Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
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September 2013 Archives

Private Student Loans and Bankruptcy

Most student loans are not dischargeable, whether they are federal student loans, which are those backed back the Department of Education and those private loans, which are not guaranteed by the Department of Education. Private loans can held found dischargeable under certain circumstances.

Banks using questionable ways to preserve foreclosed properties

The ongoing economy troubles in the U.S. have had many negative effects on people everywhere, including those in the Tampa area. From mounting debt to home foreclosures, the effects can be felt everywhere you turn. As foreclosures continue to mount banks have begun turning to questionable methods in order to deal with the growing problem.

Student loan borrowers to be notified of repayment options

Starting in October, the Department of Education will contact student loan borrowers who are struggling to repay their federal student loans to make sure they know all the options available to them. The department will start sending out emails to those who seem most likely to benefit from the programs. There are income based repayment programs that would benefit a lot of people but many are not aware of the programs. The department wants students to know of these programs before they end up defaulting on their student loans. 


Beware, now is the time that chapter 7 trustees will inquire about tax refunds for 2013. If you file a bankruptcy petition in the fourth quarter of any given year, most trustees will keep your case open to recover a tax refund. Most debtors are not aware that they are in jeopardy of losing a tax refund because they mistakenly believe that if they do not have it, the trustee cannot take it. Tax refunds are an asset of a bankruptcy case even though a debtor may receive it in the future. The amount of a tax refund that belongs to a bankruptcy estate depends upon when a petition is filed. For instance, if a debtor files a case on the 182 day of the year, the bankruptcy estate has a 50% interest in a tax refund. If the debtor receives a tax refund of $5,000.00, $2,500.00 would belong to the bankruptcy estate.

Are college students missing the grade on credit car debt?

Thousands of people live with credit card debt. It has become commonplace for people everywhere, including in the Tampa area to make credit card purchases again and again without ever considering the mounting debt and the interest they must pay to get out of that debt.

With mounting debt Florida marketing company files for Chapter 7

Most people never plan on filing for bankruptcy. However, sometimes people in the Tampa area wind up in an unfortunate set of circumstances that leave them no other choice. Although bankruptcy carries a negative connotation, it’s not always a bad thing, as it can actually help a person or company get out of debt and start over new.

  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
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Brandon, FL 33510

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Fax: 813-258-4746
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