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...
Month: February 2021
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Strategies for paying down credit card debt
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...
Qualifications for Chapter 7 bankruptcy
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...