If I File For Bankruptcy, Do I Lose My Workers Compensation Settlement Money?

If I File For Bankruptcy, Do I Lose My Workers Compensation Settlement Money?

What happens to your workers compensation settlement?

Filing for bankruptcy is an important decision, and there are many factors to consider. If you have received a workers compensation settlement as a result of a workers compensation claim, you may worry that filing for bankruptcy will cause you to lose this money. However, the State of Florida has protections in place specifically to exclude your workers compensation benefits and settlements from creditors’ claims.        Continue Reading

Florida Judgments and Bankruptcy: Learn More About The Debt Collection Process

Florida Judgments and Bankruptcy

Florida judgments seem to be finding their way to my bankruptcy practice lately.  As a result of a new law relating to mortgage foreclosure deficiencies, I am having to help more people who find themselves at the receiving end of the debt collection process.  They are surprised to be getting sued, even though their foreclosure is long over.  What they, and any person who is in financial distress, need to understand is that a Florida judgment is the most pernicious form of creditor action, for which there is no real cure other than bankruptcy.        Continue Reading

Rules for Filing Chapter 7 Bankruptcy in Orlando

Rules for Filing Chapter 7 Bankruptcy in Orlando

Orlando residents who are considering filing chapter 7 bankruptcy should know the rules that apply to their financial transactions.  Filing chapter 7 bankruptcy is based on a very simple agreement with the Orlando bankruptcy court: you will receive an almost immediate discharge of all your debts, in exchange for your agreement to surrender to the court your non-exempt property.  Now, most people who are filing chapter 7 bankruptcy in Orlando do not have to surrender any property.  That is because Florida law provides exemptions that protect the debtor’s property from having to be surrendered.  Please read my other postings on this blog that discuss what you get to keep in a chapter 7 bankruptcy.  However, for individuals and families that have more property than the exemptions allow, there are rules that apply to financial transactions that occur before filing chapter 7 bankruptcy.  These rules are designed to prevent a person from “hiding” non-exempt property and then simply getting it back after bankruptcy to avoid having to surrender it to the court.        Continue Reading

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