When you fall behind on credit card payments or incur medical bills you cannot pay, you may begin to receive phone calls and letters from debt collectors who aggressively pursue repayment of those debts. But are debt collectors legal, and can they lawfully pursue money you purportedly owe on debts…
Category: Bankruptcy
Bankruptcy is a critical lifeline for people who are struggling financially under severe debt and need a way to start over again. If you’re considering taking this major step, money’s already tight, and the sound of a “no money down” Chapter 7 bankruptcy filing might sound appealing. However, in some…
Chapter 7 bankruptcy is one of the most common types filed by borrowers. Still, there are many different requirements you must fulfill when filing Chapter 7, including submitting the statement of intention. If you fail to submit this important document, it could result in a dismissal of your bankruptcy case….
Of all the different types of bankruptcy filed in Florida, Chapter 7 is one of the most common. Unlike other types of bankruptcies, Chapter 7 allows you to discharge, or eliminate, all or most of your debt. A bankruptcy trustee will be assigned to your case and will oversee the…
Bankruptcy is a last resort for many people. Still, it may be the right option for you if you are struggling with significant amounts of debt that you are unable to repay. The bankruptcy process can become complex and the laws are always changing. It is for these reasons that…
If you or your spouse is carrying a significant amount of debt and are thinking about filing for bankruptcy, you likely have many questions. Should you and your spouse file bankruptcy together? Can you file for different types of bankruptcy? If only your spouse files bankruptcy, how will it affect…
Filing for bankruptcy is a legal process available to individuals whose debts have become unmanageable. If you’ve taken advantage of this option in the past but find yourself overwhelmed by debt again, you might be wondering how soon you can file for bankruptcy a second time. The answer depends on…
To a certain extent, yes. Household goods and furniture can be exempt from bankruptcy liquidations. Florida bankruptcy exemptions can be quite generous depending on your eligibility and how you file. This page gives a brief overview of bankruptcy exemption laws in the state. However, it is important to remember that…
Bankruptcy is a legal process that allows a person or business to have their debts discharged when they no longer have the financial means to pay them. Filing for bankruptcy is possible under Chapters 7, 9, 11, 12, 13, and 15 of the Bankruptcy Code. This page explores the top…
