Author Archives: Site Administrator
Will I have to leave my home immediately after foreclosure?
Hearing the term “foreclosure” can send any homeowner into a panic. Indeed, the legal process of foreclosure is a serious one and should be taken as such by anyone who is at risk of foreclosure or has been notified that a foreclosure claim has been filed. However, it is important to understand that you… Read More »
Understanding the purpose of a wage earner plan
When we talk bankruptcy, a lot of readers in Florida probably picture liquidation of assets and starting over from the bottom up. While some Chapter 7 filings do mean handing over many of your assets, and don’t always allow you to keep cars or homes, there are bankruptcy options that do allow you to… Read More »
The main reasons a bankruptcy filing could be turned down
When you file for bankruptcy in Florida, you could have your filing rejected. There’s no guarantee it’s going to be accepted, even if you’re sure that it’s the right option for you. It’s important to know why it could be rejected so that you can plan around it and give yourself the best possible… Read More »
Is Chapter 13 right for you if you’re dealing with tax debt?
At the beginning of a new year, many people take stock of their financial situation and resolve to get things in order. This often includes getting out from under debt that’s weighing them down. For some people, filing for bankruptcy is the best way to do this. What if some of your debt involves… Read More »
The law wants you to keep your home
Debt struggles can arise for many reasons. Perhaps the loss of a job has put your family in a debt cycle that seems impossible, and you are worried about losing your home. In other cases, a sudden medical emergency can derail all your plans, making it difficult to keep up with payments each month…. Read More »
Chapter 13 bankruptcy can take 5 years
People often think of bankruptcy in Florida as a fairly quick process. While this can be true in some cases, most people think of it this way because they’re actually thinking only about Chapter 7 bankruptcy. If you’re going to use Chapter 13 instead, it can take a lot longer, as many take as… Read More »
Is Chapter 13 the solution for your student loan debt?
Student loan debt can follow Floridians and other Americans for decades past graduation. It’s not unusual to rack up hundreds of thousands worth of debt, including interest. Private companies’ student loans have higher interest than those obtained through the government. Private loan companies can also be more aggressive about collecting their money. Of course,… Read More »
Divorcing? Prepare to deal with debt
One of the main factors people cite when they are divorcing is money problems, whether it is the stress of not having enough or the fights over spending habits. These can be divisive issues that two people cannot resolve and they ultimately decide it is best to divorce. However, money doesn’t just play a… Read More »
Proposed bill would protect federal benefits
In our last post, we discussed the unfortunate fact that a portion of your federal benefits can be garnished in an effort to repay student loan debt. This can have a devastating impact on anyone who collects and depends on Social Security benefits and has fallen behind on or cannot make student loan payments…. Read More »
Federal benefits can be taken to repay federal student loans
Going to college is something that people all across the U.S. strive to do. Unfortunately, getting an advanced degree is not a guarantee that you will be gainfully employed during the years it takes to repay loans. People can ultimately spend years or decades paying down the loans they took out for college; during this… Read More »