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...
During these trying times, for many in our state, debts are piling up. These include medical debt, student loan debt, credit card debt, etc. Times are tough, and when times are tough, our financial lives usually suffer. This is when bankruptcy may become a viable...
Filing for bankruptcy under Chapter 13 may affect your credit score. But there are ways to improve your credit. Chapter 13 A Chapter 13 bankruptcy allows debtors to repay their debts over an extended number of years. This filing causes less harm to your credit rating...
Recent times have caused financial distress for many Florida residents. You may have lost a job, had trouble paying bills and accumulated a high amount of debt that you are now unable to pay. Bankruptcy is often a smart and viable option for people in this situation;...
Even though it is impossible to put a price tag on good health, maintaining a healthy mind and body can be almost unbelievably expensive. Even if you have decent health insurance, you may have to put medical care on your credit cards or take out loans to pay for...
People may find themselves in serious financial trouble for all sorts of reasons, including medical expenses, unexpected home repairs, and other occurrences. When this financial trouble is severe, you may also find that you can no longer pay your mortgage. In this...
If you're dealing with overwhelming debt, you know it's a terrible feeling. You may even feel like the worst part of the experience is being contacted by creditors who want you to pay them back. There are laws against abusive practices by debt collectors, but even if...
Though rumors perpetuated for years paint bankruptcy in a negative light, it serves as a useful tool for anyone finding themselves in debt. Each type of bankruptcy has its own benefits and parties that it primarily serves. Chapter 13 is one of the most common types,...
Filing for bankruptcy once came along with a notable stigma. However, these days, more and more people learn that bankruptcy serves as a perfectly reasonable tool for leaving behind debt. On top of that, it also offers protection from one thing that every person in...
