Many Florida residents file for Chapter 7 bankruptcy when their debt becomes unmanageable. Are you considering doing so? If so, you should understand what it means to get a Chapter 7 discharge. What is a Chapter 7 discharge? The discharge in Chapter 7 bankruptcy is a...
Chapter 7
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 repossession or confiscation. Property that is paid off and clear of liens can be seized and...
How can you qualify for Chapter 7 bankruptcy?
Many Florida residents struggle with debt they find unmanageable. In this situation, you might want to file for Chapter 7 bankruptcy. However, you need to know how to qualify. Understanding Chapter 7 bankruptcy With Chapter 7 bankruptcy, individuals with debt can get...
Get to know Florida bankruptcy exemptions
Florida is a state with its own unique set of bankruptcy exemptions. These are designed to let you create a workable payment plan. They can also help you keep as much of your property as possible. These are exemptions that you are expected to make use of if you file...
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...
Understanding the means test for Chapter 7 bankruptcy
Filing for Chapter 7 bankruptcy in Florida doesn't need to be a complex process. You should already have a good idea of what you expect the results to be. Once you have a clear goal in mind, the actual process is fairly simple. There are a few tests you will need to...
The good and the bad of filing Chapter 7 bankruptcy
Bankruptcy is a legal proceeding that allows consumers to remove some unsecured debts. Most consumers in Florida choose Chapter 7, but there are pros and cons. The cons of Chapter 7 One con of Chapter 7 bankruptcy is that the consumer must sell nonexempt assets, such...
Can landlords evict tenants who file Chapter 7?
Bankruptcy is a legal way for consumers in Fort Lauderdale, Florida, to remove some unsecured debts. However, landlords may wonder if they can evict a tenant who files for bankruptcy. When Chapter 7 bankruptcy stops an eviction Before the new bankruptcy laws in 2005,...
What to know about credit card debt
If you are unable to pay your credit card debt, it may be in your best interest to consider filing for Chapter 7 bankruptcy. Submitting a bankruptcy petition to a Florida judge may entitle you to an automatic stay. Let's take a look at the other potential benefits of...
Should you file for Chapter 7 or Chapter 13 bankruptcy?
Florida residents dealing with overwhelming debt might want to consider bankruptcy. If you're looking at your options, you should know whether it's better to file Chapter 7 or Chapter 13. What is Chapter 7 bankruptcy? Chapter 7 bankruptcy allows you to discharge your...