Most people cannot afford to buy a vehicle outright when they need transportation. Financing new and used vehicle purchases is standard practice. Even people with questionable credit history can qualify for vehicle financing because the vehicle serves as collateral....
Chapter 13
How is debt negotiation different from Chapter 13?
If you have a considerable amount of debt, you are familiar with that tight feeling in your chest and feeling like you can barely breathe. Every day, you're staring at your bills, trying to figure out how to pay your creditors and still put food on the table for your...
The possibilities of getting a personal loan while on Chapter 13
There may come a time when you want or need something that will cost a bit more than what you have available to you at the time. If you’ve gone through the Chapter 13 bankruptcy proceedings, you probably think you aren’t eligible to get a personal loan. You might be...
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...
Explaining a Chapter 13 cramdown
Thousands of Florida residents declare bankruptcy each year. Whether it be struggles with a business, unexpected medical expenses or other debts getting out of control, bankruptcy represents a last resort for getting your finances back on track. The bankruptcy process...
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...
Is a wage earner’s plan an option for you in Florida?
The wage earner's plan, also known as a Chapter 13 bankruptcy, is a possibility in Florida. You would be able to restructure your debts and prevent creditors from bothering you for five years. Keep your home A Chapter 13 bankruptcy gives you the possibility of keeping...
Can you lower or cancel your Chapter 13 payments in Florida?
If you have a Chapter 13 bankruptcy repayment plan and struggle to meet your obligations, you can ask the court to modify your agreement. Most Chapter 13 plans pay out in three to five years, so you might have room to stretch your payments. The bankruptcy court judge...
Common reasons for Chapter 13 bankruptcy dismissal
Sometimes, debts get out of a debtor's control, making them hard to pay and manage. Bankruptcy gives them an option to remove some debts by liquidation through Chapter 7. If a debtor wants to pay their debt and keep assets, Chapter 13 allows them to use a payment plan...

