/VargasLawFirmPA

(813) 508-7932

FAMILY LAW
AUTO ACCIDENTS
ESTATE PLANNING
BANKRUPTCY

Areas Of Practice

 

Family law

When you’re facing family-related legal matters, be sure that you have an attorney who is on your side. From immigration to estate planning and probate law, Vargas Law Firm, P.A. is here to help. We have extensive hands-on experience dealing with cases of this sensitive nature, and you can expect personalized, one-on-one attention from an actual attorney.

 

Auto Accidents

If you or someone you know has recently been in a car accident—whether it's their own fault or someone else's—Vargas Law Firm, P.A. is here to assist you. We offer expert representation so you will have one less thing to focus on.

 

Estate Planning/Probate Law

If you’re facing legal issues of the following nature in Tampa, FL, you should turn to an attorney you can trust. With years of experience practicing law in the State of Florida, rest assured that we have the knowledge and expertise required to handle your case, whether small or large.

 

Bankruptcy

Bankruptcy is a process under federal law whereby debtors and consumers who owe more money than they can afford, seek relief or be excused from paying some or all of their debts and get a fresh start. The right to file for bankruptcy comes from a federal law known as the Bankruptcy Abuse Prevention and Consumer Protection Act.

 

The filing of a bankruptcy case immediately activates what is known as an "automatic stay", which as a general rule immediately stops all collection activities (including phone calls and letters), lawsuits and Execution procedures that its creditors have initiated or are considering initiating.

 

Description of Bankruptcy?

 

• Chapter 7

is known as bankruptcy "liquidation", this in spite of the fact that in the vast majority of cases there is nothing to liquidate due to the effect of the exemptions (protection of certain amount of the value of some assets). This means that in most cases what is settled are debts, not their property or consumer properties. The fundamental purpose of Chapter 7 is to clear the debtor's "non-exempt" property and pay debts as far as it goes. It can be used not only by individuals, but also by corporations and societies.

 

• Chapter 13

It is known as the "payment plan" or "debt settlement". Under this bankruptcy you will pay a payment plan for a period of 3 to 5 years based on several factors, including but not limited to your household income and family expenses. Through this plan you can pay arrears of your mortgage and auto loans and debts that can not be forgiven or forgiven through bankruptcy. The most important part of this chapter is that it allows you to retain your most valuable property, whether your car or home or any other, as long as your income allows you to pay the non-exempt value of the good within the plan (the non-exempt value is That amount of the value of the good that exceeds the limits of the protection provided by the corresponding exemption).

 

In a Chapter 13 you have to have sufficient income to cover your ordinary living expenses and pay the required payments under the bankruptcy plan. If you have a mortgage and / or auto loan, you must continue with the prospective payments. In these cases the mortgage bank and / or financial institution of the car is obliged to accept the prospective payments and collect the accumulated arrears through the plan of payment of the bankruptcy.

 

• Chapter 11

It is known as the bankruptcy of business reorganization or individuals with a high volume of debts.

 

• Chapter 12

This is the bankruptcy reserved for farmers and fishermen.

 

If you’re facing legal issues in one of the above areas, give Vargas Law Firm, P.A. in Tampa, FL a call today.