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August 2013 Archives

Florida CFO candidate filed for personal bankruptcy three times

When Floridians run into financial trouble due to the loss of a job, unexpected medical expenses, or some other cause, they sometimes find debt relief through bankruptcy. Fortunately, most people learn from these challenges and take steps to avoid Chapter 13 or Chapter 7 bankruptcy in the future.

Miami firm files Chapter 7 bankruptcy over milk scandal

An importer of a food or drink does not personally manufacture the goods it resells. Therefore, it must have an excellent relationship with its supplier. The importer counts on the supplier to be honest about ingredients, avoid contaminants, and use a consistent formula when making the product. It can be challenging for the importer to insure a reliable level of quality, especially when the supplier is located in a different country where standards may not be as high as in the United States. If an imported food or beverage causes people to become sick, the importer’s business can be decimated, necessitating the filing of a Chapter 7 bankruptcy action. 

More credit card offers available to consumers

Money management is difficult, especially in a tough economy. Some Floridians are struggling to pay off credit card debt. Although credit cards can lead to financial disaster if they’re misused, they can provide consumers with rewards as well as the opportunity to build their credit history.

Consumers may want to think twice about prepaid cards

Even as the economy recovers, some Floridians are still working to improve their financial outlook. For people who are struggling to pay bills, there are ways to find debt relief. Unfortunately, as people search for help, they are also vulnerable to companies that may treat them unfairly.

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