Recent Blog Posts
Florida Bankruptcy Statistics
Bankruptcy filings are often a good indication of the current health of the economy. When people lose jobs, they often rely on credit to get by and pay for essentials like food and transportation. After a while, however, all bills become due and the unemployed and others soon become insolvent. Bankruptcy is a sensible… Read More »
What Assets Must You Disclose when You File for Bankruptcy?
A key part of any bankruptcy filing is the schedule of assets you submit to the court. These assets include anything you own or are entitled to receive when you file. Although a Chapter 13 bankruptcy protects assets from liquidation, the trustee can take assets in a Chapter 7 bankruptcy and sell them, unless… Read More »
Avoid these 3 Bankruptcy Mistakes
Completing a do-it-yourself bankruptcy is much harder than it looks. Many people get seduced by the pre-printed forms they can download from the US courts website and assume they don’t need a lawyer’s help. Unfortunately, they can make many errors that hamstring their ability to wipe out debts. One reason to hire a bankruptcy… Read More »
More Retailers File for Bankruptcy Twice
When a business files for bankruptcy twice, a question naturally arises: did the company simply not learn any lessons from the first go-around or are there serious problems in the industry? CNBC has an interesting article on retailers that have filed for bankruptcy protection twice in the past decade. The retail industry has struggled… Read More »
Can I Keep My Personal Injury Settlement if I File for Bankruptcy?
After a devastating car accident or slip and fall, many victims negotiate a settlement to help compensate them for medical bills, lost income, and pain and suffering. These settlements often provide crucial support to injured victims, allowing them to keep the lights on as they try to recover and return to work. But what… Read More »
How NOT to Fight a Vehicle Repossession
When signing a car loan, debtors are giving their creditor the right to repossess the vehicle in the event they default. And creditors take full advantage of that right. They will send a “repo man” out to your home to take possession of a vehicle and haul it away even before you have had… Read More »
What Is a “No Asset” Bankruptcy Case and Do You Qualify?
Put simply, a “no asset” bankruptcy is a Chapter 7 bankruptcy in which the debtor has no non-exempt property for the trustee to seize and distribute to creditors. No asset cases go by very quickly because the trustee doesn’t have to get any assets appraised or arrange a sale, which can drag an otherwise… Read More »
Can You Keep a Tax Refund in Bankruptcy?
With the new year, many people are beginning to think about their income taxes for 2019. For millions of workers, filing by April 15 will result in a tax refund, usually because they contributed more in withholding taxes than they needed or because they can claim exemptions. If you are planning to file for… Read More »
4 Reasons Not to Delay Your Bankruptcy Filing—and One Situation where It Makes Sense
Far too many people struggle for years with mountains of debt, living under constant stress and not getting ahead financially. In truth, many debtors wait far too long before filing for bankruptcy and would have been better off had they filed sooner. As seasoned Plantation bankruptcy attorneys, we encourage distressed debtors to meet with… Read More »
Has the World Binged on Debt?
Debt is not entirely bad. In fact, it allows people to accomplish all sorts of goals. Imagine if you could not buy a house until you had saved the entire purchase price. Many people would never be able to own a home because they would be spending all of their money on rent. Nevertheless,… Read More »