While living with some form of debt is normal in today's society, life can get difficult when one's debt grows and consumes most or all available funds. Consumer debt is a major issue. However, it is not the only major source of debt plaguing individuals and families...
DiTocco Law Group, PLLC
Can bankruptcy eliminate student debt?
With holiday shopping in full swing, many are more self-aware of their spending and current debts. Credit card debt can create many burdens, but this is not the only type of debt that can weigh a person down for a long duration. More significant debt, such as a...
Seven key reasons to file for bankruptcy
While California tops the list for the highest number of bankruptcies in a state, the state of Florida comes in second. On average, around 94,000 individuals in Florida file for bankruptcy each year. This is a large number of people dealing with financial troubles....
What is an automatic stay in bankruptcy and how does it help?
Individuals who are deep in debt might get tired of the constant collection attempts they face for past due bills. These creditors are sometimes so persistent that the methods they use border on harassment. When this happens, getting those efforts to stop might become...
Guiding you through a Chapter 7 bankruptcy
Dealing with financial issues is anything but desirable. However, it is a life event often experienced by individuals in Florida and elsewhere. While it is possible to overcome these debt problems on your own, the reality is that when credit card bills, medical debt,...
Options for business owners in financial distress
As this blog has discussed, families and individuals in Florida may suddenly find themselves overwhelmed by debt for a number of different reasons. For instance, a job loss or a medical emergency can mean that a family who was staying afloat suddenly needs financial...
Medical debt is a common reason to consider bankruptcy
For many years, bankruptcy was one of those subjects that most people simply did not want to think about, much less talk about openly. Fortunately, that is changing, and this change couldn't come a moment too soon. As public opinion about bankruptcy changes, more...
What is an exemption and how does it work?
Those in South Florida who are running into financial trouble may hesitate to file for bankruptcy for a number of reasons.Aside from a sense of embarrassment or emotional distress, many may worry that, by filing bankruptcy, they will have give up a lot of their...
Number of Florida bankruptcies is on the rise
Although unemployment remains low and wages continue to rise, the number of people in Florida who are filing for bankruptcy is on the uptick. According to numbers reported by a major Florida media outlet, bankruptcy filings have increased by 11 percent across the...
Chapter 7 and Chapter 13: differences between the two
South Florida residents would be aware that the two most common methods of filing for bankruptcy are under Chapter 7 and Chapter 13 of the United States Bankruptcy Code. While both of these methods are established debt relief methods, there are several differences...

