The Biden Administration has made student loan debt a central policy concern. On one front, the government is proposing to forgive all or part of the balance of federal student loans for eligible borrowers. Eligible borrowers could see up to $20,000 of their student...
If you have had a financially comfortable life up to now, you may not be at all familiar with bankruptcy. However, if things have gone downhill lately, you may need to consider some new options. Bankruptcy is a legal process that lets a person who owes more money than...
Bankruptcy is not the only option for those dealing with staggering debt. Another popular option is to negotiate with your creditors to settle your debts. While debt settlement and consumer bankruptcy have the same goal -- eliminating or at least greatly reducing your...
When debt becomes unmanageable, bankruptcy offers a financial lifeline. Upon filing for bankruptcy, a person is ordinarily able to discharge — or eliminate — debts from credit cards, medical bills and other sources. One significant source of debt for some people is...
When people purchase homes in the Miami area, many will have mortgage payments that fit within their budgets. Mortgages are spread out over decades and during that time, unexpected situations may cause people to fall behind on their payments. If this happens, the...
Managing finances in today’s economy is no easy task. One financial emergency or unexpected repair bill can quickly lead to unmanageable debt. Unfortunately, there are unscrupulous organizations taking advantage of people seeking help after falling behind on their...
Borrowing money to purchase a car requires a signed contract that essentially provides the bank a security interest in the vehicle, which also serves as collateral that secures the loan. Not making payments over a certain amount of time can result in that collateral...
When you are overwhelmed with debt, a Chapter 7 bankruptcy can give you the relief you are looking for and allow you to start over financially. There are many requirements you must meet to qualify for a Chapter 7 bankruptcy in Florida. If you are unemployed with no...
If you have recently filed for bankruptcy, you may be concerned about what your life will look like afterward. While you may have to make some adjustments, you can move forward from your bankruptcy and go on to live a normal life. What to expect after bankruptcy If...
Bankruptcy is not an attractive option, but there are times when it is the best available choice. There were 383,810 annual bankruptcy filings in this country in Sept. 2022 which is a drop from the 434,540 filings in 2021. When to file Filing for Chapter 13 bankruptcy...
