Chapter 13

If an individual is having trouble managing their debts, they can file for bankruptcy as a last resort. Filing for Chapter 13 bankruptcy in Florida gives an individual the chance to pay off their debts over a period of three or five years. If a leased vehicle is part...

If you are struggling to pay your bills, it may be possible to file for a reorganization bankruptcy. When you file, you will be required to present a repayment plan to a Florida judge and agree to abide by that plan for up to five years. At the end of a Chapter 13...

If you are going to file for Chapter 13 bankruptcy in Florida or most other states, you must submit a payment plan as part of the application. In some cases, you'll have 15 days from filing for reorganization bankruptcy to do so. Understanding the different types of...

Families in Florida and elsewhere work hard to provide for their family. And when financial problems arise, this does not cause them to stop. Whether it is growing medical debt, unemployment or an accident, financial hardships can hit a family hard, sometimes causing...

A previous post on this blog talked about how bankruptcy may be an important and even necessary step for Florida businessowners to take should they run into financial hardships. This post specifically talked about how Chapter 7 bankruptcy, in which a businessowner...

This blog has discussed the difference between Chapter 13 and Chapter 7, which are the two types of bankruptcy most private residents of South Florida would file should they get into financial distress.Each type of bankruptcy has its advantages and disadvantages. In...

For people who are in financial duress but still hold a steady source of income, Chapter 13 bankruptcy is often the best form of debt relief. In a Chapter 13 bankruptcy filing, all the debts are combined, and the debtor makes regular payments to the bankruptcy case...

Individual bankruptcies are usually filed under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. As many readers in South Florida would know, a Chapter 7 bankruptcy filing requires the debtor to liquidate assets in order to repay the debts. This is a bankruptcy...