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...
Most people who are considering bankruptcy are doing it on their own account. They know that they have overwhelming debt and they are looking into their options to resolve it, which may include filing for Chapter 13 or Chapter 7 bankruptcy. However, there are also...
During personal bankruptcy proceedings, people can eliminate some of their unsecured debts. They can also potentially protect their property that might be vulnerable due to creditor lawsuits or other collection efforts. Typically, unsecured debts are eligible for...
Medical bills can pile up fast, especially after an emergency or a long hospital stay. In Miami, where everyday expenses are already high, these costs can feel impossible to manage. For some, the calls from collectors and the mounting balances leave you with turning...
