Category Archives: Chapter 13
Differences between Chapter 7 and 13 bankruptcy filings
Florida residents thinking of filing for personal bankruptcy might like to know the difference between a Chapter 7 and a Chapter 13. The majority of people select Chapter 7 instead of Chapter 13. In fact, for 2015, of more than 800,000 personal bankruptcy filings that occurred during 2015, almost two-thirds were Chapter 7 and… Read More »
Options for avoiding foreclosure
Although the overall economic climate in the United States has improved from what it was during the financial crisis, the need to stop foreclosure remains a pressing issue for many homeowners. Some parts of the country have communities in which 20 percent or more of the homes have market values that are below the… Read More »
How bankruptcy affects credit scores
People in Florida who are unable to pay back all of their debts may consider filing for bankruptcy. The process can eliminate most unsecured debts that are owed or help debtors to establish a repayment plan that they can afford. While there are many benefits to filing for bankruptcy, one of the drawbacks is… Read More »
Eligibility requirements filing for bankruptcy under Chapter 13
Filing for bankruptcy may be an option for Florida residents looking for a way to stop debt-related lawsuits. Chapter 13 bankruptcy can stop wage garnishments and repossessions while allowing debtors to reorganize their obligations through a manageable payment plan. As a general rule, as long as a person makes the payments as required, creditors… Read More »
Personal bankruptcies decline as commercial filings soar
Florida residents may not be surprised to learn that bankruptcy filings have been falling in recent years after surging in the wake of the 2008 financial crisis. Figures for the first quarter of 2016 from the American Bankruptcy Institute show a 5 percent drop in bankruptcy filings compared to the same period in 2015,… Read More »
Filing for Chapter 13
Florida consumers who wish to file for bankruptcy protection while keeping their assets may qualify for Chapter 13 bankruptcy. Their debts are repaid over a period of up to five years unlike Chapter 7 cases that may be settled within months. Payments are made under a court-approved plan that is overseen by a bankruptcy… Read More »
Let our law firm help get you out of medical debt
Our firm is dedicated to getting our Florida clients out of debt so that they can get on with their lives. We understand that with today’s skyrocketing medical costs and high-deductible insurance plans, many Americans are left struggling to pay off their medical debts. Even one trip to the hospital because of a heart… Read More »
The role of a bankruptcy trustee in Florida
When an individual files for bankruptcy, his or her property is put into what is known as a bankruptcy estate. This estate is a separate entity from the individual who filed for bankruptcy protection. The person charged with overseeing this estate is called the trustee. What the trustee actually does depends on the type… Read More »
Applying for a car loan after bankruptcy
People in Florida who have filed for bankruptcy might wonder if they can get an auto loan. While it is still possible to get a loan after a bankruptcy filing, it may be more difficult, and how the loan is applied for depends on the type of bankruptcy. A Chapter 7 filing is the… Read More »
How to buy a car during a Chapter 13 bankruptcy
A Florida resident who files for Chapter 13 bankruptcy will enter into a repayment plan lasting between three and five years for the debts that are owed. The repayment plan is overseen by the bankruptcy trustee, and any new debt that the filer wants to incur during that time must first be approved. In… Read More »