Constantly struggling to stay on top of your huge pile of debt can take an almost unbelievable toll on your mental health. Indeed, according to Psychology Today, having too much debt can make you both angry and anxious. Owning a dog may help you maintain good mental...
Bankruptcy
How do Chapter 7 and Chapter 13 bankruptcies differ?
Many Florida residents struggle to keep up with their bills and debts, and when interest starts to compound on those debts, it often becomes even more difficult to see the light at the end of the tunnel. If you are among those whose finances have started spiraling out...
How can secured credit cards help after bankruptcy?
Credit scores take a hit after filing for bankruptcy. Most often, you cannot apply for a traditional, unsecured credit card shortly after the bankruptcy proceedings. Not only does your bankruptcy remain on your credit score, but the low score affects the lender's...
Can you discharge student loans during bankruptcy?
When debt becomes overwhelming, and you cannot reasonably pay it back, bankruptcy can help you get a handle on your life. It is possible to discharge many types of debt during bankruptcy, including credit card debt, medical bills, and personal loans. When it comes to...
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....
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,...
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...
Bankruptcy vs. debt settlement: which is right for you?
If you have overwhelming debt and less than stellar credit, you may be among the thousands of Florida residents struggling with debt and harassing creditors. Depending on your situation, bankruptcy or debt settlement are options that may provide debt relief, allowing...
Why do you need to work on rebuilding your credit after bankruptcy?
So often, our bankruptcy clients tell us "I'm never going to have credit cards or borrow money again!" believing that having good credit is not relevant to them if they do not plan to buy a home or get a personal loan. There are many reasons besides homeownership or...
