When filing for personal bankruptcy protection, such as Chapter 7 bankruptcy, there are several layers of protection that the filing party should be aware of. One type of protection includes bankruptcy property exemptions. Some property is exempt from the Chapter 7...
Floridians who are facing mounting debt and want to get into a better financial situation may want to consider bankruptcy. Chapter 7 bankruptcy is generally the easiest way to clear what is owed including credit cards, medical expenses and other unsecured debts. Once...
Many first-time bankruptcy filers in southern Florida look to Chapter 7 for the complete discharge of their debts. While Chapter 7 can provide extensive relief from consumer and other kinds of debt, anyone who wishes to seek such relief must pass what is known as the...
Addressing debt problems does not mean completely changing your life. Filing for bankruptcy does not equate to giving up everything. While this does mean making major financial decisions and giving up some things, it also allows filers in Florida and elsewhere to...
Purchasing a vehicle can be a major deal. For some automobile owners, these are major purchases and can be a large portion of one’s monthly income when it comes to payments, insurance, gas and maintenance. Thus, when financial troubles hit, and can feel impossible to...
When a person isn’t feeling well and needs medical care, it can sometimes be expensive. Depending on the treatment, a person can easily face thousands of dollars in medical bills that he or she may be unable to pay. It can be helpful to understand some options for...
Deciding to file for bankruptcy is one of the most difficult decisions you may have to make. Many people struggle with the idea of giving up their most prized possessions, particularly the family home. However, there is good news. You may be able to keep your home if...
The automatic stay that kicks in once the filing party files for bankruptcy protection applies regardless of the type of bankruptcy the filing party files for. It can provide some immediate relief for the filing party from creditors and creditor calls while they are...
There are some signs that may indicate a person’s debt level is more than he or she can currently manage. These may include the borrower spending more than his or her monthly income, using savings to cover expenses or receiving calls from collection agencies about...
Many people think of bankruptcy as the end of a long, painful experience, but bankruptcy can also be the beginning of a new, much happier period in a person's life. When filing for personal bankruptcy, whether through Chapter 7 or Chapter 13, many people find it...
