Consumers across the U.S. borrow money every day. Some obtain unsecured loans, while others pursue secured loans. When it comes to discharge in a bankruptcy filing, the differences between the two are significant. Unsecured debt Unsecured debt is borrowed without the...
Financial troubles can strike at any time. Many are not prepared to deal with this stress, especially when it begins to snowball into a larger and less manageable issue. While budgeting can aid those in Florida and elsewhere, the reality is that this is not always a...
If you’re facing overwhelming debt, then bankruptcy might be a viable option for you to obtain relief. After all, a successful bankruptcy petition can help you rid yourself of debt, thereby aiding you in securing the fresh financial start that you want and need. That...
Every person who files a Chapter 7 or Chapter 13 bankruptcy will have to attend what people commonly call a meeting of creditors. The meeting of creditors is a required court proceeding. Although a judge will not attend, the proceeding is recorded and is an important...
Once you have decided to file for Chapter 7 bankruptcy, you are probably anxious to get the process going. A Chapter 7 bankruptcy can get rid of all your qualifying debts and allow you to start over financially. The Chapter 7 bankruptcy process generally takes about...
Personal bankruptcy is a tool for people to regroup and get back on track financially after they have been mired in debt. Wipe the slate clean and start again. But how do you do that without getting wiped out, without having your property seized to compensate...
Many people from all walks of life struggle, including doctors, office workers, construction workers, and countless others. They all find themselves overwhelmed by debt. If you are one of them, you may worry about the consequences of bankruptcy, but Florida has...
For years now, you have worked hard to be financially independent and provide a comfortable life for your family. Financial difficulties due to job loss or expensive medical treatments can threaten to take that all away. Consumer bankruptcy is an option for dealing...
Thankfully, the stigma from bygone generations about filing for bankruptcy is largely gone. Most residents of South Florida probably know someone who has filed for bankruptcy at least once. Still, there are a lot of myths about the bankruptcy process that are still...
When a Florida resident ponders filing a petition for debt relief in bankruptcy court, the most commonly asked question is, “Will I lose all of my property?” The happy answer is “No,” but an understanding of Florida laws protecting a person’s property from seizure or...
