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Understanding Automatic Stays in Chapter 7 & Chapter 13 Bankruptcy

When you file for Chapter 7 or Chapter 13 bankruptcy, an automatic stay is enacted immediately after filing. An automatic stay prohibits collectors and creditors from contacting you and requesting payment for past-due bills. Federal bankruptcy laws dictate that when an automatic stay is in…

When is it Time to File for Bankruptcy?

If you’re facing financial difficulties, it may be hard to determine when enough is enough. Many people are unsure when to file for bankruptcy and delay it. However, each month that goes by with unpaid bills makes circumstances worse. It’s best to file for bankruptcy…

what happens to your credit during bankruptcy?

One myth about filing for bankruptcy is that it will ruin your reputation, your credit, and your future. However, bankruptcy often provides the fresh start you need when you cannot get out of debt. If you’re considering filing for bankruptcy, you need to understand how…

What is Non-Dischargeable Debt When Filing for Bankruptcy?

When you file for bankruptcy, there are particular debts that you aren’t responsible for once you’ve filed. These debts are referred to as “dischargeable” debts. However, some debts do not go away after filing for bankruptcy. These types of debts are referred to as “non-dischargeable.”…

How to Answer Questions Your Family May Ask About Bankruptcy

Bankruptcy can sound intimidating, especially for family members unfamiliar with filing for bankruptcy. The misconceptions about bankruptcy and its cultural stigma make it a difficult topic to discuss, even with close family and friends. However, having open discussions with curious family members will help shed…

The Florida Bankruptcy Process — Explained

Filing for bankruptcy helps you reduce debts and undo contracts between you and creditors like credit card companies, mortgage and loan lenders, and medical bill collectors when you cannot make payments. If you can’t pay your monthly bills, are behind on house or car payments,…

How Much Does It Cost to File for Bankruptcy in Florida?

Bankruptcy is stressful and frustrating, but it’s often the best decision you can make for your financial future. If faced with what seems like an insurmountable cost in debt, bankruptcy is the best way to find a solution that resets your money management and secures…

What are exemptions in the bankruptcy process?

Bankruptcy can impact your life in a variety of ways. For many people, this is the only way that they can get control over their finances. There are a few things that people need to think about when they’re considering filing for bankruptcy. One thing…

Never assume bankruptcy is your fault

When you talk to people who could certainly benefit from filing for bankruptcy but are still hesitant to take that step, the reason for their hesitation is often that they think the whole situation is their own fault. They feel that they brought it upon…

Is my family a factor when filing for bankruptcy?

Knowing you are in an overwhelming amount of debt is stressful. While you may have moments where you think you can get back on top, there are times when you need help with your debt. When you are supporting a family, finding relief from your…

Debts you cannot discharge using bankruptcy in Florida

Being in debt can give you sleepless nights. If you are overwhelmed by debt, one of the options you may consider is declaring bankruptcy. At the very basic, bankruptcy is a legal process that allows individuals and businesses struggling with debt to find relief. However,…

Can you go to jail for your unpaid debts?

When you borrow money or receive services without paying upfront, you have a legal obligation to the creditor. If you fail to make good on that obligation by paying them back, they might ultimately need to take legal action against you. Often, before you find…

Changes in the law could help discharge student loans

Student loans have long been an issue for many people. They are usually not dischargeable in bankruptcy, so those who struggle to pay them find themselves dealing with debts that continue to grow and harassment from collections agents who want to get paid. Interestingly, the…

Can filing for bankruptcy affect my job prospects?

One reason why some people hesitate to file for bankruptcy is that they fear it might make them unemployable. Businesses sometimes run credit checks on applicants, as do those considering promoting a current employee. A Chapter 13 bankruptcy will typically stay on your credit report for seven…

Personal injury claims and bankruptcy in Florida: What to know

What happens in Florida when a personal injury lawsuit and a bankruptcy petition collide? This is a common problem for a lot of folks who find themselves in a financially difficult situation following a car crash or another accident. Understanding your rights and obligations isn’t…

Which bankruptcy is better for you: Chapter 7 or Chapter 13?

You know you probably need to file for bankruptcy, but the whole process seems confusing and intimidating — especially when you’re trying to decide whether Chapter 7 or Chapter 13 is right for your situation. Learning a little more about the differences between the two can help…

Can I discharge my student debt if I declare bankruptcy?

If you are suffering from financial distress caused by your student debt, you are not alone. Many Americans have a considerable amount of debt that they cannot pay without a severe struggle, which is why some seek help from the bankruptcy system. As a rule,…

Do creditors have a way to prevent you from discharging their debt in bankruptcy?

Individuals who find themselves owing more each month than what they can afford to pay file bankruptcy to reduce their debt obligations. Creditors must stop trying to aggressively collect debts from the moment you file your case. While the bulk of your unsecured debts are eligible…

Are you a retailer who is trying to save your company?

Retailers have rarely seen a worse environment for success. With no tourism, virtually no in-store traffic and no further stimulus to tide people over, things look grim. Still, you may be holding out, hoping things will turn around by the end of the year. Many…

Does a Notice of Garnishment Hearing Eliminate all Your Options?

As you continue to deal with the ever-mounting debt that you have accumulated, it may feel as though you can physically feel the weight of these debts. Having outstanding balances can lead to quite a bit of stress and even if you want to get…

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