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...
Some people considering filing for a Chapter 7 bankruptcy may assume that, when it is over, they will be completely debt free. However, this is not necessarily the case. While most debts are eligible for discharge, the U.S. Bankruptcy Code lists a few...
When you are considering filing for bankruptcy, please know you are not alone. Many Americans find themselves in a difficult place with debt and rising living costs, and one of the most powerful solutions is personal bankruptcy. One important facet of bankruptcy to...
If you're dealing with overwhelming debt, you know it's a terrible feeling. You may even feel like the worst part of the experience is being contacted by creditors who want you to pay them back. There are laws against abusive practices by debt collectors, but even if...
For many people, filing for bankruptcy can help them take control of their debt and stop it from accumulating further. However, the process does have an impact on credit score, which can make it harder to obtain loans and credit in the future. Keep in mind that these...
Filing for bankruptcy once came along with a notable stigma. However, these days, more and more people learn that bankruptcy serves as a perfectly reasonable tool for leaving behind debt. On top of that, it also offers protection from one thing that every person in...
One of the leading causes of bankruptcy filings in Florida and elsewhere remains medical debt. While individuals and families do not always have full control over this situation, most people should follow several best practices to minimize medical expenses. Some steps...
When you fall far enough behind on your bills and finances, you may find that your Florida employer has no choice but to withhold some of your wages to pay off your debts. Called “wage garnishment,” the process enables your employer to withhold up to 25% of your...
For many Florida residents struggling to stay atop of their finances, filing for bankruptcy brings welcome relief. However, it may not be appropriate for everyone in all situations. If you count yourself among the many looking to make a financial fresh start through...
When you have creditors hounding you to pay back your debts, you may start thinking about filing for bankruptcy in Florida to give yourself some relief. The first time you file for bankruptcy, something called the automatic stay kicks into play, which gives you...
