Fort Lauderdale Bankruptcy Blog

Families in Florida and elsewhere work hard to provide for their family. And when financial problems arise, this does not cause them to stop. Whether it is growing medical debt, unemployment or an accident, financial hardships can hit a family hard, sometimes causing them to seek out debt relief options. While filing for bankruptcy may be the last on one's list, the reality is that this might be the best option for a fresh financial start.

The decision to file for bankruptcy is not an easy one to make. And prior to a filing, an individual or family must determine which type of filing would be the most beneficial. Typically, this means filing for either a Chapter 7 or Chapter 13 bankruptcy. At Ditocco Law Group, PLLC, our attorneys can help one better understand the differences between the two.

Individuals who are deep in debt might get tired of the constant collection attempts they face for past due bills. These creditors are sometimes so persistent that the methods they use border on harassment. When this happens, getting those efforts to stop might become a priority. Fortunately, there is an option that you have to make this happen.

When you file for bankruptcy, the court issues an automatic stay. This prevents the creditors who are part of the filing from being able to contact you to get money. You won't have to worry about the phone calls, letters or emails that have become part of your daily life.

A previous post on this blog talked about how bankruptcy may be an important and even necessary step for Florida businessowners to take should they run into financial hardships.

This post specifically talked about how Chapter 7 bankruptcy, in which a businessowner will surrender non-exempt property in exchange for a discharge of debts, may be the right move after a business fails.

For many years, bankruptcy was one of those subjects that most people simply did not want to think about, much less talk about openly. Fortunately, that is changing, and this change couldn't come a moment too soon. As public opinion about bankruptcy changes, more people recognize that living in the modern world is always a dangerous proposition, and bankruptcy is one of the great gifts that the law gives us when unexpected setbacks occur.

These days, one of the most common reasons to consider bankruptcy is overwhelming medical debt. It is no longer a controversial opinion that the cost of medical care in America is astronomical. Many of us live in fear that that, no matter how well things are going at any moment, an unexpected illness or serious accident can bury us in debt in an instant. Many people even avoid treatment that they desperately need because they don't know how they'll ever pay for it.