On behalf of DiTocco Law Group, PLLC | Oct 15, 2020 | Bankruptcy
Bankruptcy law in Florida gives debtors as well as business owners a legal way out of debt. Chapter 7 and Chapter 13 bankruptcy are two common options, but they don’t work the same way. Since each situation differs, a business owner may qualify for one type over...
On behalf of DiTocco Law Group, PLLC | Oct 1, 2020 | Bankruptcy
A recent study indicates that the average US household has more than $15,000 in credit card debt. That amount of debt is already an alarming number, but when you consider the fact that most credit card balances add interest every month, it can become even more...
On behalf of DiTocco Law Group, PLLC | Sep 21, 2020 | Bankruptcy, Chapter 7
When an individual in Florida files for Chapter 7 bankruptcy, they’ll need to be able to prove that their reasons for filing are legitimate. If not, they might be charged with bankruptcy fraud. A person might be charged with fraud if they file for bankruptcy...
On behalf of DiTocco Law Group, PLLC | Sep 4, 2020 | Bankruptcy
Debt has been crushing the American population for several decades. It has reached a point where Americans have trouble paying it back, so some stop trying altogether. Creditors, though, need to recoup some of their losses. One tool at their disposal is wage...
On behalf of DiTocco Law Group, PLLC | Sep 3, 2020 | Bankruptcy
If you would like to file for bankruptcy without losing your Florida home or other property, it may be in your best interest to seek Chapter 13 protection. However, there may be some drawbacks to doing so, such as the fact that a Chapter 13 case can last for up to...
On behalf of DiTocco Law Group, PLLC | Jul 28, 2020 | Bankruptcy
Most people have a working knowledge of what bankruptcy is, but the intricacies of how it actually works are more confusing. While the majority of the population realizes that married couples can file for bankruptcy together and single individuals can file for...
On behalf of DiTocco Law Group, PLLC | Jul 15, 2020 | Bankruptcy
Nearly everyone will have medical expenses over their lifetime. Many of those expenses, especially the bills for preventive care, are covered by insurance. However, Florida insurance policies often require patients to pay a deductible before their plans begin to cover...
On behalf of DiTocco Law Group, PLLC | Jul 14, 2020 | Bankruptcy
For Floridians who are facing overwhelming debt, bankruptcy is a viable strategy to get into a better financial position. Often, people resist bankruptcy because they are fearful of what it entails. That includes the prospect of surrendering certain properties like a...
On behalf of DiTocco Law Group, PLLC | Jun 23, 2020 | Bankruptcy
Individuals in Florida and throughout the country who have a debt balance forgiven may have to pay taxes on the amount that they no longer owe. An exception may be made in the event that a debtor is insolvent or if a debt was discharged through bankruptcy. In many...
On behalf of DiTocco Law Group, PLLC | Jun 9, 2020 | Bankruptcy
Many Florida residents are struggling under the weight of medical debt. When one owes a lot of money because of a medical bill, bankruptcy could be an advantageous option. Medical debt is a large problem in the country as many receive surprise hospital bills after...
