Filing bankruptcy can be a long and sometimes complicated process. A lot of factors can impact the length and duration of your bankruptcy proceedings, like the type of bankruptcy you filed and the assets you own. If you filed a bankruptcy in the state of Florida...
Filing Chapter 13 bankruptcy after Chapter 7 bankruptcy
Filing for bankruptcy in Florida or another state is never a decision to take lightly. However, it can be a good option to start over fresh with your finances if you cannot settle your debts in any other way. You may wonder if you can convert your bankruptcy by filing...
An overview of business bankruptcy
Businesses in Florida can face overwhelming debt, and the owners might consider filing bankruptcy. Bankruptcy is a legal process that allows businesses to get relief from some debts. The process works similar to individual debtors with some variations. Chapter 7 for...
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...
Is Chapter 13 bankruptcy right for you?
Florida residents who have found themselves under a massive load of debt with no way out may consider bankruptcy. While this type of financial move should never be taken lightly, it can be a necessity for some people. There are many different types of bankruptcies out...
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...
Debt collectors will soon have more ways to contact you
If you owe money to a mortgage lender, credit card company or Florida hospital, you'll likely be obligated to repay that debt in monthly installments. In the event that you stop making payments, the balance might be sold to a collection agency. Typically, debt...
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?...
Should you consider bankruptcy?
When you start to feel overwhelmed by your debts, bankruptcy may be one of the first options that you think of. In reality, bankruptcy is only one of many methods for getting rid of debts. It's a good idea to understand what's involved in the bankruptcy process so...
