Author Archives: Site Administrator
Why Do So Many Baseball Players Go Bankrupt?
Many baseball players’ professional careers begin in Fort Lauderdale–and end in bankruptcy. To fans, this is unbelievable. We wonder how players could have squandered their salaries. Yet it happens all the time. Jose Canseco made $45 million in his career and later declared bankruptcy. Curt Schilling made $112 million and went broke. And it… Read More »
Understanding debt management and bankruptcy
Many Florida residents are struggling with unmanageable amounts of debt. They may be using credit cards to pay the minimums on yet other credit cards, have debt collectors calling them, be on the verge of eviction and other issues. A person who is in this type of situation may benefit by filing for bankruptcy… Read More »
Keeping debt collectors honest
When Florida residents charge items on a credit card, it is their responsibility to pay off what is owed. It is also the responsibility of debt collectors to make sure that obligations are repaid in a timely manner. While most people believe that debt collection agencies are legitimate businesses, their methods of getting the… Read More »
Student loan debt refief scams proliferate
Many recent Florida college graduates are attempting to deal with their burden of student loan debt, and they are sometimes finding themselves preyed upon by unethical companies that promise debt relief but deliver only more economic harm. These organizations skirt the law, sometimes straying into fraud in their attempt to take advantage of needy… Read More »
Can I use a credit card to pay for my bankruptcy legal fees?
Filing bankruptcy represents a fresh start, wiping out or reorganizing long-overdue debts. High-interest credit card balances are the most common and burdensome for those struggling to make ends meet. Selecting the right lawyer should represent a first step towards a solution, not a continuation of the problems that plagued you for years. In discussions… Read More »
What to do before filing for bankruptcy
For Florida residents who cannot repay their debts, bankruptcy can be a way to get a financial fresh start. One of the first things they should do is to make sure that they have explored all of their other options such as credit counseling and debt consolidation. After they have determined that filing for… Read More »
Why millennials shouldn’t count on bankruptcy for student debt
According to a report by the Federal Reserve Bank of New York, Americans owe more in student loan debt than all the credit card debt combined. That is a huge financial epidemic. One that is felt heavily by millennials, many of whom are facing the harsh reality of the job market. While credit card… Read More »
The means test in bankruptcy
Hard economic times force many Florida residents to consider the option of filing for personal bankruptcy. Debt relief and the promise to stop creditor harassment are only two of major incentives behind those trying to determine their eligibility to file under Chapter 7 or Chapter 13. As well as differences in length of time… Read More »
Can bankruptcy eliminate tax debt?
While the federal income tax filing deadline has come and gone, there are many who have not filed their tax returns yet. Some have filed for an extension; hoping to find additional exemptions that will potentially lower their tax bill. But there are others who have simply not filed out of fear that they… Read More »
How federal laws protect consumers from creditor harassment
As someone with debt issues or significant debt, you are probably no stranger to constant calls and e-mails from creditors. Although debt collectors in many situations are allowed to contact you, there is sometimes a fine line between debt collection and creditor harassment. If you believe you are the victim of creditor harassment, consider… Read More »