You might feel a sense of security after you pay your monthly mortgage bill, but learning that a homeowners association can still take your property creates significant stress for you and your family in Florida. State law provides these associations with tools to...
An unexpected health emergency can result in overwhelming hospital balances. Federal bankruptcy law classifies medical bills as general unsecured debt. This legal status allows individuals to eliminate medical balances entirely or reduce total payments while keeping...
Anyone who is considering Chapter 7 bankruptcy in Florida can benefit from a basic understanding of the means test and how it determines eligibility. This financial screening tool acts as a gatekeeper, separating those who qualify for Chapter 7 debt relief from those...
When financial hardship becomes overwhelming, bankruptcy can offer a fresh start. However, it is important to select the right chapter for your financial recovery. Understanding when to file Chapter 13 versus Chapter 7 bankruptcy in Florida can make a significant...
Filing for bankruptcy in Florida can leave a mark on your credit history. However, it doesn’t stay there forever. Depending on the kind of bankruptcy you file, it may disappear from your credit report in seven or 10 years. Which kind of bankruptcy are you filing? If...
For many Florida families, one of the greatest concerns when considering bankruptcy is protecting the residence. Fortunately, filing Chapter 13 does not automatically put your home at risk. Whether you can keep it depends on several factors, including your mortgage...
Job loss often comes with immediate financial concerns. Bills continue arriving even when paychecks stop. Fortunately, lack of employment does not prevent access to Chapter 7 bankruptcy. This form of debt relief remains an option for those facing financial hardship...
No, filing for bankruptcy does not mean that you will lose everything. This is a common misconception, though, and it makes some people wary of filing. They believe that they are going to have to sell all of their assets, and so, even though they may be out of debt,...
Marriages suffer and break down for many reasons, but one reason is debt. In one survey, 54% of respondents said that a partner’s debt was a reason to consider divorce. Bankruptcy can help you get rid of debt, so it is unsurprising that it may help the marriage if it...
People are often nervous to file for bankruptcy because of what it means for the future. They worry that they will never be able to get a loan. They may be concerned about how this will affect their ability to purchase a home, for example, or a vehicle. The good news...
