Category Archives: Bankruptcy
Can a Mindset Shift Get You Out of Debt?
There are so many books, podcasts, and social media channels about thinking your way to wealth, but it isn’t that simple. If it were, everyone with a vivid enough imagination would be financially secure. As it stands, the only people getting rich from the “think yourself rich” industry are the authors of the books… Read More »
Avoiding Disaster After a Job Loss
Some people tell inspiring stories that begin with them losing their jobs. What they all have in common is that they are telling you the stories after the plot has resolved. When it first happened, they did not know how long it would be until they found a new job, started a business, or… Read More »
Does Bankruptcy Protect You From Lawsuit Judgments?
The financial hardships that lead people to file for bankruptcy protection are many. Some people file for bankruptcy because of a job loss or because the medical bills from a serious injury or illness ruined their finances, even if they were able to return to the workforce after they recovered from the health crisis…. Read More »
Tax Debt and Bankruptcy Protection
Taxes are burdensome for everyone. If you are so poor that you get a tax refund, the refund you get is not enough to make much of a dent in your financial hardship. If you look financially secure on paper, the IRS shatters that illusion every year when you have to pay most of… Read More »
Filing for Bankruptcy in a Dismal Job Market
Remember the Great Resignation of 2021? It now seems ridiculous that people would quit their jobs on purpose, with no plan set up for new employment, and expect to survive economically. Today, who would choose to be unemployed? Prices have gotten so high, with little hope of relief. To add insult to injury, even… Read More »
What Happens to the Money in Your Bank Account If You File for Bankruptcy?
A bankruptcy case is an agreement between you and the court. The court agrees to make eligible creditors go away and stop trying to collect debts that you cannot repay. In exchange, you must be transparent with the court about your financial situation so that you pay an amount toward your debts that, according… Read More »
Filing for Bankruptcy After Your Small Business Plans Don’t Pan Out
Opening a small business involves a major investment of hope. The investment of capital that you put into opening your business might seem like a drop in the bucket for corporate giants, but it represents a substantial part of everything you have ever owned. You enter the business venture with the goal that, even… Read More »
The Florida Bankruptcy Means Test
Yes, everyone has the right to file for bankruptcy protection, but that is not the whole story. Most people who have seriously considered filing for bankruptcy have heard the terms chapter 7 and chapter 13. If someone you know has filed for bankruptcy, you might even know how the chapter 7 or chapter 13… Read More »
How Do Bankruptcy Cases End?
You might remember from high school English literature class that the end of a story or stage play is called the denouement, but that the category of the denouement is further subdivided. If the story is a comedy or otherwise has a happy ending, then the denouement of the story is called the resolution,… Read More »
Is Chapter 7 Bankruptcy the Financial Reset You Need?
When the pandemic hit, what seems like a lifetime ago, you thought that the financial stress would be temporary. You canceled your subscriptions and devoted your free time to gig work in an effort to supplement your income until better times returned. Even though COVID infections and people’s efforts to avoid them no longer… Read More »