There are many people in Florida who have overwhelming debt. When debt problems get really bad, a lot of people are faced with the decision to file for bankruptcy or work out a debt settlement solution. There are positives and negatives to both of these choices. What...
Bankruptcy
Credit counseling to get a bankruptcy certificate
Bankruptcy is a legal means that helps consumers in Fort Lauderdale, Florida, get out of certain debts. Many people choose Chapter 7, a liquidation process, or Chapter 13, which is a repayment plan. Either way, consumers must file the initial paperwork to start the...
Don’t trust that friend request: Debt collectors and social media
Whether it is through anecdotal tales or their portrayal in entertainment media, people often build an impression of debt collection agencies that aren’t far from the truth. While there are numerous protections in place to guard consumers from threatening messages,...
Can filing for bankruptcy impact your job or job search?
Many Florida residents might find that they have to file for bankruptcy to alleviate their debt. However, this often carries a stigma. You might wonder whether your current or future job might be affected as a result. What happens when you file for bankruptcy? When...
What debts are not dischargeable in bankruptcy?
If a consumer has too much debt they can't pay, bankruptcy may allow them some relief. However, not all debts in Fort Lauderdale, Florida, can get discharged in bankruptcy. Debts in Chapter 7 and Chapter 13 bankruptcy Most filers opt to file Chapter 7, which is a...
4 common reasons why a teacher may need to file bankruptcy
Unfortunately, many factors of your life as a teacher in Florida can come together simultaneously and make it challenging to cover all your payments. If you're in this position and have had financial pressures combating you, you may need to resort to filing...
Does bankruptcy protect retirement assets?
Persons struggling financially might file for bankruptcy to protect themselves from creditors. Not all bankruptcy debt faces discharge, though. With Chapter 13 bankruptcy, the debtor must make monthly payments to creditors as part of the filing. Some Florida residents...
How the bankruptcy means test works
If people struggle to pay their debts, they have the option of filing for bankruptcy. Many individuals choose Chapter 7 because it discharges debts faster than Chapter 13. However, a person in Fort Lauderdale, Florida, must pass a means test to be able to file for...
How many people file for bankruptcy?
Anyone dealing with significant debt may wonder if others are in the same position. Florida residents file for bankruptcy for many different reasons, and Sunshine State debtors are not alone. The sheer volume of cases that enter federal bankruptcy court reveals...
Can you keep a home in bankruptcy?
When a consumer in Fort Lauderdale, Florida, sees no way out of debt, bankruptcy gives them a legal option. However, they may hesitate to file from fear of losing their home. While it is possible to keep a home in bankruptcy, it depends on various factors. Mortgage...

