Bankruptcy is a legal means that helps consumers in Fort Lauderdale, Florida, get out of certain debts. Many people choose Chapter 7, a liquidation process, or Chapter 13, which is a repayment plan. Either way, consumers must file the initial paperwork to start the...
Tony Ditocco
Can filing for bankruptcy impact your job or job search?
Many Florida residents might find that they have to file for bankruptcy to alleviate their debt. However, this often carries a stigma. You might wonder whether your current or future job might be affected as a result. What happens when you file for bankruptcy? When...
4 common reasons why a teacher may need to file bankruptcy
Unfortunately, many factors of your life as a teacher in Florida can come together simultaneously and make it challenging to cover all your payments. If you're in this position and have had financial pressures combating you, you may need to resort to filing...
How many people file for bankruptcy?
Anyone dealing with significant debt may wonder if others are in the same position. Florida residents file for bankruptcy for many different reasons, and Sunshine State debtors are not alone. The sheer volume of cases that enter federal bankruptcy court reveals...
Debts that won’t go away in bankruptcy
Filing for bankruptcy may make it possible to eliminate credit card, medical or other debt balances. In some cases, it may be possible to do so without losing assets such as your Florida home. However, there are some debts that you cannot eliminate regardless of...
Bankruptcy vs. debt settlement
Some Florida consumers who are overwhelmed with unmanageable debt hesitate to file for bankruptcy protection because of the stigma and a belief that debt settlement might be a better option. However, debt settlement has several drawbacks that you should understand...
What happens to charge-offs during bankruptcy?
If you're in the middle of financial woes and do not see a clear way out, you may be thinking about bankruptcy. One common element most people have in their bankruptcy cases are charged-off accounts. Understanding what happens with these charged-off accounts during...
Can non-profits file for bankruptcy?
Contrary to popular belief, filing for bankruptcy doesn’t mean that your company is automatically out of business. Rather, your business is fully capable of remaining in operation. This holds true even if it is a non-profit organization. What is Chapter 11 bankruptcy?...
Can you file for Chapter 13 after filing for Chapter 7?
When you file for Chapter 7 bankruptcy in Florida, you'll get the chance to discharge most of your unsecured debts. Unfortunately, Chapter 7 might not be enough. If you're still struggling with debt a few years later, you might have to file for Chapter 13. When can...
Common reasons for Chapter 13 bankruptcy dismissal
Sometimes, debts get out of a debtor's control, making them hard to pay and manage. Bankruptcy gives them an option to remove some debts by liquidation through Chapter 7. If a debtor wants to pay their debt and keep assets, Chapter 13 allows them to use a payment plan...

