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New bankruptcy laws increase cost of filing bankruptcy

In 2005, Congress made significant changes to the bankruptcy code, which were designed to make it more difficult for consumers to get debt relief.  These new standards made bankruptcy law more complicated and challenging for consumers and the attorneys who assist them.  After this law…

More retirees seeking bankruptcy protection

A recent study by the Administrative Office of the United States Courts shows a significant increase in bankruptcy filers over the age of 55.  Between 2002 and 2007, the number of these filers grew by 61%.  The study, which was published in the September 2010 issue of ABI…

Will Orlando bankruptcies increase during 2017?

The executive director of the prestigious American Bankruptcy Institute predicts that consumer bankruptcy filings will increase during 2011.  In a press release issued on January 3,  the executive director of ABI, Samuel J. Gerdano, states: “The steady climb of consumer filings notwithstanding the 2005 bankruptcy law restrictions…

Love and Marriage, Debt and Divorce

Two individuals recently consulted with me, both whom had waited too late to speak with a bankruptcy attorney.  One had recently married, one had recently divorced.  Both of them had substantial debt that they needed to erase to create a fresh start for their financial…

Mortgage Modification for Orlando Homeowners in Chapter 13

Yesterday I attended the annual seminar sponsored by Central Florida Bankruptcy Law Association. A panel of mediators discussed their experiences with the new mortgage modification program  in the Orlando division of the bankruptcy court. Their impression was that lenders are taking the program seriously and offering genuine modification arrangements that were useful…

Profits Surge for Orlando Hospital Corporations

The August 13 edition of the Orlando Business Journal reports that profits for Central Florida hospitals  are up by 88% for 2009.  The untold story is how medical debt and illness continue to be a primary cause of financial crisis for families who must resort to bankruptcy…

Only in Chapter 13 how to Relief Underwater mortgage in Orlando

An underwater mortgage is a serious a problem for many Orlando homeowners. Earlier this summer, the Orlando Sentinel reported that Orlando was number 3 in the nation, and number 1 in Florida for the number of homes that an underwater mortgage – the  loan balance was more than the value…

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