Bankruptcy FAQs


This Bankruptcy FAQ will provide you the information you need to make an educated decision.

Q: What does a bankruptcy lawyer do?
A: Bankruptcy lawyers provide guidance to those who seek federal bankruptcy protection. Bankruptcy is a process through which individuals and businesses can repay or eliminate some or all of their debts. Due to its complexity, filing for bankruptcy generally shouldn’t be attempted without the help of an experienced bankruptcy lawyer – one who, like Mike Ziegler in Clearwater, has extensive bankruptcy knowledge and a background in consumer rights litigation.
Q: Is filing for bankruptcy in Florida the right solution to my debt problems?
A: Well, it depends. Though bankruptcy is a powerful tool, it isn’t always the best course of action for people with serious debt-related issues. Clearwater bankruptcy lawyer Mike Ziegler can tell you whether bankruptcy or some other strategy is warranted based on your personal goals and financial circumstances.
Q: If I file for bankruptcy, what can I expect?
A: The answer to this question largely depends on the bankruptcy “chapter” that you file under. If you file under Chapter 7, much (and possibly all) of your debt liability will be eliminated and you will obtain a fresh financial start in a matter of just a few months. If you file under Chapter 13, your debts will be reorganized and a portion of the debt will be repaid over a three-to-five year period. Chapter 13 bankruptcy is geared toward those who have regular sources of income and want to keep their homes, while Chapter 7 eligibility is limited to individuals with limited disposable income.

I hope our Bankruptcy FAQ was helpful! For more information about the bankruptcy process and about whether filing for bankruptcy is the most suitable answer to your financial problems, contact bankruptcy lawyer Mike Ziegler today. The Law Office of Michael A. Ziegler, P.L. is a consumer defense firm located in Clearwater, FL.

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