Many people in Florida and throughout the U.S. struggle with overdue bills, medical expenses, credit card debt and other loan payments. Chapter 7 bankruptcy is an option for those who wish to start over with a clean financial slate. Otherwise known as liquidation...
Filing for Chapter 7 bankruptcy may give you relief from your burdensome debts. However, you might have to sell off some of your property to pay off debt that you cannot discharge. Fortunately, state bankruptcy law allows you to exempt some of your property from...
As a Florida homeowner, you may have concerns about having to turn over your home if you decide to file for bankruptcy. While this is a possibility, it is not definite, and there are a number of factors that go into determining whether you are able to keep your house...
Owning a home involves lots of financial responsibilities. If a homeowner can no longer make mortgage payments, they face a risk of foreclosure. The good news is that the homeowner can halt the process at any time by taking the proper actions. Here are a few important...
After falling behind on home loan payments, it could take several months until your lender begins the foreclosure process. As noted by GoBankingRates.com, you may skip four payments and keep your property if you can then get caught up. Before missing the fourth...
Filing Chapter 7 bankruptcy allows you to discharge many of your debts. However, many people struggle with how to rebuild their credit following a bankruptcy case. While you may have to wait to apply for credit cards again, you can begin to rebuild your credit and may...
Everyone knows that the past two years loaded on many challenges of a financial nature to individuals, families and businesses. Despite this, due to a multitude of reasons, bankruptcy filings did not accelerate in 2020. Now, though, ominous trends reveal a troubling...
When your debt begins to spiral out of control in Florida, it may happen for any number of different reasons. However, if you are like most Americans facing mounting piles of debt, it may be the result of unanticipated medical expenses. According to Fox Business,...
Sometimes referred to as reorganization, Chapter 13 payment schedules may last between 36 and 60 months. If you can make on-time payments for a maximum of five years, the court may discharge the balance of your debts, as noted by Bankrate.com. When filing, petitioners...
When you default on your loans, you may find yourself flooded with calls from creditors and lenders. Not being able to pay is one thing, but this added pressure stacks stress even higher. When facing this situation, it may help to understand the process of...
