Category Archives: Chapter 7
Credit Counseling And Your Bankruptcy Case
No two bankruptcy cases are exactly alike, but filing for bankruptcy protection is never anyone’s first attempt to get out of debt. People only file for bankruptcy after they have made every effort to reduce their discretionary spending, increase their earnings, and buy time to repay their debts. Why, then, does the court require… Read More »
Discharging Tax Debts In Bankruptcy Is Easier Than You Might Expect
One of the best things about filing for bankruptcy is that you get to tell your creditors to get lost. Medical bills, credit card debts, and unsecured personal loans that have been making you miserable for years disappear a few months after you file for chapter 7 bankruptcy or a few years after a… Read More »
Filing For Bankruptcy Protection Can Solve Some Of Your Financial Problems, But Not All Of Them
Bankruptcy can make you debt-free virtually overnight, but it can also sharply decrease your credit score and require you to give up valuable assets. Does filing for bankruptcy make your financial situation better or worse, then? Everyone has the right to file for bankruptcy protection as long as a certain amount of time has… Read More »
Florida Celebrity Bankruptcy Files: Lawrence Taylor
Anyone who watched television in the early 1990s remembers those “this is your brain on drugs” public service announcements. Those public service announcements did not mention the damage that drug addiction can do to your health, personal relationships, and finances. Rebuilding your life after achieving sobriety is no simple task, and one of the… Read More »
Should You Reaffirm Your Debts In Bankruptcy?
When you declare bankruptcy protection, the court will discharge some of your debts. If it is a chapter 7 bankruptcy filing, it may sell some of your assets in order to settle as many of your debts as possible. The court will not sell any of your assets until after it thoroughly assesses your… Read More »
Bankruptcy Fraud Red Flags
Tax debts and criminal fines are among the kinds of debt that you cannot discharge when you file for bankruptcy protection. Another thing that filing taxes and filing for bankruptcy have in common is that it is easy to make mistakes on the paperwork, and the temptation is palpable to fib in order to… Read More »
Can You Discharge Private Student Loans In Bankruptcy?
Student loans are among the most difficult kinds of debt to get rid of. Most consumer debt, including credit card debt and medical bills, is easily discharged in bankruptcy. Bankruptcy will not erase overdue alimony and child support, but if the family court has placed financial obligations on you that you are unable to… Read More »
Florida Celebrity Bankruptcy Files: David Cassidy
Sordid tales of fresh-faced child stars who grew up to have an above average share of adult problems are their own subgenre of celebrity gossip. The public seems to get a kick out of hearing the names of celebrities whose squeaky-clean teenybopper image once set an impossible standard for their audiences to live up… Read More »
Florida Celebrity Bankruptcy Files: Antoine Walker
Several years ago, ESPN made an entire series of rags to riches to rags stories of professional athletes who gained immense wealth during their sports careers, only to lose their fortune several years later. Viewers who lack athletic talent watched the show with Schadenfreude, thinking that people who made their money through boring jobs… Read More »
What Is The Difference Between Discharge And Dismissal In A Bankruptcy Case?
In bankruptcy cases, as with many other legal matters, many words mean something other than their usual meanings. On the surface, bankruptcy seems to mean not having any money, but the legal term is actually “bankruptcy protection,” where the court decides which of your possessions and how much of your money creditors cannot take… Read More »