Filing for Chapter 7 bankruptcy can inspire significant concerns for individuals who are worried about the fate of their property. The thought of losing one's home, car or personal belongings can be daunting. Thankfully, understanding the ins and outs of Chapter 7...
Chapter 7
What is the Chapter 7 means test?
If you are considering filing for personal bankruptcy in Florida, you have two primary choices: Chapter 7 or Chapter 13. Chapter 7 bankruptcy requires you to qualify through the means test. Not everyone qualifies for Chapter 7, but they can still file a Chapter 13...
How do I know if I qualify for Chapter 7 bankruptcy?
Filing a Chapter 7 bankruptcy petition in Florida can help you manage overwhelming debt, but you must meet specific qualifications. The following points will help you understand who can qualify and a few issues that might disqualify you from a successful filing. The...
5 myths about bankruptcy
In Florida, individuals needing financial assistance to get out of their debt should not be afraid to file for bankruptcy. However, many people balk at the mention of bankruptcy because of the various myths surrounding financial assistance. Five myths about bankruptcy...
Chapter 7 income limits and other considerations
In Florida, individuals considering Chapter 7 bankruptcy may have several questions, including understanding income limits that may deem them ineligible for a Chapter 7 filing. Regardless of your income, you can file for bankruptcy. However, the court may not approve...
The limits of Chapter 7 bankruptcy
Thousands of Florida residents struggle with debt and financial issues, and sometimes there's simply no way out or the debt spiral. In those cases, bankruptcy may be the best option for resetting your personal finances. But if you're contemplating bankruptcy, it's...
What happens when you file for Chapter 7 bankruptcy?
At some point, many Florida residents have to deal with debt. Although some may find it easy to settle, others can struggle and have no choice but to file for bankruptcy. Chapter 7 is one of those options; this is what to expect when filing. Chapter 7 bankruptcy...
Will my debt be discharged by a bankruptcy?
One issue plaguing many Florida residents is credit card debt. As credit card debt racks up, it can be hard to see a future in which you are debt free again. Many may believe their only path forward is to declare bankruptcy. However, before you make that serious...
What is a Chapter 7 discharge?
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...
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...