Florida residents with poor credit scores are rarely offered attractive interest rates when they obtain credit cards , and they may even find renting an apartment or purchasing auto insurance more difficult. If your credit score is low because you have not borrowed...
Fort Lauderdale Bankruptcy Blog
When should you file for bankruptcy?
Florida residents dealing with sizable debt often don’t know where to turn. For some, there are practical solutions to alleviate the financial burden. However, others may not be so lucky and see no end in sight. In that case, bankruptcy might be the best option....
An overview of the automatic stay
The moment you file a bankruptcy petition with a Florida court, you will be granted an automatic stay against most creditor collection activities. The stay generally remains in place for the duration of the proceeding unless there is a valid reason to remove it. How...
What to know about debt consolidation
If you are having trouble keeping track of multiple debt payments, it may be time to consolidate existing balances. Consolidating existing debts into a single payment minimizes the risk that you miss a payment. Furthermore, it may reduce the interest that you pay to...
How does proof of claim work in a Chapter 13 bankruptcy?
When debtors go through a Chapter 13 bankruptcy in Florida, creditors need to submit proof of claim to receive debt repayment. Creditors can print out form 410 from the US Courts Bankruptcy Forms page. Lien rights Secured creditors retain lien rights to keep the...
Can all of my debts be eliminated by a bankruptcy?
Not all of your debts can be eliminated by in bankruptcy. However, since the process is not a one-size-fits-all answer to debt issues, it's essential for Florida residents to understand the details so they can plan their finances accordingly. Filing for bankruptcy can...
Settling tax debts with the IRS
Owing money to the Internal Revenue Service is not something many Florida taxpayers wish to experience. Federal law affords options to people who owe taxes, including extensions and payment plans. However, some taxpayers may be entirely unable to pay the amount they...
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...
Which debt relief option will work best for you?
No matter how hard you work, you may find yourself suddenly unable to manage all of your bills. A sudden medical expense, reduced work hours or a vehicle breaking down often create financial emergencies. Faced with these financial disasters, people in Florida may need...
Basics of Chapter 13 bankruptcy
For people in Florida who have regular income but who are struggling to keep up with bills and payments, Chapter 13 bankruptcy may offer relief. With a Chapter 13 bankruptcy, also sometimes referred to as a wage-earner's bankruptcy, the filer's debts are reorganized...

