Recent Blog Posts
A Recent Example Of The Consequences Of Bankruptcy Fraud Allegations
According to the Department of Justice, Dan Kamensky, the founder of hedge fund Marble Ridge Capital, pled guilty in February to bankruptcy fraud related to Neiman Marcus. The hedge fund founder pled in response to allegations of a scheme to pressure a rival bidder to abandon its higher bid for assets in connection with… Read More »
Why Bankruptcy May be the Solution for Your Medical Debt
If you are one of the millions of Americans who is struggling to pay bills due to unexpected medical debt, you are not alone. Unfortunately, no one can predict or prevent a major health issue. When an emergency happens you simply have to figure out a way to get treatment – even if it’s… Read More »
Your Tax Refund and Bankruptcy
The end of tax season can mean getting a substantial refund which is something that many Americans look forward to every spring and even this year when the deadline has been extended. In Fiscal Year 2019, the IRS collected more than $3.5 trillion in gross taxes and issued almost 122 million tax refunds that… Read More »
Empty Threats Commonly Made By Debt Collectors
The realization that you are having serious financial problems you don’t have a solution to is hard enough to face. The last thing anyone who is already under financial stress needs is more stress in the form of ongoing contact with debt collectors. But unfortunately, those who are suffering the most financially often experience… Read More »
Can You Be Arrested for Failing to Pay Debt?
Once upon a time, debtors would get sent to prison for failing to pay a debt. The famed English novelist Charles Dickens’ own father was sent to debtor’s prison when Dickens was a boy. In the United States, we have done away with debtor’s prison, which means that you will not be sent to… Read More »
Protecting a Loan Cosigner in Bankruptcy
People with poor or no credit often need someone else to cosign on a loan. Legally, this means the cosigner is responsible for paying any debt that is unpaid. If your mother cosigns your car loan, she’s on the hook should you default on payments. Many of our clients have cosigners on loans and… Read More »
Can You Negotiate Debt with a Credit Card Company?
According to The Balance, the average Floridian carries over $8,000 in credit card debt. With high interest rates, this debt can become unsustainable. Many people would like to negotiate with their credit card company. But is that possible? The answer is a big “maybe.” Credit card companies differ in their willingness to negotiate with… Read More »
Should You Redeem Your Repossessed Vehicle?
Having your car repossessed is embarrassing. It can also be incredibly inconvenient, especially if you need to drive to work or school. In Florida, anyone whose car has been repossessed has a right to redeem the vehicle. However, this might not be the best option for you, so we encourage that you meet with… Read More »
Junior Mortgages & Chapter 13 Bankruptcy
As a rule, you cannot get rid of a mortgage on your home by using bankruptcy. Secured loans are different from unsecured debts like credit cards and personal loans because the security interest cannot be wiped out. However, when it comes to second or junior mortgages, then the rule is not so clear cut…. Read More »
Options if You Are Behind on Your Mortgage
According to best estimates, millions of Americans are behind on their mortgages or on the verge of defaulting. Losing a home is devastating, not only emotionally but also financially. For example, research has shown that losing a home to foreclosure often leads to defaulting on other loans and relocation to less safe neighborhoods. Fortunately,… Read More »