commitment. Many people
Read More

Contact Us

Archive

Request a FREE Consultation

For The Next 5 Days Get A Free Book About Bankruptcy


 
comodo 10.0Robert Marc Geller
Robert Marc GellerClients’ ChoiceAward 2017 Robert Marc GellerReviewsout of 32 reviews LEA

We are A Debt Relief Agency.
We help people file for
bankruptcy under the Bankruptcy Code

Pay Online    

Office Locations

$Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405
Maps & Directions


Tampa Law Office Map

Satellite Office

$Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G

St. Petersburg, FL 33701
T: 727-532-3939
Maps & Directions


Map and Directions

At the Tampa Bay law firm, the Law Offices of Robert M. Geller, P.A., we help people with consumer bankruptcy matters in the Tampa Bay-St. Petersburg,  Florida communities such as Clearwater,     St. Petersburg, Tampa, Thonotosassa, Riverview, Lutz, Plant City, Brandon, Carrollwood, Wesley Chapel, St. Petersburg Beach, Lakeland, Mulberry, Dade City, Pinellas Park, Largo, Seminole, Odessa, Oldsmar and Lithia, and counties such as Hillsborough County, Pinellas County, Pasco County, Polk County and Manatee County.