Thankfully, the stigma from bygone generations about filing for bankruptcy is largely gone. Most residents of South Florida probably know someone who has filed for bankruptcy at least once. Still, there are a lot of myths about the bankruptcy process that are still...
Although referred to as either a “liquidation” or “straight” bankruptcy, fewer than one in 20 experience total loss. What is the reason? Federal and state exemptions to income are accessible by creditors. State law determines whether the debtor can choose between...
The Biden Administration has made student loan debt a central policy concern. On one front, the government is proposing to forgive all or part of the balance of federal student loans for eligible borrowers. Eligible borrowers could see up to $20,000 of their student...
When you are overwhelmed with debt, a Chapter 7 bankruptcy can give you the relief you are looking for and allow you to start over financially. There are many requirements you must meet to qualify for a Chapter 7 bankruptcy in Florida. If you are unemployed with no...
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...
If having too much debt has caused your stress levels to skyrocket, you probably appreciate having a dog by your side. After all, according to Johns Hopkins Medicine, companion animals reduce a person's production of certain stress hormones. Still, proactively dealing...
Record inflation and economic uncertainty is placing financial pressure on families across Florida. Unfortunately, the increasing cost of groceries and other expenses can lead to unavoidable debts that quickly become overwhelming. When debt becomes unmanageable,...
Recently, President Biden announced that the federal government would forgive up to $20,000 in student loans for some borrowers. Many people who have struggled to pay their student loan debt celebrated the news. Unfortunately for those borrowers, their financial fate...
Filing for bankruptcy under Chapter 7 prevents debt collectors from contacting debtors and garnishing their wages. After the case is resolved, a court order may clear medical debt, personal loans, credit cards and other unsecured debts. Spending money, in some...
For most residents of southeastern Florida, the decision to file a petition for relief under Chapter 7 of the United States Bankruptcy Code is an attempt to cancel as much of their financial obligations as possible. Still, a valuable section of the code is the...
