Chapter 7 bankruptcy is a great kind of bankruptcy to consider if you're struggling with debt. It is also known as liquidation bankruptcy because you sell some of your liquid assets to pay back what you owe.Of course, the truth is that you may not be able to afford to...
You fell into debt when you lost your job, and things have been tough around your home. You and your spouse have had some hard times in the past and know you'll get through them, but with creditors knocking at your door, you're not sure how to react. You just want to...
Many Florida residents, including yourself, may assume that filing for bankruptcy is a choice. In most cases, you would be right. However, what if you are informed that your creditors are petitioning for your bankruptcy? Can they do this?As FindLaw explains, in rare...
Florida residents who are trapped under a pile of debt may be looking at different bankruptcy options in order to rid themselves of a financial burden. Though many options are available, today we will be taking a look at Chapter 7 bankruptcy.The United...
Many people in the United States suffer from overwhelming medical expenses, stemming from an unexpected injury, medical diagnosis or other ailment. According to a CNBC report, medical debt is the number one cause of bankruptcy in the United States. Approximately 2...
A Chapter 7 bankruptcy may be the best option that Miami residents who are struggling with debt have at re-establishing themselves financially. Through the discharge of certain debts, filers are able to get out from under their many liabilities and be able to use...
Filing for bankruptcy may be just what you need to do to get your finances in order and otherwise regain control over your affairs, but you can also count on your credit score taking a serious hit after you do so. At Kingcade Garcia McMaken, we are well-versed in the...
The main reason many business owners file for bankruptcy in Florida is that they have personal debts intertwined with their business debts. If this sounds familiar, then you may want to file for Chapter 7 liquidation bankruptcy in addition to, or in place of, settling...
If you are like a lot of people facing serious financial struggles in Florida, you might not know that you have a choice when it comes to which type of bankruptcy plan might be able to help you get out from under your mound of debt. There are actually two common forms...
In order to achieve a fresh start after filing for Chapter 7 bankruptcy, it is important for people in Florida to stay current with their financial obligations, during and after their cases. This includes filing their taxes on time and paying any applicable...
