Dealing with financial issues is anything but desirable. However, it is a life event often experienced by individuals in Florida and elsewhere. While it is possible to overcome these debt problems on your own, the reality is that when credit card bills, medical debt,...
Chapter 7
Options for business owners in financial distress
As this blog has discussed, families and individuals in Florida may suddenly find themselves overwhelmed by debt for a number of different reasons. For instance, a job loss or a medical emergency can mean that a family who was staying afloat suddenly needs financial...
What is an exemption and how does it work?
Those in South Florida who are running into financial trouble may hesitate to file for bankruptcy for a number of reasons.Aside from a sense of embarrassment or emotional distress, many may worry that, by filing bankruptcy, they will have give up a lot of their...
Who is eligible to file for bankruptcy under Chapter 7?
Sometimes, debts accumulated by an individual are so high that the only way to repay the debt and make a fresh financial start is to file for bankruptcy. Those debtors who have no or negligible income can file for liquidation bankruptcy under Chapter 7 of the...
Some debts that remain after Chapter 7 bankruptcy discharge
Newspapers and TV channels across the country often carry news about the debt crisis that is so prevalent in America. There are many people in South Florida too who are in the same situation. Some of those people may be planning to file for bankruptcy, or have already...