Tag Archives: personal bankruptcy
New rules on federal exemptions help clarify wage garnishment
Just getting by from day to day can be difficult enough for many Floridians with financial challenges, without the worry of having their wages garnished to pay off their creditors. Millions of people might find themselves facing wage garnishments before filing for bankruptcy. Some exemptions have been put in place to prevent people with… Read More »
Bank of America fined for Orange County mortgage abuse
The $9.3 billion settlement between major banks and the federal government was supposed to provide aid to homeowners in the struggling economy. The agreement was meant to protect them against the types of abusive foreclosure activities lenders were practicing with the “robo-signing” scandal and other actions. But some Florida consumers, judges, and bankruptcy lawyers… Read More »
Slow Florida foreclosure process can delay home price increases
Florida remains the leader in the nation’s foreclosures, and is also the state where home repossession takes the longest, lingering the court system for an average of 31 months. Some consumer advocates say this lengthy process is meant to benefit homeowners who are struggling with financial challenges. This could give them time to put… Read More »
High student loan rates can make paying down debts difficult
People in Florida who struggle with credit card debt and pay lots of interest in other types of loans may have had the opportunity to refinance their debt — sometimes avoiding personal bankruptcy in the process. But while people in Fort Lauderdale and around the country have been able to refinance mortgages, car loans… Read More »