Ideally, you will take steps to both build an emergency savings fund and pay down your debt as soon as possible. However, it is important to note that not all debts are created equal. In most cases, it is better to focus on paying off lenders in Florida or elsewhere...
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Strategies to clear overwhelming debt include bankruptcy
Floridians who are confronted with overwhelming debt will consider many options to improve their circumstances. While bankruptcy is a definite alternative, some will try other strategies first. Regardless of how the person tries to get on stronger financial ground, it...
How creditors can protect their rights in a bankruptcy case
If an individual decides to declare bankruptcy, that person's creditors may be asked to file proofs of claim. A proof of claim document will indicate how much a creditor is owed as well as whether the debt is secured or unsecured. Creditors will also need to confirm...
Bankruptcy may not be a disqualifying employment event
A Florida bankruptcy filing may not be as bad for employment prospects as originally thought. New research shows that bankruptcy in one's credit history may not materially impact their chances of being able to find a job or even keeping the one that they already have....
More older Americans filing for bankruptcy
In Florida and across the country, a growing number of Americans over 55 are filing for bankruptcy, while the rate is increasing even more quickly for those 65 and older. Since 1991, the number of people in this demographic seeking a fresh financial start has gone up...
What to know about Chapter 13 repayment plans
If you are going to file for Chapter 13 bankruptcy in Florida or most other states, you must submit a payment plan as part of the application. In some cases, you'll have 15 days from filing for reorganization bankruptcy to do so. Understanding the different types of...
The consequences of ignoring an automatic stay
When Florida consumers file Chapter 7 or Chapter 13 bankruptcy petitions, what is known as an automatic stay is issued. This is a court order that requires creditors to put an immediate halt to all of their collection efforts. Automatic stays put an end to daily...
Should you file personal bankruptcy?
If you are a Florida professional or business owner who is experiencing cash flow problems, you could consider filing for bankruptcy, especially if you are having challenges making ends meet. You may worry about the possible stigma as well as your family’s future, but...
Credit can be rebuilt after a bankruptcy filing
There is little question that a Florida bankruptcy will have an impact on one's credit history and score. However, the good news is that bankruptcy is not the end of the line for credit. It can be rebuilt after bankruptcy when one has a conscious strategy to do so....

