Author Archives: Jay Butchko
Debt collection harassment techniques
Some debt collection agencies use harassment techniques, such as impersonation, surprise and threats, to encourage debtors to pay what they owe. Some debt collectors in the Miami area employ harassment techniques as a way to get debtors to pay what they owe. Many people think of harassment as constant calling, using rude names or… Read More »
Preparing for the Chapter 7 meeting of creditors
When filing for Chapter 7 bankruptcy, debtors are required to attend a meeting of creditors before the case is discharged. People who are seeking reprieve from their heavy financial debt may choose to file for Chapter 7 bankruptcy. Otherwise referred to as liquidation bankruptcy, Chapter 7 allows people in Florida and across the country… Read More »
Chapter 13 bankruptcy and home foreclosure
Many people considering bankruptcy may also be facing potential foreclosures and should understand the relationship between the two. Floridians who are faced with serious and unmanageable levels of debt may understandably feel very afraid and unsure of how to proceed. As the pile of bills increases and the ability to pay them is not… Read More »
Divorce and bankruptcy sometimes go hand in hand
The financial strain of divorce can result in a bankruptcy filing or vice versa. For some people, the financial strain caused by a divorce (paying lawyer’s fees, setting up two separate households, and having to pay child support or alimony, among other things) will eventually lead them to a point where a bankruptcy filing… Read More »
How do Chapter 7 bankruptcy and Chapter 13 bankruptcy differ
Chapter 7 bankruptcy and Chapter 13 bankruptcy differ in the way that they address debt, treat personal assets and assess the eligibility of consumers. Each year, thousands of people in Miami and other nearby areas seek relief from debt by filing bankruptcy. In 2015 alone, 22,406 bankruptcy filings were reported in the U.S. Bankruptcy… Read More »
Supreme Court declines to hear student loan case involving bankruptcy
Bankruptcy discharge for student loans will remain challenging Determining why the Supreme Court decides not to hear a case is an exercise in frustration. The Court grants what is known as “cert petitions” when at least four justices agree to hear the case. The Court typically will accept cases where there is an important… Read More »
Struggling financially Leave your retirement assets alone
When many people are suffering from debt problems, they look towards their other assets as a means of paying off their debts. One of the most significant sources of funds that many people have is their retirement account. Since they may not be using the funds at the moment, many people reason that it… Read More »
The treatment of secured and unsecured debts in bankruptcy
If you are having financial problems, you may be considering bankruptcy, but would like to know what would happen to your debts after the process has been completed. In general, this depends on the types of debts that you have-whether they are secured or unsecured. In bankruptcy, each type of debt meets a different… Read More »
South Florida continues to struggle with foreclosures
According to the most recent data, areas of South Florida are still feeling some aftershocks from the recession of 2008. According to data released by RealtyTrac, one out of every 87 homes in Miami-Date, Palm Beach and Broward counties is in foreclosure, making the area the sixth highest foreclosure rate of all major metro… Read More »
Don’t let rumors discourage you from filing Chapter 7 bankruptcy
Many people do not consider Chapter 7 because of unpleasant rumors they have heard. If you are one of the many Americans struggling to make financial ends meet, you may have heard about the relief that Chapter 7 can provide. However, you may have stopped short of taking advantage of it, because you have… Read More »