Being in debt can feel overwhelming, and the way out is not always clear. If you’re unable to pay off your debts, what are your options? One option you may have is to arrange repayment plans with creditors. This means that rather than paying lump sums to settle the...
Fort Lauderdale Bankruptcy Blog
Common reasons why your bankruptcy petition may be denied
Bankruptcy can be a welcome relief when you are struggling with debt. When you are caught in a debt that cannot be forgiven or written off, then you may consider filing for personal bankruptcy. However, it is not uncommon for the court to deny a bankruptcy petition....
What’s a debt cycle, and how can you get out of one?
Financial challenges are an unfortunate reality for many. One such daunting situation is a debt cycle, an overwhelming loop that traps individuals in a relentless struggle to meet their financial obligations. The journey into a debt cycle often begins with a...
What will happen to my investments if I file for bankruptcy?
Personal bankruptcy is often the last line of protection for those struggling with major financial challenges. Whether a professional lost their job unexpectedly or someone had massive unanticipated medical costs, their debts may exceed their ability to pay. Creditors...
Think of bankruptcy as a fresh start
Many people tend to think of filing for bankruptcy as a personal failing. In fact, this is why some people refuse to do it. Bankruptcy could clearly help them, but they think it’s a sign that they have made financial mistakes and/or they feel bad using bankruptcy to...
Is it the right time to file for bankruptcy?
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...
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...

