Author Archives: Site Administrator
Are debt collectors really allowed to do that?
Being contacted by a debt collector can be an extremely disturbing experience, as it is often a sign that you are facing serious financial challenges. And while having any kind of contact with collection agencies can be uncomfortable, you as a consumer can actually find yourself subject to illegal collections practices. That is why… Read More »
Personal bankruptcy case results in accusations of fraud
The vast majority of people that consider filing for bankruptcy in Florida take the decision very seriously and only file after they have exhausted other options. Unfortunately, however, there are instances where people attempt to take advantage of the debt relief system. Bankruptcy fraud is a major offense that can result in serious legal… Read More »
The warning signs of unmanageable credit card debt
Countless people across the state of Florida and the entire country live paycheck to paycheck, unable to accumulate savings or fully establish their financial security. And while using credit cards allows many people to pay for necessities, relying primarily on personal lines of credit to cover monthly expenses can quickly result in serious financial… Read More »
Rebuilding credit after Chapter 7 bankruptcy
Many people who have completed the Chapter 7 bankruptcy process understand that it is an effective form of debt relief. That being said, eliminating one’s financial history means that a person has to reestablish his or her credit rating and confidence in the eyes of lenders. There are several things that people can do… Read More »
Older Florida residents burdened by student loans
Just as countless families across the state of Florida are well acquainted with the difficulties associated with incurring a substantial amount of student loan debt, economists and legislators alike are showing increasing concerns over the impact such debts are having on Americans of all ages. Recent findings suggest that one specific demographic of Americans… Read More »
Maintaining perspective during personal bankruptcy
Beyond the fact that most people are taught from a very young age that it is generally inappropriate to talk about one’s personal finances, Florida residents confronted by the possibility of filing for bankruptcy are sometimes embarrassed or ashamed by their financial difficulties. It’s important to recognize, however, that bankruptcy can be a long… Read More »
Lack of retirement savings compounds financial challenges
Major financial issues often originate from a series of minor difficulties that quickly escalate out of control. In fact, many Miami residents currently considering their debt relief options may concede that their debt became unmanageable before they had the opportunity to properly address it. Personal savings is often the first thing that people rely… Read More »
Bankruptcy exemptions 101
While it is true that personal bankruptcy is intended to account for substantial amounts of debt, the process is not designed to compromise the financial security and/or personal integrity of filers. As a result, Florida state and federal guidelines regarding bankruptcy exemptions are in place to allow for the reasonable comfort and independence of… Read More »
Certain IRA accounts may be considered exempt in FL bankruptcy cases
During hard economic times, some Florida residents are compelled to declare bankruptcy as a way to gain financial freedom from uncontrollable debt. As part of the bankruptcy process, people are required to list their assets and property as well as their debt. The trustee assigned to the case has the ability to reclaim certain… Read More »
Preventing personal bankruptcy begins at a young age
Parenting involves striking the fragile balance between teaching children effective life strategies and allowing them to make some mistakes in order to learn by experience. In fact, sometimes the most effective way to learn a lesson is to fail. Unfortunately, however, some mistakes are more difficult to bounce back from than others. The state… Read More »