Some of your debts may not disappear after death. As noted by Credit.com, joint mortgages and shared credit card balances generally become the responsibility of the surviving borrower. If you have joint accounts with a spouse or an adult child, they may need to pay...
Year: 2021
What are my foreclosure rights in Florida?
If you worry that you are close to foreclosure on your home, it is essential to know what to expect. In Florida, judicial foreclosure is mandatory. This means the lending bank must file a lawsuit against you to start the process. The prospect of foreclosure is scary...
What debts are not dischargeable with Chapter 7 bankruptcy?
If you have used all your available credit and are still unable to pay for everyday expenses, you are far from alone. In fact, according to Prudential, almost half of Americans claim to be struggling financially, with roughly 40% expecting to spend years recovering....
Should you refuse a breath test?
As a driver, you may believe that you have the right to refuse tests like breath analysis tests if an officer requests that you take one. You may think that it is within your rights to avoid any test you do not wish to take. However, calling it an officer "request"...
How does the bankruptcy means test work?
If you determine that bankruptcy is the best solution to your debt problem, you must then decide whether you want to file for Chapter 7 or Chapter 13 bankruptcy. In a Chapter 7 bankruptcy, you can discharge all of your unsecured debts, such as credit card debt,...
What are the Florida probate proceedings?
The Florida probate process assists individuals with identifying and distributing a person's assets after they pass away. The Florida Bar notes that the state recognizes two types of probate, formal and summary administration; in most cases, formal is the more common...
How does inflation affect you personally?
If you have shopped for a home, car, groceries or virtually anything else recently, you have undoubtedly noticed an uptick in the cost of everyday items. This is not surprising, as prices increased more over the last year than they did at any time during the previous...
Chapter 7 bankruptcy: keeping the exempt property
Florida residents trying to keep up with overwhelming medical bills, unemployment and unexpected life events often consider bankruptcy for financial relief. However, people often believe they lose everything once they file, so they delay, which can make the situation...
A short sale may help limit credit damage and prevent foreclosure
Homeowners struggling with mortgage payments may consider a short sale to avoid foreclosure and lessen the damage to their credit. As noted by Bankrate.com, a lender must, however, agree to and approve a short sale transaction. Because a bank receives less than the...
Effects of underage binge drinking on college students
The college years are a time for self-exploration and taking risks, and while away from the watchful eyes of parents, many students engage in social activities that involve consuming alcohol. These students tend to think they can handle the effects of alcohol, and...
