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...
Bankruptcy
The limits of Chapter 7 bankruptcy
Thousands of Florida residents struggle with debt and financial issues, and sometimes there's simply no way out or the debt spiral. In those cases, bankruptcy may be the best option for resetting your personal finances. But if you're contemplating bankruptcy, it's...
Is debt settlement a viable option for financial challenges?
Florida consumers who are struggling with their financial obligations could feel caught in the middle. Fortunately, there are strategies that could be effective to address their situation. One that is frequently advertised is debt settlement. What are the positives...
How to negotiate credit card debt
Thousands of Florida residents struggle with credit card debt. That’s certainly no surprise as reports indicate that credit card debt is the most common type of debt among Americans. Many people don’t realize that credit card debt is negotiable, and understanding the...
CFPB report warns consumers about medical debt financing
Many Florida residents are struggling to cope with medical debt. Unmanageable doctor and hospital bills are the leading cause of personal bankruptcy in the United States, and about $88 billion in medical debt has been placed for collection. Advocacy groups and...
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...
What happens when you file for Chapter 7 bankruptcy?
At some point, many Florida residents have to deal with debt. Although some may find it easy to settle, others can struggle and have no choice but to file for bankruptcy. Chapter 7 is one of those options; this is what to expect when filing. Chapter 7 bankruptcy...
Top 4 reasons for bankruptcy
Most people who make the difficult decision to file for bankruptcy protection do so for a variety of reasons. While making sound financial decisions certainly helps people avoid bankruptcy, there are instances in which people go bankrupt through no fault of their own....
Negotiating with Florida lenders
A resident in Florida might improve their financial situation by negotiating with their lenders. This is because lenders are often willing to negotiate with customers in financial distress. Negotiating is possibly a win-win situation for everyone involved. The...
Will my debt be discharged by a bankruptcy?
One issue plaguing many Florida residents is credit card debt. As credit card debt racks up, it can be hard to see a future in which you are debt free again. Many may believe their only path forward is to declare bankruptcy. However, before you make that serious...