Filing for bankruptcy may result in the loss of a Florida home, a vehicle or other assets. However, it may also eliminate credit card, medical or other debt balances that may be stopping you from creating a stronger financial future. Let's take a closer look at why...
Month: April 2022
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What to know about your repayment plan
If you file for Chapter 13 bankruptcy in Florida, you will be required to make payments to creditors for a period of three or five years. The amount that you are required to repay each month is based on the type of debts that you have and the amount of disposable...
The good and the bad of filing Chapter 7 bankruptcy
Bankruptcy is a legal proceeding that allows consumers to remove some unsecured debts. Most consumers in Florida choose Chapter 7, but there are pros and cons. The cons of Chapter 7 One con of Chapter 7 bankruptcy is that the consumer must sell nonexempt assets, such...