If you struggle with paying your monthly bills, you are not alone. Most Americans hold some sort of debt. And 78 percent of the American workforce reports living paycheck-to-paycheck. But how much debt does the average American have?The majority of consumer debts For...
DiTocco Law Group, PLLC
Basics of the Chapter 13 bankruptcy repayment plan
For people who are in financial duress but still hold a steady source of income, Chapter 13 bankruptcy is often the best form of debt relief. In a Chapter 13 bankruptcy filing, all the debts are combined, and the debtor makes regular payments to the bankruptcy case...
Choose the right bankruptcy option for you: Chapter 7 or 13
If you're considering divorce, you need to think about what kind of divorce you want to go through. There are two primary forms of divorce that people tend to choose, either Chapter 7 bankruptcy or Chapter 13. Chapter 7 is also known as liquidation bankruptcy, while...
Who is eligible to file for bankruptcy under Chapter 7?
Sometimes, debts accumulated by an individual are so high that the only way to repay the debt and make a fresh financial start is to file for bankruptcy. Those debtors who have no or negligible income can file for liquidation bankruptcy under Chapter 7 of the...
You’re not broke, so why would you file bankruptcy?
Like most Americans, you likely have substantial debt. Whether you financed your college education, underwent serious medical treatments or have a job that does not cover all your monthly living expenses, you might feel like you are in over your head financially.While...
Provisions of the FDCPA can help stop creditor harassment
Many people in South Florida have either faced creditor harassment in the past or are facing it currently. In addition to the notices sent by creditors and collection agencies, those people have to deal with incessant telephone calls and messages, not just to...
Chapter 13 bankruptcy: Who all are eligible to file?
Individual bankruptcies are usually filed under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. As many readers in South Florida would know, a Chapter 7 bankruptcy filing requires the debtor to liquidate assets in order to repay the debts. This is a bankruptcy...
Planning bankruptcy filing? Try other debt relief methods first
Financial challenges arising out of accumulated debt are sometimes so overwhelming that many people find it difficult to cope with the pressures and force themselves into filing for bankruptcy. Bankruptcy is definitely a foolproof way of eliminating debt but a person...
Some debts that remain after Chapter 7 bankruptcy discharge
Newspapers and TV channels across the country often carry news about the debt crisis that is so prevalent in America. There are many people in South Florida too who are in the same situation. Some of those people may be planning to file for bankruptcy, or have already...
Is Bankruptcy an Option You Never Considered?
As a law firm focused on helping individuals understand their legal rights under Chapter 7 and Chapter 13 of the bankruptcy code, one of the recurring remarks we hear is that people never thought they would utilize this option. In fact, a recent article...

