Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

What Are The Exemptions For Bankruptcy In Florida?

In a Chapter 7 case, in order to obtain the benefit of the discharge, meaning the wiping out of the debt, the tradeoff that the federal government has set is that a consumer is limited on the amount of assets they can keep. The exemptions are the list of property that comes from state and federal law, which says which things you are allowed to keep. In Florida, the abbreviated list includes your homestead or primary residence, a certain allowance of personal property, which includes basic household goods, a limited allowance of vehicle equity, retirement funds, and some other assets. In cases outside of Chapter 7, such as Chapter 13, you are allowed to keep all of your assets, but the exemptions may affect your monthly repayment plan.

Debt Protection Law Firm Tampa, FL

When you find yourself in debt and are unsure of how to get out of it or how to deal with debt collectors, you need the help of a debt protection law firm Tampa, FL trusts like Ziegler Diamond Law: Debt Fighters Getting out of debt is not easy and to add more stress to the situation, debt collectors may be calling you and harassing you asking when you are going to pay your debt off. While a collection agency does have the right to call you to remind you of a missed payment, if they begin harassing you that is something else entirely. It is important that debt collectors, agencies, and banks do not cross the line when it comes to speaking with you.

What can you do for me?

If you are considering bankruptcy because you are in a serious amount of debt and are unsure of how to proceed or if you are concerned that debt collectors are acting unlawfully, you may need the help of a bankruptcy lawyer Tampa, FL relies on. One of the first steps to eliminating your debt is remembering that you still have rights.

When you begin trying to fight your debt, you should know that many debt collectors will not worry about picking a battle with you. In fact, if you do not have legal representation, they probably believe that they can not only bully you but threaten you to the point where you think you have no other options. However, when you work with an attorney familiar with debt and bankruptcy, they can help protect you in a few ways.

They can request documents detailing the debt and the agency’s calculations.
They can demand the agency stop reaching out and harassing you through a letter
They may determine that the debt in question is not accurate and contest the debt with the agency.
They can legally protect you if the agency that has been harassing you is acting unlawfully by filing a lawsuit.

Who can I call to help me when I am facing debt?

We understand that when you are facing debt, you may think you have few options and nowhere to turn to. That is not the case. Our firm can help protect you and your rights when it comes to debt. For more information on debt protection, reach out to our Tampa, Florida debt protection law firm, Ziegler Diamond Law: Debt Fighters, now.

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Clearwater: (727) 538-4188 | Tampa: (813) 225-3111

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Clearwater: (727) 538-4188 Tampa: (813) 225-3111

Mt. Dora: (352) 600-1326

Debt Protection Law Firm Tampa, FL

Debt Protection Law Firm Tampa, FL

CLEARWATER LOCATION

(727) 538-4188

TAMPA LOCATION

(813) 225-3111

ALTAMONTE SPRINGS LOCATION

(352) 600-1326