Bankruptcy is not an attractive option, but there are times when it is the best available choice. There were 383,810 annual bankruptcy filings in this country in Sept. 2022 which is a drop from the 434,540 filings in 2021. When to file Filing for Chapter 13 bankruptcy...
One of the first questions that a potential bankruptcy petitioner asks is “will I lose my property?” The answer to this question is generally “No.” While neither Chapter 7 nor Chapter 13 necessarily results in the loss of all—or even most—of the bankrupt property, the...
Dealing with the overwhelming stress of unmanageable debt is exhausting and scary. Feeling like you’re living on the precipice for days on end can leave your nerves frayed, and you might feel like you’re never going to be able to secure the future that you want. But...
With the increasing cost of living, it is not surprising that more Floridians are experiencing overwhelming financial stress. When debts become unmanageable, many Floridians considering bankruptcy wonder how long before Chapter 7 bankruptcy can provide relief from...
Cryptocurrency reclaimed the public consciousness when a catastrophic liquidity crisis resulted in a Chapter 11 bankruptcy filing by FTX in November. That move follows two other bankruptcies by trading platforms Voyager and Celsius this past July that will likely...
Recent times have caused financial distress for many Florida residents. You may have lost a job, had trouble paying bills and accumulated a high amount of debt that you are now unable to pay. Bankruptcy is often a smart and viable option for people in this situation;...
Anya Kamenetz, a contributor to the Chicago Tribune, makes two especially notable points about debt relief services in a recent article. We think they are interesting and relevant to many of our Florida and other readers and thus pass them along as something to think...
Deciding to file for bankruptcy is one of the most difficult decisions that a person will ever make. Often, people can be uncertain how serious the financial problems are, meaning that many individuals wait too long to file. Once they begin the process, they learn how...
Sometimes, individuals will seek the protection of bankruptcy in response to struggles with debt. Many things can lead to an individual facing problems with debt. Two things that can play a role in a person facing such struggles are poor economic conditions and...
Many legal concepts are misunderstood by the general public, but perhaps the most prevalent legal myths surround bankruptcy. How often have you heard it said that you have to lose your home and your car to get bankruptcy relief? Or that the retirement savings you...
