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...
Even the most careful planners can lose control of their finances. It could be due to overwhelming medical bills, an unexpected job loss or a spouse with out-of-control spending habits. At some point, it becomes clear that filing for bankruptcy is the most realistic...
When debts start piling up, the future can seem bleak, especially amid the rising cost of living in Florida. You can file for chapter 7 bankruptcy if you need relief from an overwhelming mountain of payments and non-stop collection from creditors. Even if you seek...
Filing for bankruptcy often has a negative connotation, because it seems like a last resort after hitting rock bottom. Contrary to popular belief, bankruptcy may be a tool towards better financial standing. When you file for bankruptcy, you can reorganize your debts....
Marriage is complicated. Divorce is complicated. Bankruptcy is complicated. And the interplay between divorce and bankruptcy can be intricate. Many divorces come about after a marriage has been damaged by financial difficulties. This means that, by the time one or...
It doesn’t take long for debt to become overwhelming. And when it does, you might feel compelled to take on additional hours, secure another job, or cut costs to get out ahead of your debt obligations. All too often, though, these efforts are fruitless, leading to...
Most Floridians understand the difference between a Chapter 7 bankruptcy petition and a petition under Chapter 13. In a Chapter 7 case, the court has the power to discharge, that is, declare uncollectible, most debts of the petitioner. In a Chapter 13 case, the...
Personal bankruptcy can provide you with a real way out of debt and help you secure a fresh financial start. But generically saying that may not be enough to put your mind at ease. After all, you’ve probably been inundated with bankruptcy alternatives and the negative...
