Category Archives: Chapter 7
Rebuilding Your Finances After Gambling Addiction
In desperate financial times, people tend to rely on gambling as a source of income. Sometime in the 1990s, when Las Vegas was beginning to cultivate a family friendly image where you were as likely to return to your hotel room with your young child and an oversized teddy bear she had won at… Read More »
What is the Statement of Intention in Chapter 7 Bankruptcy?
Of all the different types of bankruptcy, Chapter 7 is perhaps the most common. Like all other types of bankruptcy, there are certain requirements borrowers must meet when filing Chapter 7. One of these is filing the statement of intention. If you do not submit a statement of intention, your case might be dismissed… Read More »
Documents Needed When Filing Chapter 7 Bankruptcy
Filing Chapter 7 bankruptcy in Florida is a complicated process that requires careful attention to detail. Collecting and submitting the necessary documents is one of the most important parts of the process. When filing Chapter 7, you will have to submit approximately 50 different documents, or even more. Below, our Florida Chapter 7 bankruptcy… Read More »
Bankruptcy Clinics
Now that tax refund season is here, those of us who have lived from paycheck to paycheck all year have started daydreaming about how we will spend our tax refund money when it arrives. Gone are the days when people used their tax refunds to buy a new car; with the price of cars… Read More »
What is the Means Test in Chapter 7 Bankruptcy?
Filing bankruptcy is a great option for people who are struggling with significant debt that they cannot repay. However, not everyone is eligible to have their debt discharged, or eliminated. As part of the massive bankruptcy reform that occurred in 2005, the means test was introduced as one of the main requirements for anyone… Read More »
Keeping Your Car in a Bankruptcy Case
Filing for bankruptcy can simplify your life by making your eligible debts disappear quickly, as in a chapter 7 case, or by combining them into one monthly payment, as in a chapter 13 bankruptcy filing. It can also make life more complicated, and not only because it stays on your credit report for a… Read More »
Should You File for Bankruptcy With or Without a Lawyer?
Most New Year’s resolutions fall apart quickly, especially those where you resolve to make permanent changes to which you can recommit on a daily basis or those where the outcome is largely outside your control. For example, most of the people who resolve to never eat junk food again do not make it past… Read More »
Wait Times Between Bankruptcy Filings
Filing for bankruptcy feels like a reset, like accessing a bonus life in a video game, but how many bonus lives do you get? Seeing your debts disappear is exhilarating, or at least it brings you a feeling of relief, but then life goes on. Eventually, the record of the bankruptcy case even disappears… Read More »
Beware of Bottom of the Barrel Bankruptcy Filings
On the first business Monday of every year, employees of the family court order their morning coffee with an extra shot of espresso and head to work to find the biggest stack of new divorce filings that they will see all year. While epic fights during the holidays are the impetus behind some of… Read More »
The Ugly Truth About Filing for Bankruptcy Before Age 30
By now you have heard all the gloom and doom about how the current generation of young adults have had debt hanging over their heads since the minute they entered the workforce, if not earlier, and it will continue to follow them around for the rest of their lives, even if they live to… Read More »