In today’s economy, many hardworking Floridians find themselves struggling with debt. After all, life is expensive and unexpected costs happen. When debt becomes unmanageable, bankruptcy can offer a critical lifeline to financial stability. An individual may consider...
During these trying times, for many in our state, debts are piling up. These include medical debt, student loan debt, credit card debt, etc. Times are tough, and when times are tough, our financial lives usually suffer. This is when bankruptcy may become a viable...
Filing for bankruptcy under Chapter 13 may affect your credit score. But there are ways to improve your credit. Chapter 13 A Chapter 13 bankruptcy allows debtors to repay their debts over an extended number of years. This filing causes less harm to your credit rating...
If you have decided to file for bankruptcy, you may have the option to file for either Chapter 7 or Chapter 13 bankruptcy. Chapter 13 bankruptcy differs from Chapter 7 in terms of eligibility criteria, as well as advantages and disadvantages. Eligibility Generally, a...
When seeking Chapter 13 bankruptcy, the repayment plan plays a crucial role in the outcomes of people’s cases. Submitted with their filing or within the specified time frame, the repayment plan allows filers to propose a schedule for paying back debts to certain...
Though rumors perpetuated for years paint bankruptcy in a negative light, it serves as a useful tool for anyone finding themselves in debt. Each type of bankruptcy has its own benefits and parties that it primarily serves. Chapter 13 is one of the most common types,...
When you file for Chapter 13 bankruptcy in Florida, you agree to the terms of a specific payback plan. Once you make payments on the plan for a certain period of time, your remaining debts typically undergo discharge. This process often takes about three and five...
When you file for consumer bankruptcy in Florida, you typically do so through either a Chapter 7 or Chapter 13 format. There are different benefits, drawbacks and eligibility requirements associated with each type. However, if you have concerns about potentially...
Beginning bankruptcy proceedings under Chapter 13 can help you take back control of your financial and emotional well-being. Once proceedings have begun, most collection actions and pending foreclosures are automatically paused, giving you time to put together a plan...
Bankruptcy is an important process that can help Miami residents get out from under their debts. There are different types of bankruptcy that debtors can pursue, and one of them is Chapter 13 bankruptcy. Unlike Chapter 7 bankruptcy, which involves the liquidation of...
