People in a variety of situations can find themselves facing unsustainable levels of debt. In some cases, running a small business might lead to an entrepreneur overextending themselves. They may worry that they cannot meet all of the company's financial obligations...
Fort Lauderdale Bankruptcy Blog
Bankruptcy doesn’t mean you’re financially irresponsible
Most people don't like to discuss finances with their peers. They tend to view it as a private matter that's best left behind closed doors. But if we did, we might discover that everyone has money problems sometimes. We might also be able to remove the stigma...
Bankruptcy is probably not your fault
Some people feel a sense of guilt regarding bankruptcy. If they have to file, they feel bad because they think they must have made a mistake. The bankruptcy is their own fault and they blame themselves, perceiving this as a failure. But the reality is that bankruptcy...
Will I lose my furniture if I file for bankruptcy in Florida?
Filing for bankruptcy can help individuals who are struggling to manage overwhelming debt to secure a stronger, more stable financial future. Yet, many individuals who could benefit from bankruptcy protections hesitate to file. One common concern for those...
3 ways debt collectors can find you
Dealing with financial problems is not an easy ride, and it only gets worse when debt collectors start repeatedly contacting you to recover debts. The incessant calls and letters can create significant stress and anxiety, often disrupting your daily life and privacy....
Is bankruptcy a good way to stop foreclosure?
You may have had someone tell you that you can stop foreclosure by declaring bankruptcy. If you get the notification from the lender that they’re going to foreclose on your home, all you have to do is file for Chapter 7 bankruptcy. You may have to liquidate some...
How and when to talk to your kids about bankruptcy
A personal bankruptcy filing might involve just one person. However, the financial struggles of one individual have a tendency to affect the circumstances of others. The finances of parents have a direct impact on the quality of life that children enjoy. If a parent...
Debt settlement versus filing for bankruptcy
If you are struggling with debt and there is no end to your financial challenges in sight, chances are good that you have two primary opportunities available to you: debt settlement and filing for bankruptcy. In order to better ensure that you can achieve the kind of...
2 unexpected benefits of filing for bankruptcy
Bankruptcy is a legal protection that helps people to take control of their finances by allowing them to use a process overseen by the court. Two types of bankruptcy are commonly used by consumers – Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, the person...
Tips to successfully negotiate with creditors
If you owe a significant amount to creditors, you may feel isolated and lost. Nonetheless, it is important to remember that millions of people in the U.S. are in a similar situation, and help is out there. One tactic that you can use is to negotiate with creditors....