Bankruptcy may sound like a last resort, and the media often paints it as a sort of rock bottom. Both of these assumptions do not take your unique situation into account. As a tool, bankruptcy has the ability to reorganize your debts and start you towards a new,...
Divorce can put people in a dire financial situation with little resources to draw upon. As a solution to unexpected or overwhelming debts related to divorce, people may consider filing for bankruptcy. When leveraged the right way, bankruptcy can provide a fresh...
If you are drowning in debt, filing bankruptcy may be an option for you. If a lot of your debt is of the unsecured type, Chapter 7 eliminates most of it. You may fear losing all your property and assets if you file for bankruptcy. However, Florida allows for certain...
When you fall into debt, you will almost certainly also deal with debt collectors. The Fair Debt Collection Practices Act (FDCPA) regulates the sort of tactics they can use to collect on these debts, but of course, that does not guarantee they will actually listen or...
Divorce can cause financial issues for many people because there is only one source of income but many of the same expenses. Although making a new budget or making other changes may solve the problem, this is not always the case. For some people struggling to pay off...
Qualifying for Chapter 7 bankruptcy can be important relief that struggling consumers need. For that reason, it is important to know how to qualify when debt relief is needed. How to qualify for Chapter 7 bankruptcy Chapter 7 bankruptcy is considered a liquidation...
Either a Chapter 7 or a Chapter 13 bankruptcy can help a Florida family that is facing the loss of their home through foreclosure. However, only a successful Chapter 13 plan can directly stop a foreclosure since, in a Chapter 13, a family can make catch up payments to...
Personal bankruptcy protection can help struggling consumers enjoy debt relief. To enjoy a fresh financial future, filing parties should be familiar with the different types of personal bankruptcy protection, the differences between them and how they can protect...
Although Florida’s reaction to the ongoing health issues differed from many states in the nation, its residents were still impacted by financial problems because of it. Job loss, diminished income, needing to use credit cards to make ends meet and other strategies...
There is no absolute prohibition on a Miami resident’s using a bankruptcy to discharge their back tax debt which they owe to the Internal Revenue Service. However, in order to take advantage of the opportunity to discharge, a Florida resident will have to meet certain...
