Fort Lauderdale Bankruptcy Blog
What to know about bankruptcy and liquidation
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...
What is chapter 13 bankruptcy?
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...
Life after bankruptcy: How to apply for a mortgage loan
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...
What to know about declaring bankruptcy
Consumers who have large debts could try negotiation with creditors. If they see no way of paying those debts, bankruptcy in Florida could be an option. Bankruptcy legally erases certain debts, but it often comes with consequences. Understanding how bankruptcy works...
How bankruptcy works for independent business owners
Bankruptcy law in Florida gives debtors as well as business owners a legal way out of debt. Chapter 7 and Chapter 13 bankruptcy are two common options, but they don't work the same way. Since each situation differs, a business owner may qualify for one type over the...
Beating credit card debt
A recent study indicates that the average US household has more than $15,000 in credit card debt. That amount of debt is already an alarming number, but when you consider the fact that most credit card balances add interest every month, it can become even more...
What happens to a leased car after you file for bankruptcy?
If an individual is having trouble managing their debts, they can file for bankruptcy as a last resort. Filing for Chapter 13 bankruptcy in Florida gives an individual the chance to pay off their debts over a period of three or five years. If a leased vehicle is part...
What constitutes a legitimate bankruptcy
When an individual in Florida files for Chapter 7 bankruptcy, they'll need to be able to prove that their reasons for filing are legitimate. If not, they might be charged with bankruptcy fraud. A person might be charged with fraud if they file for bankruptcy despite...
Understanding wage garnishment and ways to potentially stop it
Debt has been crushing the American population for several decades. It has reached a point where Americans have trouble paying it back, so some stop trying altogether. Creditors, though, need to recoup some of their losses. One tool at their disposal is wage...
What to expect when a Chapter 13 case ends
If you are struggling to pay your bills, it may be possible to file for a reorganization bankruptcy. When you file, you will be required to present a repayment plan to a Florida judge and agree to abide by that plan for up to five years. At the end of a Chapter 13...
