Medical costs can be very high in the United States. To some degree, it is not surprising that medical bills are one of the top reasons cited in bankruptcy cases. A single medical emergency could leave someone with more debt than they can realistically repay. However,...
If you are considering Chapter 7 or Chapter 13 bankruptcy in Florida, one of the most important concepts to understand is the “lookback period” also called the “reach back period.” This is the window of time before you file when the bankruptcy trustee and, in some...
Many people in Florida decide to file for Chapter 7 bankruptcy to liquidate their assets in exchange for having many of their debts forgiven. However, not everyone meets the criteria for a Chapter 7 bankruptcy. People who do not earn a low enough income to qualify for...
People facing overwhelming debt in Florida are often at a crossroads, unsure as to what they should do. Advertising campaigns try to sell certain ideas such as debt relief. Many people dealing with debt might immediately dismiss the suggestion that they file for...
If you’ve found your way to our blog, then you’re probably financially struggling and looking for relief. Although bankruptcy can offer you an opportunity to rid yourself of most debts, thereby giving you a fresh financial start, a lot of people are hesitant to engage...
Debt can pile up quickly for people in Miami. What starts out as a manageable debt can quickly explode if something goes wrong. There are times when people may need to take out additional debt simply to keep up with their current debt. They may begin to fall behind on...
Bankruptcy under Chapter 13 requires a debtor to attend a meeting with creditors to answer questions regarding terms of the plan submitted. Within 45 days, a judge holds a confirmation hearing on the feasibility of the plan. The substantive laws and procedural rules...
Managing finances in today’s economy is no easy task. One financial emergency or unexpected repair bill can quickly lead to unmanageable debt. Unfortunately, there are unscrupulous organizations taking advantage of people seeking help after falling behind on their...
Bankruptcy is a great option for Florida residents struggling with unmanageable debt. It provides you with a chance to start over financially with a clean slate and maintain financial stability. But what happens if an unexpected event occurs that leaves you with debt...
