Bankruptcy is a legal process designed to help people eliminate debt when they cannot repay their creditors. This can help filers get a fresh start with their finances. Every year, many people file bankruptcy due to job loss, medical debt, divorce and other reasons....
Year: 2024
This popular estate planning tool doesn’t work in Florida
One of the most common estate planning mistakes is the use of boilerplate documents. People believe that they can simply download a will from the internet and then add a few details about themselves and their assets. While that approach may work in some circumstances,...
Including cryptocurrency in your estate plan
Cryptocurrency has become a big deal in today's world, and it's changing how we think about money. As more people invest in digital currencies like Bitcoin and Ethereum, they also need to think about what happens to these assets when they're no longer around....
How does judicial foreclosure work in Florida?
Falling behind on your mortgage payments can be a stressful situation. In Florida, if your home loan goes into default, your lender can initiate foreclosure proceedings to reclaim the property and recoup their losses. Florida follows a judicial foreclosure process,...
Does filing for bankruptcy stop wage garnishment?
Filing for bankruptcy can be a daunting decision, especially for people facing wage garnishment. Wage garnishment occurs when a creditor obtains a court order to deduct a portion of an individual's wages to repay a debt. Many people wonder whether filing for...
What a Lady Bird deed is and why you might need one
A Lady Bird deed is a legal instrument used in estate planning. It is also known as an Enhanced Life Estate Deed. People use it to transfer property while retaining certain rights during the grantor's lifetime. This unique type of deed has gained popularity among...
Steps to rebuilding credit after a foreclosure
Experiencing a foreclosure significantly lowers your credit score. Fortunately, you can rebuild your credit by making smart decisions in the months and years after this event. Understanding effective credit strategies helps you regain financial stability after a...
Wage exemptions can offer relief in a Florida bankruptcy
When people face financial hardship, bankruptcy can provide relief and protection. In Florida, specific laws govern what assets individuals may be able to keep. These exemptions often include homestead, personal property (such as an automobile), insurance, public...
4 FAQ about probate
In Florida, the probate process is a legal procedure that ensures the orderly distribution of a deceased person's assets and settles any outstanding debts. It can be a complex and lengthy process, involving various steps and requirements. 1. How do I initiate probate?...
What can I do if I cannot pay my mortgage?
In life, unexpected financial challenges can arise, making it difficult to meet monthly obligations, such as mortgage payments. If you find yourself in a situation where making your mortgage payment seems daunting, you should approach the situation proactively. There...