Realizing that you can’t keep up with payments on your credit accounts may spur you into taking action. One possible option is filing for bankruptcy, which is a court-based option for taking control of your finances. Many people who file for bankruptcy look into how...
Car loans are starting to become a problem for some subprime borrowers. While borrowers with the highest credit scores are not defaulting on their loans as often, subprime borrowers certainly are. In fact, some reports from Reuters claim that October saw an increase...
There are several different types of bankruptcy, and they each impose different requirements on filers. Chapter 7 bankruptcy is one of the more popular options. Chapter 7 bankruptcy is a relatively rapid form of bankruptcy that people can complete within a few months...
Most people live with at least a small amount of debt. If you have a mortgage, that is a financial obligation, so you are technically in debt to your mortgage lender. Even if you just use a credit card to pay for gas or other minor purchases, it is a debt that you...
In Florida, when you file for bankruptcy, two terms shape what you keep and what you may lose — exempt property and nonexempt property. Exempt property includes things the law lets you protect, while nonexempt property means creditors may sell them to get paid....
If you are struggling with debt, bankruptcy can be your lifeline. In Florida, there is no limit to how many times you can file for bankruptcy. Regardless of your reason, you may file as many times as needed. However, there are time limits that require you to wait...
In Florida, the state’s homestead exemption provides powerful protection for your primary residence if you file for bankruptcy. This constitutional safeguard allows many individuals to get debt relief without the fear of losing their family home. Understanding how it...
Florida experienced an increase of 23.5% in bankruptcies between June of last year and the same time this year. That’s the second highest increase the country (with Rhode Island in first place). If you’re among the Floridians facing serious and mounting debt, you...
You’re in financial distress and have considered filing for bankruptcy, but you haven’t yet taken the big leap. You’re not alone. Many people in similar situations feel uncertain or hesitant, perhaps hoping their financial problems will resolve on their own. However,...
Most people who are considering bankruptcy are doing it on their own account. They know that they have overwhelming debt and they are looking into their options to resolve it, which may include filing for Chapter 13 or Chapter 7 bankruptcy. However, there are also...
