Author Archives: Site Administrator
Why you should not be ashamed of bankruptcy
At first thought, you may think of bankruptcy as the “loser’s” way out of debt; essentially giving up on your efforts to pay bills that will forever label you as a cheat or deadbeat. However, you may soon learn that millions of Americans seek bankruptcy protection every year, and they all have one thing… Read More »
Rapper files for Chapter 13 bankruptcy protection
Florida residents may be interested to know that rapper Petey Pablo filed a Chapter 13 bankruptcy petition in North Carolina in April 2016. According to reports, he had roughly $50,000 in both assets and liabilities at the time of the filing. His creditors included Ford Motor Credit, Planet Fitness and the IRS. This is… Read More »
Consumers saving more, but also have credit card debt
An April 2016 survey suggests that people are trying to save more money, but more of them also have increased credit card debt. These two facts may eventually create a conflict. The survey looked at 1,600 adults. More than one-quarter reported making an effort to save more, and this was up slightly from the… Read More »
Don’t be scared of losing everything in a Florida bankruptcy
Being in debt is scary, and you might be doing everything in your power to avoid dealing with the situation. However, you don’t have to let fear drive your decisions and control your financial life. Instead, you can educate yourself to take the mystery out of your situation and regain control. For instance, if… Read More »
Debtor in Chapter 13 dismissal must pay lawyer fees
If Florida debtors file for Chapter 13 bankruptcy, their case is dismissed without confirmation, and the lawyer fees are returned to the debtor by mistake, the lawyer may be able to recover those fees. This was the April 14 ruling by the U.S. Bankruptcy Appellate Panel for the 1st Circuit. In doing so, the… Read More »
Refinancing a mortgage after filing for Chapter 13
After filing a Chapter 13 bankruptcy petition and starting on the required repayment plan, some Florida residents may wonder how soon they might be able to apply to refinance the mortgage on their homes. Some people want to do so while they are still in the repayment plan period. For others who have completed… Read More »
New Florida law provides suprise medical bill protections
Medical bills can hit some pretty high amounts. So, one of the last things a person likely wants to see in relation to medical care they have received is surprise medical bills on top of the ones they were expecting. A new law has been passed here in Florida aimed at protecting consumers against… Read More »
9 signs you are the victim of creditor harassment
Anytime a debt collection agent contacts you, it can feel like harassment or abuse. After all, if you have debt, the last thing you need is to feel hounded to make payments you just can’t make. To make matters worse, creditors are aggressive and they can be relentless when it comes to seeking payments…. Read More »
Research being done on individual Chapter 11 filings
Florida residents who have a lot of debt and the ability to earn future income may decide to file Chapter 11 bankruptcy. Though Chapter 11 is typically used by businesses, it is available to consumers as well. A preliminary report by the American Bankruptcy Institute’s Task Force on Individual Chapter 11 found that somewhere… Read More »
When to consider a short sale
No one ever plans to find themselves in over their head with debt and behind on mortgage payments. But for thousands of people all over this country, this is an everyday reality that requires proactive – and sometimes legal – steps to get out of. A lot of people in this kind of situation… Read More »