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Category: Bankruptcy
You have made the very difficult decision to file for bankruptcy. You’re looking forward to taking back control of your life and your finances. So, why are you still receiving phone calls and letters from creditors? This is a discouraging situation. Unfortunately, it’s one many find themselves in even after…
When a borrower owes a significant amount of money to a creditor or debt collector, that agency will often garnish the borrower’s bank account. It is a drastic step, and one debt collectors are often hesitant to take. There are many Florida laws they must follow when doing so, and…
Sometimes, people find themselves in several difficult positions at the same time. This is the case when they have already fallen on financial hardship and are involved in an accident. When this is the case, accident victims often wonder what will happen to their settlement if they are successful in…
Filing for bankruptcy is a great option for those who have a crushing amount of debt and don’t see a way out. However, because bankruptcy discharges debt, or allows for a longer period for you to repay your creditors, not everyone can successfully file for bankruptcy. Regardless of the type…
If you have fallen significantly behind on your debts and don’t see a way to pay them off, you’re likely thinking about filing for bankruptcy. This is often an ideal solution for many, as it allows them a fresh financial start and can help them get back on their feet….
If you fall behind on mortgage payments, Chapter 13 bankruptcy may help. Chapter 13 bankruptcy was designed to help homeowners catch up on payments and potentially keep their homes. Immediately upon filing bankruptcy, protection referred to as the Automatic Stay takes effect, shielding debtors (this is how the court refers…
The Chapter 13 Bankruptcy Process The chapter 13 process can be complicated and rife with many potential pitfalls. Chapter 13 is a type of bankruptcy in which the debtor proposes a plan to repay creditors over a specific amount of time. The Petition And Repayment Plan Chapter 13 begins with…
If you are at least 62 years old and have equity in your home, you may be able to get a reverse mortgage. Reverse mortgages generally allow you to either eliminate your monthly mortgage payment, receive a lump sum payment, enjoy a monthly income from your equity, or have access…
