Bankruptcy may sound like a last resort, and the media often paints it as a sort of rock bottom. Both of these assumptions do not take your unique situation into account. As a tool, bankruptcy has the ability to reorganize your debts and start you towards a new,...
Divorce can put people in a dire financial situation with little resources to draw upon. As a solution to unexpected or overwhelming debts related to divorce, people may consider filing for bankruptcy. When leveraged the right way, bankruptcy can provide a fresh...
If you are drowning in debt, filing bankruptcy may be an option for you. If a lot of your debt is of the unsecured type, Chapter 7 eliminates most of it. You may fear losing all your property and assets if you file for bankruptcy. However, Florida allows for certain...
Qualifying for Chapter 7 bankruptcy can be important relief that struggling consumers need. For that reason, it is important to know how to qualify when debt relief is needed. How to qualify for Chapter 7 bankruptcy Chapter 7 bankruptcy is considered a liquidation...
The past year has been hard financially on many in Miami. Furloughs, layoffs and a tough economy spelt financial disaster for many. Even those who have since been able to return to work may find it is at reduced pay or reduced hours. When it comes time to decide which...
There are many things that bankruptcy protection can do to help struggling consumers. One way that bankruptcy protection can helping struggling consumers is the automatic stay that goes into effect once the filing party has filed for bankruptcy protection. They should...
If you’re dealing with overwhelming debt, then you know that it can take a huge emotional toll. The sad truth of the matter is that most people who struggle with debt try for years, sometimes even decades, to find a way to claw free of the financial burdens that have...
There is no absolute prohibition on a Miami resident’s using a bankruptcy to discharge their back tax debt which they owe to the Internal Revenue Service. However, in order to take advantage of the opportunity to discharge, a Florida resident will have to meet certain...
When filing for personal bankruptcy protection, such as Chapter 7 bankruptcy, there are several layers of protection that the filing party should be aware of. One type of protection includes bankruptcy property exemptions. Some property is exempt from the Chapter 7...
Floridians who are facing mounting debt and want to get into a better financial situation may want to consider bankruptcy. Chapter 7 bankruptcy is generally the easiest way to clear what is owed including credit cards, medical expenses and other unsecured debts. Once...
