Category Archives: Chapter 13
Understanding debt management and bankruptcy
Many Florida residents are struggling with unmanageable amounts of debt. They may be using credit cards to pay the minimums on yet other credit cards, have debt collectors calling them, be on the verge of eviction and other issues. A person who is in this type of situation may benefit by filing for bankruptcy… Read More »
Keeping debt collectors honest
When Florida residents charge items on a credit card, it is their responsibility to pay off what is owed. It is also the responsibility of debt collectors to make sure that obligations are repaid in a timely manner. While most people believe that debt collection agencies are legitimate businesses, their methods of getting the… Read More »
Student loan debt refief scams proliferate
Many recent Florida college graduates are attempting to deal with their burden of student loan debt, and they are sometimes finding themselves preyed upon by unethical companies that promise debt relief but deliver only more economic harm. These organizations skirt the law, sometimes straying into fraud in their attempt to take advantage of needy… Read More »
What to do before filing for bankruptcy
For Florida residents who cannot repay their debts, bankruptcy can be a way to get a financial fresh start. One of the first things they should do is to make sure that they have explored all of their other options such as credit counseling and debt consolidation. After they have determined that filing for… Read More »
The means test in bankruptcy
Hard economic times force many Florida residents to consider the option of filing for personal bankruptcy. Debt relief and the promise to stop creditor harassment are only two of major incentives behind those trying to determine their eligibility to file under Chapter 7 or Chapter 13. As well as differences in length of time… Read More »
Rapper files for Chapter 13 bankruptcy protection
Florida residents may be interested to know that rapper Petey Pablo filed a Chapter 13 bankruptcy petition in North Carolina in April 2016. According to reports, he had roughly $50,000 in both assets and liabilities at the time of the filing. His creditors included Ford Motor Credit, Planet Fitness and the IRS. This is… Read More »
Consumers saving more, but also have credit card debt
An April 2016 survey suggests that people are trying to save more money, but more of them also have increased credit card debt. These two facts may eventually create a conflict. The survey looked at 1,600 adults. More than one-quarter reported making an effort to save more, and this was up slightly from the… Read More »
Debtor in Chapter 13 dismissal must pay lawyer fees
If Florida debtors file for Chapter 13 bankruptcy, their case is dismissed without confirmation, and the lawyer fees are returned to the debtor by mistake, the lawyer may be able to recover those fees. This was the April 14 ruling by the U.S. Bankruptcy Appellate Panel for the 1st Circuit. In doing so, the… Read More »
Refinancing a mortgage after filing for Chapter 13
After filing a Chapter 13 bankruptcy petition and starting on the required repayment plan, some Florida residents may wonder how soon they might be able to apply to refinance the mortgage on their homes. Some people want to do so while they are still in the repayment plan period. For others who have completed… Read More »
Research being done on individual Chapter 11 filings
Florida residents who have a lot of debt and the ability to earn future income may decide to file Chapter 11 bankruptcy. Though Chapter 11 is typically used by businesses, it is available to consumers as well. A preliminary report by the American Bankruptcy Institute’s Task Force on Individual Chapter 11 found that somewhere… Read More »