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...
Everyone faces medical issues in his or her life to some degree. Unfortunately, the issues become even more stressful when it extends to family budgets. In many instances, insurance companies design their coverage to force a patient into a repayment situation with the...
As a small business owner in Florida, you understand the risks of putting everything on the line to ensure that your company can thrive. Unfortunately, the chances of a small business making it past five years are not too high. When they run into trouble, business...
Student loan debt is a large burden for many South Florida residents. Even after earning a prestigious degree, some student loan borrowers struggle to keep up with their repayment obligations. Recently, a bill was introduced that may provide some relief for student...
When Florida residents file a Chapter 7 personal bankruptcy petition, the court appoints a trustee to act as an administrator and liquidate any assets owned by the petitioner that are unencumbered by liens and not covered by bankruptcy exemptions. Before any assets...
Generally speaking, if a company is going through a bankruptcy or a liquidation, it means that the organization is in financial peril. In some cases, these moves are made in an attempt to pay creditors before going out of business. However, it is important to note...
Many individuals in Florida and across the U.S. unexpectedly get behind on bills. If you're in this situation, you might consider filing for bankruptcy. Although there are several options available to you, Chapter 13 may be a viable option to consider if you still...
Although bankruptcy in Florida can certainly help you ease up your financial obligations, the fact is that serious consequences also come with it. One of the most common issues people who file for bankruptcy will face is having a difficult time being approved for a...
