Bankruptcy can be a welcome relief when you are struggling with debt. When you are caught in a debt that cannot be forgiven or written off, then you may consider filing for personal bankruptcy. However, it is not uncommon for the court to deny a bankruptcy petition....
Bankruptcy
What’s a debt cycle, and how can you get out of one?
Financial challenges are an unfortunate reality for many. One such daunting situation is a debt cycle, an overwhelming loop that traps individuals in a relentless struggle to meet their financial obligations. The journey into a debt cycle often begins with a...
What will happen to my investments if I file for bankruptcy?
When facing serious financial difficulties, many people find that their last line of protection is personal bankruptcy. Whether a professional lost their job unexpectedly or someone had massive unanticipated medical costs, their debts may exceed their ability to pay....
Getting a new car in Florida while in Chapter 13
It takes roughly three to five years to complete a Chapter 13 bankruptcy in Florida. During this time, your car may develop problems that may be more expensive to repair than just getting or leasing a new one. The good thing is that a bankruptcy judge may allow you to...
How do I know if I qualify for Chapter 7 bankruptcy?
Filing a Chapter 7 bankruptcy petition in Florida can help you manage overwhelming debt, but you must meet specific qualifications. The following points will help you understand who can qualify and a few issues that might disqualify you from a successful filing. The...
IRS tax debt settlement in Florida
Owing the IRS money is one of the most stressful experiences a person can have. They have powerful tools to collect unpaid taxes and won't hesitate to use them if you don't take action. In some cases, it may be possible for taxpayers in Florida to qualify for relief...
Chapter 7 Income limits and other considerations
In Florida, individuals considering Chapter 7 bankruptcy may have several questions, including understanding income limits that may deem them ineligible for a Chapter 7 filing. Regardless of your income, you can file for bankruptcy. However, the court may not approve...
Does bankruptcy affect child support in Florida?
Child support ensures that families in Florida can maintain a standard of living after a divorce. However, some continue to struggle with financial problems, which could mean filing for bankruptcy to receive a fresh financial start. Child support laws in Florida In...
How does proof of claim work in a Chapter 13 bankruptcy?
When debtors go through a Chapter 13 bankruptcy in Florida, creditors need to submit proof of claim to receive debt repayment. Creditors can print out form 410 from the US Courts Bankruptcy Forms page. Lien rights Secured creditors retain lien rights to keep the...
Obtaining certificates to complete the bankruptcy process
Prior to filing for bankruptcy in a Florida court, you'll need proof that you've completed a credit counseling course, and prior to obtaining a discharge in your case, you'll need to show that you have completed a debtor education course. The court will need to see...

