Category Archives: Chapter 13
How to benefit from a Chapter 13 bankruptcy
Florida residents who are facing financial difficulties might be interested in learning about how they can benefit from filing for bankruptcy under Chapter 13. This chapter helps filers who have a consistent income to reorganize their debt into an affordable payment plan. While most of a person’s non-exampt assets are liquidated in a Chapter… Read More »
Defining the bankruptcy estate in Chapter 13
When Florida residents find themselves overwhelmed with debt, they may decide to seek relief and a fresh financial start in bankruptcy. Depending on their finances and circumstances, these debtors may agree to set up a manageable payment plan through Chapter 13 bankruptcy. In a Chapter 13 bankruptcy, a debtor who has a steady income… Read More »
Bankruptcy and identity theft
When Florida residents are victims of identity theft, it is not unusual to have feelings of helplessness and frustration. This is particularly true when they find that the identity thief has been using their credit history to open credit and loan accounts in their name. If not caught in time, identity theft can cause… Read More »
Helping people understand bankruptcy
When Florida residents are facing financial problems, they may look to bankruptcy as a solution. It offers many benefits, and it may not be as hard to file for as some may believe. However, it may also be a good idea to consider other options prior to filing. For instance, it may be in… Read More »
Avoiding bankruptcy
Florida residents who are struggling with large amounts of debt may feel overwhelmed and confused about how to manage their situation. While many realize that bankruptcy may be an option, they are often reluctant to go that route. This is due to a number of factors including negative feelings about bankruptcy, concern about what… Read More »
Collections agencies pursuing consumers for zombie debts
As credit and debt become larger parts of American life, the debt collection industry has spawned a new term, zombie debt. Some Florida residents may already be familiar with the term, which refers to dormant bills brought back to life, so to speak, by debt collection companies. In some cases, zombie debt may arise… Read More »
Studies show unconscious racial bias in bankruptcy filings
The two primary forms of bankruptcy for Florida consumers are Chapter 7 and Chapter 13. Which one is filed under will depend on a variety of factors, including the person’s income and expenses and whether the person is employed. Although the factors that go into a bankruptcy filing do not have anything to do… Read More »
How creditors collect secured and unsecured debts
Florida residents who are overwhelmed by their financial obligations may have a combination of secured and unsecured debts. Secured debts are loans that are tied to physical property that can be seized if the debtor defaults. The most common examples of secured debts are home mortgages and auto loans. Unsecured debts are credit cards,… Read More »
Giving DEBT debt the once-over
Many Florida residents carry some form of debt. While they may have a negative view of owing money, financial experts are quick to note that there are different types of debt. In fact, sometimes owing money can actually be positive and beneficial to one’s overall financial health. For people who are concerned about their… Read More »
Decision on time-barred debt collections
Florida residents who are in debt may be interested in an impending decision of the U.S. Supreme Court regarding collection actions against time-barred obligations. Specifically, it will determine whether the act of filing a proof of claim in a bankruptcy case for a debt that is beyond the statute of limitations qualifies as a… Read More »