Category Archives: Personal Bankruptcy
Moving into the golden years without the burden of debt
Have you spent years planning and saving for your golden years? Chances are, you don’t want anything to come between you and your desired retirement age. However, you may have some concerns about moving into the later years with your debts. The financial weight of monetary obligations can be extreme. If you are dealing… Read More »
Means test, what’s that?
Are you in a tough financial spot right now? Do you feel like you’ll never get out of it? Have you ever wondered if a Chapter 7 bankruptcy filing is right for you? If you answered yes to any of these questions, you are not alone. Many Florida residents have been or are in… Read More »
Are you among those drowning in debt?
How did this happen? It is a question you likely ask yourself on a daily basis as you struggle to figure out how you are going to pay what you owe. Just when you think you see a light at the end of the tunnel, something else comes along to stretch your budget further…. Read More »
Don’t use your retirement savings to pay off your debts
Are you dealing with financial difficulties right now? Are you buried by credit card or medical debt? Are you behind on your mortgage payments? If you are struggling with debt and trying to decide how to pay it off, the last thing you want to do is pay it off with your savings or… Read More »
Are you having financial difficulties? You are not alone
No matter how well you plan for retirement or financial stability, a health concern or a lost job can quickly throw your future off track. Even incredibly wealthy people can find themselves in similar financial straits; drowning in debt due to circumstances beyond their control. Teen idol in financial straits In the 1970s, David… Read More »
What are the differences between Chapter 7 and Chapter 13 bankruptcy?
What are the differences between Chapter 7 and Chapter 13 bankruptcy? Many people who are facing foreclosure seek bankruptcy protection as a way to save their homes. For some people, however, knowing which chapter to choose can be confusing. By taking the time to understand the basic differences between Chapter 7 and Chapter 13,… Read More »
Can bankruptcy eliminate tax debt?
While the federal income tax filing deadline has come and gone, there are many who have not filed their tax returns yet. Some have filed for an extension; hoping to find additional exemptions that will potentially lower their tax bill. But there are others who have simply not filed out of fear that they… Read More »
Why you should not be ashamed of bankruptcy
At first thought, you may think of bankruptcy as the “loser’s” way out of debt; essentially giving up on your efforts to pay bills that will forever label you as a cheat or deadbeat. However, you may soon learn that millions of Americans seek bankruptcy protection every year, and they all have one thing… Read More »
Financial windfall may not keep you out of bankrutpcy
Money problems that lead to the need for bankruptcy protection usually do not occur overnight. A sudden cash influx is a dream of many facing dire financial issues. While it may provide immediate relief, spending habits must change. Many lottery jackpot hopefuls believe that the right numbers will end their stress over finances. For… Read More »
Is there an ideal time to file for bankruptcy protection?
Constantly dealing with debt can be emotionally draining. Just when you think there is light at the end of the proverbial tunnel of debt, it is only an oncoming train loaded with more expenses that you are not ready to deal with. The continuous creditor phone calls, the warnings in the mail and the… Read More »