Category Archives: Chapter 7
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 »
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 »
Can You Discharge Student Loan Debt in Bankruptcy Court?
In today’s dismal financial climate, almost everyone fantasizes about filing for bankruptcy protections. Even though bankruptcy filings have increased since financial long COVID set in, and even though more than 90 percent of bankruptcy cases that make it to the filing stage result in the discharge of some debts, only a fraction of the… 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 »
Florida Bankruptcy Filings Spike
Whatever metric you are using as a proverbial canary in the coal mine to assess the health of the economy recently, it is not doing well; everything that has yellow feathers on the outside has black lungs on the inside. Prices are high, wages are low, and the number of gigs listed on Craigslist… Read More »
Recent Trends in Florida Bankruptcy Cases
By some indications, the economy is doing well, but everyone you know is dragging themselves through life under a dark cloud of financial stress. Nearly a quarter of the American workforce is marginally employed. Yes, they get a paycheck, but it is through gigs, or else through a part-time job where the hours are… Read More »