Chapter 7 and Chapter 13 bankruptcy are a few methods to help resolve debt obligations. Filing for bankruptcy can mean major life changes, which is why many people are hesitant to file. It can help to ask the following questions as you consider whether it’s time to...
Fort Lauderdale Bankruptcy Blog
Demystifying consumer bankruptcy with 4 little-known facts
A Chapter 7 or Chapter 13 bankruptcy filing allows consumers to start fresh with a better understanding of financial matters. Unfortunately, bankruptcy carries an undeserved stigma that deters some from considering it an acceptable debt relief option. Try to look at...
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...
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...
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...
Medical debt and credit score troubles
Medical debt could bring both unexpected and enormous expenses. An uninsured or underinsured person may face immediate medical bills, rehabilitation costs, and more to treat a condition. Mounting debt and subsequent adverse credit reporting could cause significant...
What to do when you’re behind on your mortgage
Failing to make mortgage payments on your Florida home could result at the very least in collection calls or letters. It could also result in late fees or other financial penalties that can make it even harder to stay current on your loan. Depending on the terms of...
What is a bankruptcy certificate?
Florida residents who file for bankruptcy to escape unmanageable financial situations are required to attend credit counseling sessions before they file their Chapter 7 or Chapter 13 petitions. They are also required to complete a debtor education course after their...
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...