Filing for bankruptcy may result in the loss of a Florida home, a vehicle or other assets. However, it may also eliminate credit card, medical or other debt balances that may be stopping you from creating a stronger financial future. Let's take a closer look at why...
What to know about your repayment plan
If you file for Chapter 13 bankruptcy in Florida, you will be required to make payments to creditors for a period of three or five years. The amount that you are required to repay each month is based on the type of debts that you have and the amount of disposable...
Can you lower or cancel your Chapter 13 payments in Florida?
If you have a Chapter 13 bankruptcy repayment plan and struggle to meet your obligations, you can ask the court to modify your agreement. Most Chapter 13 plans pay out in three to five years, so you might have room to stretch your payments. The bankruptcy court judge...
Can landlords evict tenants who file Chapter 7?
Bankruptcy is a legal way for consumers in Fort Lauderdale, Florida, to remove some unsecured debts. However, landlords may wonder if they can evict a tenant who files for bankruptcy. When Chapter 7 bankruptcy stops an eviction Before the new bankruptcy laws in 2005,...
How the automatic stay works in bankruptcy
Bankruptcy allows a consumer in Fort Lauderdale, Florida, to remove some unsecured debts legally. The most common bankruptcy types are liquidation under Chapter 7 and repayment under Chapter 13. While they differ, all bankruptcy types have the automatics stay in...
What to know about credit card debt
If you are unable to pay your credit card debt, it may be in your best interest to consider filing for Chapter 7 bankruptcy. Submitting a bankruptcy petition to a Florida judge may entitle you to an automatic stay. Let's take a look at the other potential benefits of...
Tips for dealing with credit card debt
If you are struggling to stay current on your credit card accounts, it may be a good idea to consider filing for bankruptcy. However, there may be other methods of paying down your outstanding balances without having to appear before a Florida judge. Let's take a look...
What is an automatic stay and how does it work?
The idea of filing for bankruptcy can be scary for some Florida residents, but it might be necessary. The debtor might feel some relief once the automatic stay goes in place. You should know what this means. What is an automatic stay? After a person files for...
Should you file for Chapter 7 or Chapter 13 bankruptcy?
Florida residents dealing with overwhelming debt might want to consider bankruptcy. If you're looking at your options, you should know whether it's better to file Chapter 7 or Chapter 13. What is Chapter 7 bankruptcy? Chapter 7 bankruptcy allows you to discharge your...
Choosing between debt settlement and bankruptcy
There are many people in Florida who have overwhelming debt. When debt problems get really bad, a lot of people are faced with the decision to file for bankruptcy or work out a debt settlement solution. There are positives and negatives to both of these choices. What...
