Author Archives: Site Administrator
Treating bankruptcy seriously
A bankruptcy filing can be dismissed for a number of reasons, including if there is any evidence that the information filed within the request was not true. Florida residents should take the bankruptcy process seriously and be aware that certain behavior can bring the validity of their bankruptcy filing into question. A similar recent… Read More »
Rapper Memphis Bleek files for Chapter 13 bankruptcy
Florida residents who are fans of rapper Memphis Bleek may be interested to learn that he has filed for bankruptcy. The rapper filed March 14 for Chapter 13 bankruptcy in New Jersey. At the time, the 38-year-old claimed that he owned $274,190 in assets but had $384,804.91 in liabilities. Memphis Bleek, whose given name… Read More »
Proposed changes for Chapter 13 bankruptcy
Florida residents who file for Chapter 13 bankruptcy often do so in order to keep some of their assets. This type of bankruptcy allows a person to arrange a payment plan that lasts for three to five years. The Judicial Conference Advisory Committee on Bankruptcy Rules has proposed an amendment to an existing rule,… Read More »
Bankruptcy and small claims in Florida
When the dollar amount of a claim is under a threshold set by a jurisdiction, it will be settled in small claims court. If a creditor or another party wins a judgment against an individual, that individual must pay that amount or risk wage garnishment. However, it may be possible to eliminate that judgment… Read More »
Is bankruptcy my only alternative to foreclosure?
For many people who are facing the threat of foreclosure, their mortgage payment is the only debt that is causing them financial difficulty. If there were a way to rework the terms of the mortgage or some of their other debts, it might provide the relief they need. In too many situations, however, the… Read More »
Filing for bankruptcy alone when you are married
If you are going through a divorce and need to file for bankruptcy in Florida, you may be wondering if it is possible to file without your spouse. You may also be in a situation in which you are married and not getting a divorce, but you still want to file for bankruptcy alone… Read More »
How bankruptcy can help you keep your home
If you are facing the possibility of losing your home to foreclosure, it is important that you understand that you have the right to fight back and that you have options to save your home. While there can be a number of different approaches to dealing with mortgage debt, filing for bankruptcy has a… Read More »
Amending Chapter 13 plans after payment period expires
Bankruptcy can help a Florida couple to regain financial stability after dealing with a serious crisis, but the approach to filing could have long-term implications. In addition to affecting one’s credit history, for example, some forms of bankruptcy could be reconsidered based on the filer’s change in financial status at a later date. Chapter… Read More »
The effect of getting a raise after filing for bankruptcy
In some Florida bankruptcies, the debtor will receive a pay raise during the pendency of the case. Whether or not a portion of that amount will go to the bankruptcy trustee depends on the type of bankruptcy the debtor has filed. In a Chapter 7 bankruptcy, the debtor’s non-exempt assets at the time the… Read More »
Chapter 13 bankruptcy and income tax refunds
Florida residents who wish to pursue debt relief are sometimes deterred because the required means test precludes them from filing a Chapter 7 bankruptcy. While a Chapter 13 filing may seem to be a less attractive alternative, it does provide the opportunity to escape oppressive debt and secure a fresh financial start. However, many… Read More »