Author Archives: Site Administrator
Can bankruptcy stop a foreclosure?
There may be no experience that you will ever face that is more concerning than the prospect of losing your home. When you receive the notice from the bank informing you that it intends to initiate foreclosure proceedings, it can be difficult to know where to turn for help. What happens next? What should… Read More »
Court holds that FDCPA and bankruptcy laws don’t conflict
Debtors in Florida may be interested in a recent ruling by the U.S. Court of Appeals for the 11th Circuit, the federal circuit that has jurisdiction over federal claims brought in the state. The case involved debtors who had filed for Chapter 13 bankruptcy. The debtors had creditors holding claims that were time-barred by… Read More »
How bankruptcy laws could safeguard your retirement
Many Florida residents worry that they do not have enough saved or invested to allow them to enjoy their retirement years in comfort, and they sometimes have little choice but to use the money that they have diligently put into their retirement accounts to make ends meet when confronted with an illness or other… Read More »
Bankruptcy myths to ignore
Filing for bankruptcy may be a last resort for many, but it doesn’t mean that it will leave debtors with nothing. In many Chapter 7 cases, Florida debtors do not lose an asset either because it is exempt, not worth anything or has a loan or lien on it. In Chapter 13 cases, debtors… Read More »
Maintaining a Chapter 13 bankruptcy
Chapter 13 bankruptcy is a reorganization of debt, and it may be a a viable alternative for Florida residents who have a steady income but who are still struggling with their obligations. Debts are repaid pursuant to a court-approved plan that lasts three years for people making less than or right at the median… Read More »
An lawyer may help stop debt collection calls
Those residing in Florida may be aware of the stress that constant debt collection calls can create. However, debt collectors are required to follow laws noted in the Fair Debt Collection Practices Act, or FDCPA. If debt collectors are breaking these laws, it is possible to have the calls stopped. There are a number… Read More »
Unmanageable unsecured debt in Florida
If you are overwhelmed by unmanageable levels of unsecured debt, you are not alone. Thousands of people find themselves deep in debt and unable to make their payments. While unsecured debt doesn’t have any property as collateral, creditors may still try to enforce their interests by filing lawsuits against you or seeking to garnish… Read More »
Many consumers still have debt in collections
Much has been made lately about the state of the economy, how more people are back to work and unemployment claims are down. Despite this good news, it appears that the number of consumers with past due debt in collections is still a problem. According to a study by the Urban Institute, 35 percent… Read More »
Unpaid HOA fees can lead to foreclosure
Owning a home is a lot of work, from taking care of your yard to maintaining the building. However, if you live in a home that is part of an association, part of that work is taken care of for you thanks to homeowner association expenses. These fees must be paid regularly or you… Read More »
Producer files for relief from a variety of debts
Florida music fans may not already know that producer Jazze Pha has filed for Chapter 13 bankruptcy claiming that he is $625,000 in debt. That is compared to less than $590,000 in assets including two music companies each worth $1,000 as well as electronics worth an estimated $1,000. He also owns a 2010 and… Read More »