In Florida, when you file for bankruptcy, two terms shape what you keep and what you may lose — exempt property and nonexempt property. Exempt property includes things the law lets you protect, while nonexempt property means creditors may sell them to get paid....
If you are struggling with debt, bankruptcy can be your lifeline. In Florida, there is no limit to how many times you can file for bankruptcy. Regardless of your reason, you may file as many times as needed. However, there are time limits that require you to wait...
Having your car repossessed can feel devastating. One day it’s there, the next it’s gone and suddenly getting to work or taking your kids to school becomes a challenge. In Florida, lenders can act quickly when payments fall behind, but that does not always mean you’re...
If you live in Florida and plan to file for Chapter 13 bankruptcy, you'll need to go through the means test. The test doesn’t decide whether you are eligible to file, but it plays an important part in outlining how your repayment plan will work. The test figures out...
Bankruptcy and divorce both carry significant financial and emotional weight on their own. When they intersect, the complications can multiply quickly. Dividing debt becomes harder, court dates overlap and protecting assets becomes more uncertain. Choosing between...
When you file for bankruptcy in Florida, one important rule decides which exemption laws you can use—the 730-day rule. This rule says you must live in Florida for at least 730 days or two years before filing to claim Florida's bankruptcy exemptions. These exemptions...
In Florida, the state’s homestead exemption provides powerful protection for your primary residence if you file for bankruptcy. This constitutional safeguard allows many individuals to get debt relief without the fear of losing their family home. Understanding how it...
Florida experienced an increase of 23.5% in bankruptcies between June of last year and the same time this year. That’s the second highest increase the country (with Rhode Island in first place). If you’re among the Floridians facing serious and mounting debt, you...
You’re in financial distress and have considered filing for bankruptcy, but you haven’t yet taken the big leap. You’re not alone. Many people in similar situations feel uncertain or hesitant, perhaps hoping their financial problems will resolve on their own. However,...
Most credit cards are unsecured. This means that the debt is not backed up by a specific asset. The credit card company simply trusts you to pay the bill on time, but you can use that card for a variety of different purchases, and there is nothing that the lender...
