Emerging from bankruptcy often means rebuilding your credit. In Florida, as in most states, a Chapter 7 bankruptcy involves discharging unsecured debts, including your credit cards. This might lower your credit score temporarily. Still, it does not necessarily mean...
Dealing with overwhelming debt can be highly stressful. However, there are programs in Florida that may help residents regain control of their finances. In this blog post, we'll examine some of the solutions for people in debt who are considering filing for...
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...
If you fail to pay your mortgage on time, you may lose your property through foreclosure. This process has long-term financial implications, and recovery can be difficult if you are not prepared. Foreclosure is the result of failing to meet your repayment obligations....
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....
Both Chapter 7 and Chapter 13 have their unique timelines when it comes to how long they stay on a debtor's credit report. Many make the mistake of thinking that after filing for bankruptcy, that's the end of it. However, a bankruptcy filing stays with a debtor for...
Once you file for bankruptcy, you will meet with a trustee who will investigate the case. As an officer of the Department of Justice, the trustee will recommend whether your case should go forward and then administer funds as ordered by the court. While they are not...
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...
A common bankruptcy option among professionals struggling with debt is Chapter 13. This form of bankruptcy, also known as a wage earner's plan, allows you to develop a plan to repay all or part of your debts over three to five years. Chapter 13 bankruptcy can be...
