Owing money on credit cards, medical bills and other loans can make a person feel embarrassed and hopeless, even though most Americans carry debt. Because of the shame or desperation that people can feel in this situation, too many do not ask for help. However,...
Bankruptcy
Types of chapter 7 dischargeable debts
It's important for debtor or for an individual considering filing for Chapter 7 bankruptcy to know and understand which of their debts could potentially be relieved in Florida. That's classified by two types, secured and unsecured. According to TheBankruptcySite,...
What is the automatic stay in bankruptcy?
For many residents of the Florida panhandle, filing a bankruptcy petition is usually viewed as the financial equivalent of walking the plank. While bankruptcy can be a complicated and stressful procedure, the filing of the petition can provide a significant amount of...
Stop foreclosure with Chapter 13 bankruptcy
One way of halting the foreclosure process on a home is by filing Chapter 13 bankruptcy. Doing so allows a debtor to consolidate past due and current payments into one affordable monthly payment over an extended period of time. Those payments are stretched out over a...
Should I file for divorce or bankruptcy first?
Living in Florida does not make you immune to the effects negative financial situations have on a marriage. Bankruptcy may be the answer to your financial woes even if you decide to divorce. However, which one you decide to do first depends on your unique...
Filing for bankruptcy due to medical bills
According to CNBC, two-thirds of individuals who file bankruptcy each year cite medical bills as a key contributing factor. That means more than half a million families turn to bankruptcy because of outstanding medical costs or time out of work. Unaffordable mortgage...
The effect of bankruptcy on a marriage
Money problems account for one of the biggest reasons that couples divorce in Florida. When one spouse has debt or poor credit, it can hamper the financially stable spouse. This is true even when the stable spouse has excellent credit and makes good money. When this...
Quitting your job during Chapter 13 bankruptcy
Bankruptcy can clear up debt and allow people to enjoy a fresh start in their lives, but there are various issues that may arise during the process. For example, someone may decide to quit their job, and they may wonder how this will affect their bankruptcy. Or, they...
How do you know if you are ready to file for bankruptcy?
If you are like one of the hundreds of thousands of Americans who have gotten in over your head with credit card debt and other financial obligations, you may have looked into bankruptcy. While bankruptcy is a great way to get a fresh financial start, you should only...
New Florida bankruptcy program targets student loan debt
The U.S. Bankruptcy Court Middle District of Florida has introduced a new student loan modification program allowing those with student loan debt to reorganize and potentially discharge this debt with a Chapter 13 bankruptcy filing. Although nearly 2.5 million state...
