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Bankruptcy: What is the Process?

For some people, filing a personal bankruptcy can provide the opportunity for them to reset their finances and give them hope for the future. It can provide a new chapter free from the debts that many times accrue through no fault of the debtor. A…

Homestead Exemption to Protect Your Home When Filing Bankruptcy

When it comes to protecting equity in a home, Florida residents can get some valuable relief should they be forced into bankruptcy. Under Florida state law, a homestead exemption not only saves residents thousands in property taxes, but specifically protects the investment in a person’s property when…

Options for Florida Bankruptcy

Bankruptcy is something that attorneys see a lot of in the State of Florida – for example, (as reported by state courts), there were a total of almost 24,000 bankruptcy cases adjudicated at of the end of December last year in United States Bankruptcy Court for the…

5 Ways to Improve Your Credit Score

According to statistics, the average FICO credit score is currently 695, an all-time high in the United States. Although there are different scoring models, resulting in the fluctuation of this figure by a few points, the majority fall between 660 and 720. Roughly 14% of the population…

Understanding Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is, to put it simply, a type of court-supervised payment plan. When you enter into this agreement, you will pay your unsecured and secured creditors each month, based on your income and any reasonable expenses. It is a court ordered reorganization…

Should I File for Bankruptcy in Orlando?

The decision on whether or not to file some sort of bankruptcy is a big one and it will affect your finances and credit for years to come. And although the number of bankruptcies filed has been dropping in recent years, there were still over 800,000…

Tips for Rebuilding Your Credit after Bankruptcy

In 2016, almost 1 million people in the U.S. filed for some form of bankruptcy, the most common being Chapter 7 protection, which differs from Chapter 13 in that a repayment plan does not need to be filed. Those who file for Chapter 7 will take a major hit on their…

Can Creditors Report Debts Barred by the Statute of Limitations?

Your financial well-being can take a huge hit if there is negative information on your credit report. It may disqualify you from being approved for a home mortgage or a car loan, or result in your interest rates soaring. In some cases, it may even…

Does a Notice of Garnishment Hearing Eliminate all Your Options?

As you continue to deal with the ever-mounting debt that you have accumulated, it may feel as though you can physically feel the weight of these debts. Having outstanding balances can lead to quite a bit of stress and even if you want to get…

You Can’t Just Declare Bankruptcy

There are many circumstances that people, both young and old, are facing that has them considering declaring bankruptcy. This may not be as easy as one with no experience in this area of law may believe it to be. There are many reasons to choose…

Passing the Means Test in Florida

In 2005 a new bankruptcy law was passed to make it harder for those who had run up unsecured debt to declare bankruptcy. The banking industry wanted to have those with higher incomes pay off some of the unsecured debt that these individuals were responsible…

How to File for Bankruptcy with No Money

If you have ever searched online, “how to file bankruptcy with no money,” you have likely come across a few ads offering the so-called free services to file bankruptcy. As with anything else in life, these offers are too good to be true. If you…

How a Personal Bankruptcy can Affect Your Credit Score

Many Florida residents who are struggling to cope with their overwhelming debt are reluctant to file for bankruptcy. There are several reasons for this hesitation. Some avoid seeking this type of debt relieve because they think filing under Chapter 13 or Chapter 7 will result…

Oh No! Not Again: Tips on Avoiding a Second Bankruptcy

Going through the process of filing for bankruptcy can be very stressful. Seeking out the help of knowledgeable legal professionals is a must when trying to get through the bankruptcy process with ease. Nearly 600,000 file for bankruptcy each year and most of them are under the…

How to Become a Lean and Mean Debt Paying Machine

Whether you are trying to pay off debts before or after a bankruptcy filing, there are a number of things you need to do to avoid mistakes along the way. Over 94,000 people file for bankruptcy in the state of Florida each year. For those who…

Setting the Record Straight: Common Bankruptcy Myths You Don’t Need to Believe

For years, people have had a number of misconceptions about the bankruptcy process. In some cases, these misconceptions will cause a person not to file for bankruptcy even when they need to. Rather than letting your debts consume your life, you need to reach out…

How To Deal With Creditors Before and After Filing Bankruptcy

Paying bills is a natural part of life. There may come a time when you will have a hard time making ends meet. Losing a job or even being underemployed can cause a variety of financial problems. If you find yourself unable to pay your…

Tips for Handling the Bankruptcy 341 Meeting

If you have decided to file for bankruptcy, there are several tasks and responsibilities you have. Even a simple Chapter 7 bankruptcy involves a complicated legal procedure in federal court. One of the things you need to understand is the bankruptcy 341 meeting. This is a…

Coordinating the Timing of Your Bankruptcy and Your Tax Refund

It’s that time of year when people begin preparing to file their taxes and begin planning on where to spend that anticipated refund. We want to be sure you use your refund in a manner that will be help your bankruptcy go smoothly. If you…

What Not to do Before Filing Bankruptcy in Orlando

Are you ready for a bit of financial relief? Do you need to find a way to avoid having to struggle to pay your bills each month? If so, then filing for bankruptcy in Orlando is likely pretty appealing. However, if you are going to take…

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