Some Florida consumers who are overwhelmed with unmanageable debt hesitate to file for bankruptcy protection because of the stigma and a belief that debt settlement might be a better option. However, debt settlement has several drawbacks that you should understand...
If you're in the middle of financial woes and do not see a clear way out, you may be thinking about bankruptcy. One common element most people have in their bankruptcy cases are charged-off accounts. Understanding what happens with these charged-off accounts during...
If you owe money to a mortgage lender, credit card company or Florida hospital, you'll likely be obligated to repay that debt in monthly installments. In the event that you stop making payments, the balance might be sold to a collection agency. Typically, debt...
Contrary to popular belief, filing for bankruptcy doesn’t mean that your company is automatically out of business. Rather, your business is fully capable of remaining in operation. This holds true even if it is a non-profit organization. What is Chapter 11 bankruptcy?...
When you start to feel overwhelmed by your debts, bankruptcy may be one of the first options that you think of. In reality, bankruptcy is only one of many methods for getting rid of debts. It's a good idea to understand what's involved in the bankruptcy process so...
When you file for Chapter 7 bankruptcy in Florida, you'll get the chance to discharge most of your unsecured debts. Unfortunately, Chapter 7 might not be enough. If you're still struggling with debt a few years later, you might have to file for Chapter 13. When can...
Sometimes, debts get out of a debtor's control, making them hard to pay and manage. Bankruptcy gives them an option to remove some debts by liquidation through Chapter 7. If a debtor wants to pay their debt and keep assets, Chapter 13 allows them to use a payment plan...
If a debtor in Florida feels they can not manage their debts anymore, they commonly consider bankruptcy. Bankruptcy helps debtors remove certain debts legally by a liquation process in Chapter 7 and debt repayment under Chapter 13. Each bankruptcy type commonly...
It may be possible to eliminate credit card debt in a matter of months by filing for bankruptcy in Florida. However, doing so may also result in a significant hit to your credit score and creditworthiness. Let's take a look at what you should know before resorting to...
When debt gets too much of a burden for an individual, they have the option of filing for Chapter 7 bankruptcy. Chapter 7 allows them to erase unsecured debts by selling non-exempt assets. However, it isn't as simple as just filing a petition to start the case because...
