Pasco County Bankruptcy Attorneys | Lawyers

bankruptPasco County Bankruptcy. Filing for personal bankruptcy relief under the Bankruptcy Code results in an immediate stop of all collection activity, such as foreclosure, wage garnishment, repossession and lawsuits.  Additionally, it will put a stop to harassing creditor phone calls and letters. We have the bankruptcy information you need to make an informed financial decision. We can also help individualize your case to meet your particular needs. If you are struggling to pay bills, facing foreclosure or worried about wage garnishment – then filing bankruptcy may provide the relief you need.

Chapter 7 Bankruptcy: If you’re seeking to eliminate unsecured debt (like credit card and medical bills), filing Chapter 7 Bankruptcy may be a good debt-relief option for you.

Come in and sit down with us and we can show you the best option for your specific and particular needs. If you have questions about filing for bankruptcy, avoiding foreclosure, stopping creditor harassment or eliminating debt – we can help! Give us a call today and we can get you on the road to financial recovery and freedom. And, the best thing is that we’re not on a one-way street in downtown Tampa on the 44th floor of an overpriced skyscraper office. We’re right here in or near your neighborhood. With offices in both Wesley Chapel and Dade City, we can also easily service clients in New Tampa, Hillsborough County, Land O’ Lakes, Zephyrhills and Pasco County. We can also service clients anywhere in the Great State of Florida.

NACBA-Logo_digital_largeGlossary of Common Bankruptcy Terms

341 Meeting
The first meeting between the debtor and the creditors where the debtor is questioned about financial matters.

Adversary Proceeding
Where other issues or claims are litigated within the bankruptcy proceedings.


Automatic Stay
An automatic shield or type of injunction freezing the actions of creditors.

A case filed pursuant to the Bankruptcy Code seeking statutorily authorized discharging or restructuring of debt.

Bankruptcy Code
Title 11 of the United States Code.

Bankruptcy Court
The federal court where all bankruptcy petitions must be filed.

Bankruptcy Estate
The debtor’s interests in property subject to bankruptcy administration.

Bankruptcy Judge
The federal court judge who presides over bankruptcy cases.

Bankruptcy Petition
The initial paper or pleading that begins a bankruptcy case.

Chapter 7
Liquidation of all assets to pay debts.

Chapter 11
Reorganization of an insolvent business.

Chapter 13
Where earnings of the debtor are collected by the bankruptcy trustee and paid to creditors pursuant to a court approved repayment plan.

The order entered by the bankruptcy court formally approving the bankruptcy plan.

Credit Counseling
Financial counseling to a debtor by a court approved credit counseling agency.

One to whom the debtor has a financial obligation.

Creditors’ Meeting
The first meeting between the debtor and the creditors where the debtor is questioned about financial matters.

The person or entity that owes money to creditors.

The relief of debt for the debtor as to the debtor’s creditors.

Dischargeable Debt
The debt that is permitted to be discharged in a bankruptcy proceeding.

Exempt Property
The property that may be kept by the debtor and is not subject to distribution to creditors.

A person or entity in a position of influence on the debtor’s actions. For example, if a debtor attempted to transfer assets to his or her daughter, the daughter would be an “insider.”

Joint Petition
A bankruptcy petition filed by both husband and wife.

Liquidated Claim
A claim that can be precisely determined by a prior agreement or judicial determination.

Sale of the debtor’s property to raise money in order to pay creditors.

Means Test
A financial accounting and test for Chapter 7 filings to determine if the debtor qualifies for Chapter 7 protection. If the means test determines that the debtor is not eligible for Chapter 7, then Chapter 13 may be the only bankruptcy alternative.

No Asset Case
Where no assets are left to sell in order to pay creditors.

Non-Dischargeable Debt
That debt which may not be discharged in bankruptcy.

Objection to Claim
An objection by an interested party as to a claim asserted against the bankruptcy estate.

Objection to Exemptions
An objection by an interested party as to the property kept by the debtor that is not subject to sale in order to pay creditors.

Proof of Claim
A claim form filed by a creditor asserting the creditor’s claim of an owed debt or obligation.

Reaffirmation Agreement
Where the debtor agrees to keep a debt so that the debtor may keep the property associated with the debt.

A form that sets forth the debtor’s assets and liabilities.

Secured Creditor
A creditor where the debt is secured by an interest in property.

Secured Debt
A debt that is secured by property used as collateral.

Statement of Financial Affairs
A form that sets forth the debtor’s assets and liabilities.

The person with the obligation to oversee and act in the best interest of the bankruptcy estate.

Unsecured Creditor
A creditor where the debt is not secured by an interest in property.

Unsecured Debt
A debt that is not secured by property used as collateral.