Category Archives: Bankruptcy

Home
-
Blog
-
Bankruptcy

What is a 341 Meeting?

Bankruptcy is a complex process and can be stressful for those in debt, as the future becomes unclear and uncertain. A key component in a bankruptcy case is the 341 meeting, which is often the last step before discharging debt. This meeting is an opportunity for…

How to Discharge Taxes in Bankruptcy

For those who find themselves in insurmountable debt, bankruptcy is often the last resort option in order to restart. But with bankruptcy comes many rules, nuances, and confusing elements that can leave the debtor feeling stressed. This stress can intensify if the debtor has incurred tax…

Attorney Fees and Bankruptcy: What you Need to Know

Bankruptcy can leave people feeling vulnerable, scared, and uncertain about their future. In a time of so many questions and financial sensitivity, navigating through bankruptcy can be a daunting task. This is why many people facing bankruptcy opt to hire an experienced bankruptcy attorney. But with…

Paying taxes on debts that are forgiven or cancelled

Paying taxes on debts that are forgiven or cancelled is a concern on the minds of many people who come to my office for advice. They are worried about having to pay additional taxes as a result of resolving issues with their creditors. These tax…

Foreclosure Defense Attorneys Know What Happens at the End of a Foreclosure

An experienced foreclosure  attorney knows that Orlando homeowners in foreclosure face a deficiency judgment that can plague their finances for up to twenty years.  Many homeowners who face foreclosure don’t yet feel ready to consult with a foreclosure lawyer.  These homeowners may suffer unnecessarily from the “underwater home” crisis that is a plague to…

If I File For Bankruptcy, Do I Lose My Workers Compensation Settlement Money?

What happens to your workers compensation settlement? Filing for bankruptcy is an important decision, and there are many factors to consider. If you have received a workers compensation settlement as a result of a workers compensation claim, you may worry that filing for bankruptcy will cause you to…

What You Need To Know About Mandatory Credit Counseling and Debtor Education In Bankruptcies

Declaring bankruptcy is not a decision you should make without careful consideration. There are many factors to consider, and it isn’t an easy decision. There are several types available for individuals including chapter 7 and chapter 13 which are the most popular bankruptcies filed by…

Bankruptcy: What is the Process?

For some people, filing a personal bankruptcy can provide the opportunity for them to reset their finances and give them hope for the future. It can provide a new chapter free from the debts that many times accrue through no fault of the debtor. A…

Homestead Exemption to Protect Your Home When Filing Bankruptcy

When it comes to protecting equity in a home, Florida residents can get some valuable relief should they be forced into bankruptcy. Under Florida state law, a homestead exemption not only saves residents thousands in property taxes, but specifically protects the investment in a person’s property when…

Options for Florida Bankruptcy

Bankruptcy is something that attorneys see a lot of in the State of Florida – for example, (as reported by state courts), there were a total of almost 24,000 bankruptcy cases adjudicated at of the end of December last year in United States Bankruptcy Court for the…

5 Ways to Improve Your Credit Score

According to statistics, the average FICO credit score is currently 695, an all-time high in the United States. Although there are different scoring models, resulting in the fluctuation of this figure by a few points, the majority fall between 660 and 720. Roughly 14% of the population…

Understanding Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is, to put it simply, a type of court-supervised payment plan. When you enter into this agreement, you will pay your unsecured and secured creditors each month, based on your income and any reasonable expenses. It is a court ordered reorganization…

Should I File for Bankruptcy in Orlando?

The decision on whether or not to file some sort of bankruptcy is a big one and it will affect your finances and credit for years to come. And although the number of bankruptcies filed has been dropping in recent years, there were still over 800,000…

Tips for Rebuilding Your Credit after Bankruptcy

In 2016, almost 1 million people in the U.S. filed for some form of bankruptcy, the most common being Chapter 7 protection, which differs from Chapter 13 in that a repayment plan does not need to be filed. Those who file for Chapter 7 will take a major hit on their…

Can Creditors Report Debts Barred by the Statute of Limitations?

Your financial well-being can take a huge hit if there is negative information on your credit report. It may disqualify you from being approved for a home mortgage or a car loan, or result in your interest rates soaring. In some cases, it may even…

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…

You Can’t Just Declare Bankruptcy

There are many circumstances that people, both young and old, are facing that has them considering declaring bankruptcy. This may not be as easy as one with no experience in this area of law may believe it to be. There are many reasons to choose…

Passing the Means Test in Florida

In 2005 a new bankruptcy law was passed to make it harder for those who had run up unsecured debt to declare bankruptcy. The banking industry wanted to have those with higher incomes pay off some of the unsecured debt that these individuals were responsible…

How to File for Bankruptcy with No Money

If you have ever searched online, “how to file bankruptcy with no money,” you have likely come across a few ads offering the so-called free services to file bankruptcy. As with anything else in life, these offers are too good to be true. If you…

How a Personal Bankruptcy can Affect Your Credit Score

Many Florida residents who are struggling to cope with their overwhelming debt are reluctant to file for bankruptcy. There are several reasons for this hesitation. Some avoid seeking this type of debt relieve because they think filing under Chapter 13 or Chapter 7 will result…

Categories

Archives