Everyone faces medical issues in his or her life to some degree. Unfortunately, the issues become even more stressful when it extends to family budgets. In many instances, insurance companies design their coverage to force a patient into a repayment situation with the...
Small businesses and bankruptcy
As a small business owner in Florida, you understand the risks of putting everything on the line to ensure that your company can thrive. Unfortunately, the chances of a small business making it past five years are not too high. When they run into trouble, business...
Possible relief for student loans in the near future
Student loan debt is a large burden for many South Florida residents. Even after earning a prestigious degree, some student loan borrowers struggle to keep up with their repayment obligations. Recently, a bill was introduced that may provide some relief for student...
What to know about bankruptcy and liquidation
Generally speaking, if a company is going through a bankruptcy or a liquidation, it means that the organization is in financial peril. In some cases, these moves are made in an attempt to pay creditors before going out of business. However, it is important to note...
Life after bankruptcy: How to apply for a mortgage loan
Although bankruptcy in Florida can certainly help you ease up your financial obligations, the fact is that serious consequences also come with it. One of the most common issues people who file for bankruptcy will face is having a difficult time being approved for a...
What to know about declaring bankruptcy
Consumers who have large debts could try negotiation with creditors. If they see no way of paying those debts, bankruptcy in Florida could be an option. Bankruptcy legally erases certain debts, but it often comes with consequences. Understanding how bankruptcy works...
How bankruptcy works for independent business owners
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 the...
Beating credit card debt
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...
What constitutes a legitimate bankruptcy
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 despite...
Understanding wage garnishment and ways to potentially stop it
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...
