If you are navigating a divorce in Florida, you may also consider bankruptcy to manage debts. However, it is crucial to understand that this decision will likely impact the property division process, domestic support obligations and it introduces complexities that...
Your family home may be one of your most valuable assets. It may also mean a lot to you for sentimental reasons. If you are struggling with debt, you may be concerned about losing your house if you file for bankruptcy. Fortunately, under Florida’s bankruptcy laws, you...
You may be considering filing for bankruptcy in Florida and know that it is probably the right choice for you. If you have been struggling with unmanageable debt for a long time, you know how stressful life can be. The idea of having the debt dismissed and starting...
Persons who are drowning in debt often hear that filing a petition in federal bankruptcy court can rid them of debt and provide a fresh financial start. How can a federal statute provide such relief? The answer begins with an understanding of the “automatic stay”...
If you are facing financial hardship, you may have been approached with the option to apply for debt consolidation. Debt consolidation involves combining your debts into one, so you have one monthly payment, but it may not be the best choice. Debt consolidation vs....
If you’ve been struggling with debt and simply don’t see a way out, then it might be time to consider filing for bankruptcy. A successful bankruptcy petition can provide you with debt relief and a fresh financial start, thus giving you a new lease on life. But if...
Many Florida residents probably think of “bankruptcy” as a scary word. After all, if you are filing for bankruptcy, things have gone quite poorly for your financial situation, right? Not necessarily. For some people who are looking at bankruptcy as an option, their...
Part of the bankruptcy process in Florida involves appointing a trustee. This is a person appointed by the bankruptcy judge. The trustee’s job is to manage your bankruptcy filing. A trustee is a neutral party, meaning they do not act on your behalf or on behalf of...
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...
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...
