Category Archives: Personal Bankruptcy
How do Chapter 7 bankruptcy and Chapter 13 bankruptcy differ
Chapter 7 bankruptcy and Chapter 13 bankruptcy differ in the way that they address debt, treat personal assets and assess the eligibility of consumers. Each year, thousands of people in Miami and other nearby areas seek relief from debt by filing bankruptcy. In 2015 alone, 22,406 bankruptcy filings were reported in the U.S. Bankruptcy… Read More »
Supreme Court declines to hear student loan case involving bankruptcy
Bankruptcy discharge for student loans will remain challenging Determining why the Supreme Court decides not to hear a case is an exercise in frustration. The Court grants what is known as “cert petitions” when at least four justices agree to hear the case. The Court typically will accept cases where there is an important… Read More »
The treatment of secured and unsecured debts in bankruptcy
If you are having financial problems, you may be considering bankruptcy, but would like to know what would happen to your debts after the process has been completed. In general, this depends on the types of debts that you have-whether they are secured or unsecured. In bankruptcy, each type of debt meets a different… Read More »
South Florida continues to struggle with foreclosures
According to the most recent data, areas of South Florida are still feeling some aftershocks from the recession of 2008. According to data released by RealtyTrac, one out of every 87 homes in Miami-Date, Palm Beach and Broward counties is in foreclosure, making the area the sixth highest foreclosure rate of all major metro… Read More »
Don’t let rumors discourage you from filing Chapter 7 bankruptcy
Many people do not consider Chapter 7 because of unpleasant rumors they have heard. If you are one of the many Americans struggling to make financial ends meet, you may have heard about the relief that Chapter 7 can provide. However, you may have stopped short of taking advantage of it, because you have… Read More »
How could bankruptcy prevent a foreclosure on my Florida home?
It may be possible for Floridians to prevent the foreclosure of their home through filing for bankruptcy. According to the Clerk of the Courts for Miami-Dade County in Florida, there have been 3,658 foreclosure filings so far this year. It is a sad fact that so many people every year lose their homes, often… Read More »
What to expect if you file for bankruptcy
It is never easy to make the decisions to file for bankruptcy. In most cases, this decision comes after months of missed or late payments and harassment from creditors. For many consumers, bankruptcy provides them with a chance to start over and obtain a better financial future. It allows you to confront and deal… Read More »
Will I lose my property if I file for Chapter 7 bankruptcy?
The decision to file for bankruptcy is not an easy one to make. Even when dealing with overwhelming debt, there are many reasons why you may be hesitant to take this step. What will filing for bankruptcy mean for my life? One reason for avoiding bankruptcy is the fear of losing personal property. However,… Read More »
Is bankruptcy a viable solution to your money trouble?
Has the cost of living in Florida been challenging for you to meet at times? If so, you’re definitely not alone and most people encounter financial problems at some time in their lives. How you do know, however, if your current issues are merely temporary, bump-in-the-road type problems, or if you may need to… Read More »
Benefits of bankruptcy: Is it right for you?
If you are constantly dealing with overwhelming financial burdens, like many others, you may be in search of relief from the hardships of debt. Suffering through prolonged periods of monetary struggles can have a significant impact on your quality of life, but you may also have some concerns about how a bankruptcy will affect… Read More »