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Posts tagged "Chapter 7 bankruptcy"

Conquering the feelings of shame over bankruptcy

If you struggled each month to pay your bills and often postponed one or more payments until your next paycheck, you didn't need anyone to tell you that you were in financial trouble. In fact, you may have lived in fear that today would be the day it all fell apart. Then one day, the car broke down, someone in the family got sick or the refrigerator stopped working, and the delicate house of cards you had built to keep your creditors at bay may have come crashing down around you.

Bankruptcy and protecting your home: Part II

Even though bankruptcy may be the best option for countless Florida families struggling with debt, many avoid the idea all together - often because of the mistaken belief that they will lose everything they own, including their home.

Are inherited IRAs protected in bankruptcy?

One of the many benefits of bankruptcy is that individual retirement accounts, better known as IRAs, are protected up to roughly $1.2 million. That means any assets held in IRAs up to that amount would not have to be liquidated in the event of a Chapter 7 bankruptcy.

Preventing personal bankruptcy begins at a young age

Parenting involves striking the fragile balance between teaching children effective life strategies and allowing them to make some mistakes in order to learn by experience. In fact, sometimes the most effective way to learn a lesson is to fail. Unfortunately, however, some mistakes are more difficult to bounce back from than others. The state of Florida is responding to evidence that people’s financial futures can depend largely on early education by considering legislation and teaching practices.

An introduction to Chapter 13 bankruptcy

Many Florida residents understand that they need help to address serious financial challenges, but they may not always know what kind of assistance for legal options they are entitled to. Filing for bankruptcy is one option that has proven to be very successful for countless Americans throughout the years, but different forms of bankruptcy can be more helpful to people under specific circumstances.

Could student loans be dispelled through personal bankruptcy?

Millions of Americans are struggling with major financial issues, and unpaid student loan debt is a major part of the problem for many. Making the decision to attend a Florida university is often based at least partly on the prospect of improving one’s ultimate earning potential, but too many college graduates are learning the hard way that employment factors and staggering student loan costs are keeping them financially strained.

Why filing for bankruptcy in FL is so important to one man

Legal troubles can quickly result in financial difficulties, as individuals are often forced to commit a great deal of their financial resources to defending themselves in court over an extended period of time. It’s for that reason that the opportunity to file for Chapter 13 or Chapter 7 bankruptcy in the state of Florida is taken so seriously by some of those confronted with the prospect of conviction.

One mans Chapter 7 didn't tell whole story

The process of filing for bankruptcy can be long and complicated in some cases. In fact, anyone considering bankruptcy in Miami, Florida, is advised to first consult with an experienced bankruptcy law attorney in order to determine whether Chapter 7 bankruptcy is the best option for them, as well as guarantee that the process is completed correctly. One case illustrates how failing to fully disclose the facts about one’s financial situation can seriously impact your personal bankruptcy case.

Bankruptcy: the true cost of medical bills

For the countless Miami, Florida, residents contending with substantial medical-related debts, the gravity of the issue is well understood. In fact, it’s no surprise to many Americans that financial challenges stemming from unmanageable medical bills account for a huge percentage of Chapter 7 bankruptcy cases filed every year. That is why seeking the advice of a trusted bankruptcy law attorney in the face of insurmountable credit card debt and medical costs can go a long way to ensure one’s financial security and peace of mind.

The truth about filing for bankruptcy

For many people living in Broward County, Florida, filing for bankruptcy implies negligence or failure to manage one's personal finances correctly. Those that have faced serious financial challenges in recent years understand, however, that there are instances where Chapter 13 and Chapter 7 bankruptcy are the most effective and responsible options available to individuals that have accumulated an unmanageable amount of personal debt. Here are a few key points about what personal bankruptcy can and can't do for people around the country.

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