Author Archives: Site Administrator
When a family business is facing debt troubles
Some individuals here in Florida own a family business. For many of those with family businesses, their family business is a truly major part of their life. Thus, when a family business goes into financial trouble, the owner’s whole life can be thrown into disarray. Consequently, a family business owner can have some very… Read More »
What things can disqualify a person from Chapter 7 bankruptcy?
There are some bankruptcy and debt relief options a given person who is facing difficulties with debt might not have access to. This is because some options have strict eligibility requirements attached to them. An example of this can be seen in Chapter 7 bankruptcy. There are several different things that could make a… Read More »
Bill would change how some student debt is treated in bankruptcy
Bankruptcy can have many benefits for individuals who are deep in debt. One is that a person may be able to get quite a bit of debt discharged in a bankruptcy. An important thing to note though is that there are some kinds of debt that are, generally, non-dischargeable in bankruptcy. One such kind… Read More »
What is the maximum debt limit for Chapter 13 bankruptcy?
One debt relief option out there is Chapter 13 bankruptcy. Whether a Chapter 13 bankruptcy is a good fit for a given person who is facing difficulties related to debt depends on a great range of factors. One is whether they would be eligible for this type of bankruptcy. There are some things that… Read More »
Underwater mortgage levels falling in Miami-Dade, though still high
Miami-Dade County is experiencing a drop in underwater mortgages, according to a recent report on underwater mortgage levels in 2014’s final quarter. According to the report, there were over 30,000 fewer homes in the county where the property’s value was less than the mortgage balance for the property in last year’s fourth quarter than… Read More »
Real-estate-related debt troubles not limited to just mortgages
Troubles with real-estate-related debts can lead to a person facing some major financial troubles, including the possibility of foreclosure. Thus, a person can have some pretty big concerns when they are experiencing struggles with a real-estate-related debt. Will I lose my home? Will I have to leave my community? Will I be ruined financially?… Read More »
U.S. seeing bigger and bigger credit card debt increases
It appears that, lately, U.S. consumers are turning more and more to credit card debt in their financial actions. A recent study, issued by CardHub, contained statistics regarding consumer credit card debt in the country in 2012, 2013 and 2014. The statistics indicate that, over this three-year period, there has been quite a bit… Read More »
Drawbacks of short sales
One of the mortgage-debt-related difficulties some homeowners face is having negative equity. A homeowner has negative equity if their home is worth less than the mortgage debt they have on the home. According to RealtyTrac estimates, having mortgage debt that exceeds their home’s value by at least 25 percent is a situation that around… Read More »
What things does an automatic stay not stop?
As we discussed in our previous post this week, the automatic stay in a bankruptcy can put a halt to quite a few different types of proceedings. There are, however, some proceedings that an automatic stay has no effect on. Today, we will point out some of the things that an automatic stay is… Read More »
What does an automatic stay do in a bankruptcy?
There are several reasons why a person who is struggling with high debt could find a personal bankruptcy helpful. For one, a bankruptcy sometimes significantly reduces a person’s overall debt load through debt discharges. Also, a bankruptcy sometimes give an individual a chance to restructure their debt so it is easier for them to… Read More »