Owing money to the Internal Revenue Service is not something many Florida taxpayers wish to experience. Federal law affords options to people who owe taxes, including extensions and payment plans. However, some taxpayers may be entirely unable to pay the amount they...
Bankruptcy
Which debt relief option will work best for you?
No matter how hard you work, you may find yourself suddenly unable to manage all of your bills. A sudden medical expense, reduced work hours or a vehicle breaking down often create financial emergencies. Faced with these financial disasters, people in Florida may need...
Bankruptcy myths prevent many debtors from filing
Some Florida residents hesitate to file for bankruptcy for various reasons. Many of their fears are unfounded because of common myths surrounding this legal procedure. Don't let these myths prevent you from getting the debt relief you need. Bankruptcy filings are...
How to keep your vehicle in a Chapter 7 bankruptcy
Many Florida residents file Chapter 7 bankruptcy out of need when they are overwhelmed by their financial obligations, and this often puts the debtor's vehicle in jeopardy of , or confiscation. Property that is paid off and clear of liens can be seized and sold by a...
Bankruptcies increased in August 2022
Individuals and businesses in Florida might find themselves struggling financially. Trends show that others across the United States are dealing with debt burdens, as evidenced by a growing number of bankruptcy filings. Hard data about 2022 bankruptcy filings...
Learning how bankruptcy works
Some confusion exists about what bankruptcy entails. While most people realize that bankruptcy presents a solution for persons struggling with crippling debt, they might not know how the process works or who is eligible. In general, debtors may find filing for...
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...
Why do so many people fear filing for bankruptcy?
Bankruptcy has long held a stigma among many residents of Florida and other areas. There are a variety of reasons why people fear filing, even when it’s necessary and could help them. Why do people fear bankruptcy? People often have a misconception about bankruptcy...
How to redeem your car during a Chapter 7 bankruptcy
Filing for Chapter 7 bankruptcy in Florida means meeting certain conditions. One of the things that many people are concerned about is the possibility of having to surrender their home or vehicle. They are worried that this may be deemed necessary in order to meet the...
Considerations about debts and bankruptcy
Debts might cause tremendous financial problems for those unable to meet their obligations. A health crisis or job loss could leave a Florida resident struggling to deal with past-due bills and collection letters. Filing for bankruptcy might provide a way to solve the...