The decision to file for bankruptcy is one that usually comes after considerable thought. It may take a while to realize that no matter how you try to alter the budget, there’s just not enough money to pay all the bills. Some people who file for bankruptcy are...
Fort Lauderdale Bankruptcy Blog
What are the risks of debt settlement?
When you're caught in financial strife, you may feel overwhelmed and desperate for solutions to manage your mounting debt burden. Debt settlement is one way to negotiate with creditors to pay less than you owe. While debt settlement may seem like a great option, it is...
Bankruptcy and holiday gift giving: What to know
Your debts have become overwhelming – but you’ve committed to a proactive approach to the problem. You’re filing for bankruptcy right after the start of the new year. What does that mean, then, for your Christmas holiday? You need to be very cautious about how you...
How do I get my car back after filing for Chapter 13 bankruptcy?
Most people cannot afford to buy a vehicle outright when they need transportation. Financing new and used vehicle purchases is standard practice. Even people with questionable credit history can qualify for vehicle financing because the vehicle serves as collateral....
How is debt negotiation different from Chapter 13?
If you have a considerable amount of debt, you are familiar with that tight feeling in your chest and feeling like you can barely breathe. Every day, you're staring at your bills, trying to figure out how to pay your creditors and still put food on the table for your...
2 things that could make bankruptcy more likely
They don’t teach finance in most schools. So it is no surprise that so many Americans have problems with their finances in adult life. While bankruptcy could happen to anyone, certain things could make it more likely to happen to you. Co-signing for things Co-signing...
Should you keep bankruptcy a secret from your family?
You might feel embarrassed about having to file for bankruptcy. That could lead you to want to keep it a secret from everyone. Most people need never find out, but it is certainly worth telling some close family members. Here are a few reasons why: It may affect them...
What are the most common concerns that lead to bankruptcy?
Bankruptcy is a legal process that empowers individuals or enterprises overwhelmed by debt with a path to financial relief. Individuals and businesses considering bankruptcy can benefit from legal guidance to better understand how to cope with the emotional strain and...
Avoid these 2 things if filing for bankruptcy
If you are considering filing for bankruptcy, it’s important not to do anything that could harm your chances of acceptance. Here are two such things to avoid: 1. Making one last big purchase Bankruptcy courts typically allow you to keep a few essentials. Maybe that’s...
Why might filing for bankruptcy sooner than later be a good idea?
Deciding to file for bankruptcy does not come easy. People delay for all sorts of reasons. For example, you might hope that you can somehow resolve the situation. Or you might delay it because you feel ashamed to file. Yet, in many cases, people look back and wish...