When filing for Chapter 7 bankruptcy, you’ll likely go through an evaluation of your finances to determine whether you qualify. This is known as the means test. It works by comparing your income to the median income for a household of your size in your state. The goal...
Filing for Chapter 7 bankruptcy can offer substantial relief from overwhelming debt, but it doesn't eliminate all financial obligations for everyone involved. If someone has co-signed a loan with you, they may still remain financially responsible. Understanding how...
Are you worried that filing for bankruptcy might wipe out your retirement savings? You're not alone. Many people in Florida avoid bankruptcy because they fear losing the money they've saved for their future. But here's some good news: retirement accounts enjoy...
When filing for Chapter 7 bankruptcy in Florida, you must decide between state and federal exemptions to protect your assets. This choice can significantly affect your financial future, so understanding the differences is crucial. Understanding exemptions Exemptions...
When faced with the prospect of filing for Chapter 7 bankruptcy, many Floridians worry that they will lose their assets. The common misconception is that bankruptcy equates to losing everything you own. However, this is not the case. Thanks to bankruptcy exemptions in...
Declaring bankruptcy can trigger a wave of tension and an overwhelming sense of uncertainty. One of the most intimidating aspects of the process is the meeting of creditors. Can you skip this meeting and still achieve debt relief? Skipping the meeting of creditors is...
Medical debt has become a silent epidemic affecting millions in a country where healthcare costs continue to soar. The stress of mounting bills can overshadow the joy of recovery, leaving many to wonder if there is a way out. For those struggling with medical debt, or...
When hurricane winds subside in Miami, they often leave behind a trail of financial devastation. For many, particularly single parents, Chapter 7 bankruptcy may provide a path to recovery. The emotional toll of surviving a hurricane can be overwhelming, often leading...
Filing for Chapter 7 bankruptcy and disclosing assets can be daunting and challenging. Therefore, individuals seeking debt relief must know the importance of disclosure. If you consider Chapter 7 bankruptcy a viable option, you may wonder: What are the risks of...
A big part of the debt settlement process is negotiating with your creditors. People with no viable way to pay their bills face stacked odds when negotiating with credit card companies, banks and others. Many try to draw out the process, which could lead to your debt...
