Many divorcees in Miami cite financial struggles as a contributing factor to their divorce. If you are struggling financially before your divorce, it is likely your situation can be compounded by the community debt you are responsible for after your divorce. Marital...
In today’s economy, many hardworking Floridians find themselves struggling with debt. After all, life is expensive and unexpected costs happen. When debt becomes unmanageable, bankruptcy can offer a critical lifeline to financial stability. An individual may consider...
Record inflation and economic uncertainty is placing financial pressure on families across Florida. Unfortunately, the increasing cost of groceries and other expenses can lead to unavoidable debts that quickly become overwhelming. When debt becomes unmanageable,...
When a Florida resident considers filing a petition for discharge of debts in U.S. Bankruptcy Court, one of their first questions is whether doing so will mean they will lose their home. A related question is whether a bankruptcy filing will mean losing the family...
People who file for bankruptcy often remain fearful that their credit score has been ruined forever. Actually, it is not. Your credit score will no doubt take a significant hit once you file for bankruptcy. However, it will go back up with some time, dedication and...
Recently, President Biden announced that the federal government would forgive up to $20,000 in student loans for some borrowers. Many people who have struggled to pay their student loan debt celebrated the news. Unfortunately for those borrowers, their financial fate...
Bankruptcy represents the opportunity for a fresh start for those who cannot get out from under crushing, out-of-control debts. Countless phone calls from debtors fill voicemail boxes can end the moment a consumer files for Chapter 7 or Chapter 13. The student loan...
Filing for bankruptcy under Chapter 7 prevents debt collectors from contacting debtors and garnishing their wages. After the case is resolved, a court order may clear medical debt, personal loans, credit cards and other unsecured debts. Spending money, in some...
For most residents of southeastern Florida, the decision to file a petition for relief under Chapter 7 of the United States Bankruptcy Code is an attempt to cancel as much of their financial obligations as possible. Still, a valuable section of the code is the...
During these trying times, for many in our state, debts are piling up. These include medical debt, student loan debt, credit card debt, etc. Times are tough, and when times are tough, our financial lives usually suffer. This is when bankruptcy may become a viable...
