Author Archives: Site Administrator
Becoming late on mortgage payments
When Florida homeowners lose a job or experience other financial difficulties and fall behind on their mortgage, their homes could be targeted for foreclosure. However, just because a lender wants to pursue foreclosure doesn’t mean that a homeowner will lose the home. Homeowners are advised to contact their lender or otherwise take action as… Read More »
Assemblywoman explains bankruptcy in open letter
Florida residents who have a lot of outstanding debts but still earn a regular income may decide to file for Chapter 13 bankruptcy. A state assemblywoman from New York published an open letter Aug. 2 explaining why she and her husband had chosen to file for Chapter 13 bankruptcy. The Democratic assemblywoman released the… Read More »
Negotiating with credit card companies
Most people in Florida have some credit card debt that they would like to get rid of. As a person’s debt rises more and more, a person may become unable to afford the minimum monthly payments. Someone in this situation may decide to ask their creditors if they are willing to lower the monthly… Read More »
Bankruptcy may offer viable options
Your financial troubles might be extremely challenging, but they aren’t necessarily insurmountable. Although you may have blurred the line between where your business accounts end and your personal finances begin, there are certain forms of bankruptcy that could potentially help you deal with your debts to creditors in Florida and elsewhere. Of course, it’s… Read More »
Is a loan modification right for me?
Loan modification is becoming an increasingly popular method of saving a home from foreclosure. This is especially true in Florida, where state law now requires lenders to rework loans with terms that are more manageable for the homeowners who are at risk of foreclosure. Nevertheless, lenders are in the business of making money, and… Read More »
Why debt settlement might not be a good option
Florida residents who are facing overwhelming levels of debt may think that debt settlement might be a good option. Debt-settlement companies try to negotiate settlements for their clients to pay substantially smaller amounts in exchange for their creditors forgiving the balance. There are several reasons why this might not be a good option, however…. Read More »
Lawyer sanctioned in bankruptcy filing
People in Florida who are filing for bankruptcy may want to make sure that they supply their lawyer with original signed documents. In California, a lawyer was sanctioned when he was unable to back up electronically signed documents with original signatures. The law in this lawyer’s district permitted electronic signatures for electronically filed documents…. Read More »
You can rebuild your credit after bankruptcy
When you’re dealing with overwhelming debts, filing for bankruptcy in Florida may be the best solution. Bankruptcy can stop the flood of threatening calls and letters from creditors and put a hold on any creditor actions that are taking place like foreclosure and wage garnishment. Although bankruptcy can negatively impact your credit score initially,… Read More »
Bankruptcy and your new job application
Miami residents who have gone through Chapter 13 bankruptcy may want to consider how the filing could impact their future career aspirations. Thoughts expressed by at least one personal money management expert indicate that honesty might really be the best policy for individuals who are looking for a new job after previously filing for… Read More »
Understanding the bankruptcy means test
Bankruptcy is a legal procedure that can be used for debt relief. In order to qualify, certain criteria have to be met. Florida residents who are considering Chapter 7 bankruptcy should know that the bankruptcy means test is one of the eligibility requirements. The two-part testwas initially designed to limit how many people would… Read More »