Bankruptcy is an important process that can help Miami residents get out from under their debts. There are different types of bankruptcy that debtors can pursue, and one of them is Chapter 13 bankruptcy. Unlike Chapter 7 bankruptcy, which involves the liquidation of...
There are some signs that may indicate a person’s debt level is more than he or she can currently manage. These may include the borrower spending more than his or her monthly income, using savings to cover expenses or receiving calls from collection agencies about...
These days, many people in Miami may be struggling financially but they may feel too afraid to file for bankruptcy. After all, for some filing for bankruptcy has a negative stigma and they may fear they will never recover financially from a bankruptcy filing. However,...
Many people think of bankruptcy as the end of a long, painful experience, but bankruptcy can also be the beginning of a new, much happier period in a person's life. When filing for personal bankruptcy, whether through Chapter 7 or Chapter 13, many people find it...
Individuals and businesses in Florida and across the United States have experienced a dramatic downturn in their financial fortunes due to the ongoing pandemic. The overall impact of medical expenses, business closures, job loss, financial challenges and personal...
The current state of the country has taken a toll on working families in the Miami metropolitan area. In fact, just recently first-time unemployment claims in Florida more than tripled, making it the highest number of weekly claims filed in nearly six months. The...
Florida has a very generous homestead exemption for people who live in this state and need financial relief. To review, an exemption gives a debtor a legal right to protect his property from creditors. A valid exemption can apply both during a bankruptcy proceeding...
Millions of Americans have had a pretty rough time over the last several months. Miami area residents weren’t exempt from the challenges our country has faced. For some people, financial problems that might have been bad to begin with only got worse. In some...
With people struggling to get through each day in this economy, many Floridians are facing some hard choices. Between paying the mortgage or car payments and putting food on the table each month, they can begin to feel buried under an impossible debt with no way out....
This year has taken a financial toll on a lot of families. The men and women of the Miami metropolitan area who are facing money woes have worked hard to try to stay afloat during these difficult times, but for many there is no end in sight. Bankruptcy is a very real...
