Chapter 13 bankruptcy can be a good option for Florida residents who know it is time to file for bankruptcy but want to keep certain assets, such as a home. In a Chapter 13 bankruptcy, your debt is consolidated and you pay it off through a three-to-five-year repayment...
It doesn’t take long for debt to become overwhelming. And when it does, you might feel compelled to take on additional hours, secure another job, or cut costs to get out ahead of your debt obligations. All too often, though, these efforts are fruitless, leading to...
Bankruptcy offers relief from overwhelming debts, but it also serves as a crucial indicator of economic well-being. Though, Chapter 7 bankruptcy, the most common personal bankruptcy option, predominates in this discussion. And, in these discussions, residents often...
Most Floridians understand the difference between a Chapter 7 bankruptcy petition and a petition under Chapter 13. In a Chapter 7 case, the court has the power to discharge, that is, declare uncollectible, most debts of the petitioner. In a Chapter 13 case, the...
Personal bankruptcy can provide you with a real way out of debt and help you secure a fresh financial start. But generically saying that may not be enough to put your mind at ease. After all, you’ve probably been inundated with bankruptcy alternatives and the negative...
