Recent Blog Posts
Can States File for Bankruptcy?
This might be surprising to hear, but states cannot file for bankruptcy. Bankruptcy is a creature of federal law, and the code must authorize an entity to file before it can. There are laws that allow individuals and businesses to file, as well as cities and municipalities. However, there is no law that currently… Read More »
Can You Use Bankruptcy to Delay an Eviction?
To help renters during the COVID-19 pandemic, Governor DeSantis suspended evictions based on non-payment until July 1. But that suspension will soon come to an end, what can tenants do if they are still unable to pay their rent? This has been a difficult time financially for many people, and not all jobs have… Read More »
Having Trouble Sticking with Your Chapter 13 Payment Plan?
Chapter 13 is the second-most popular bankruptcy for consumers in Florida. However, it is also difficult to complete, requiring that debtors stick with a payment plan that lasts three to five years. With the economy in a tailspin due to the coronavirus pandemic, many people have lost their jobs. Unfortunately, those experiencing reduced hours… Read More »
What Industry is Struggling (Surprisingly) During the Pandemic? Health Care
It may sound counterintuitive, but the recent lockdown to protect the public from the novel coronavirus is disrupting one of the largest industries in the nation: health care. According to the Becker’s Hospital Review, over 150 hospitals have furloughed workers as of April 21 due to low numbers of patients, and we expect more… Read More »
Common Bankruptcy Questions
As a leading bankruptcy firm in South Florida, we regularly field questions from members of the public. The ongoing coronavirus pandemic has certainly strained the resources of many people, and we have seen an uptick in people contacting us. Below, we highlight some of the most common questions we have received. I Lost My… Read More »
Bankruptcy Filings Jump for March 2020
Data from the American Bankruptcy Institute (ABI) shows that the number of bankruptcy filings increased substantially across the United States in March 2020, the first month of the COVID-19 shutdown. These fillings took place against a backdrop of massive job loss, business closures, and economic distress. According to ABI, the number of filings in… Read More »
Americans Are Carrying Record Amounts of Consumer Debt
record amount of debt. That’s the news from a New York Federal Reserve report, as relayed by Business Insider. According to statistics, the amount of household debt rose to $14.3 trillion by the end of March 2020. This represented a 1.1% increase over the previous quarter and stands as a record amount in the… Read More »
Should You File Bankruptcy with Your Spouse?
Marriage is more than a romantic partnership. It is an economic union as well. Many couples own considerable amounts of property together, but they also can have large joint debts. At our law firm, we hear all the time from men and women who want to file for bankruptcy but don’t know whether they… Read More »
The COVID-19 Pandemic Forces Some Companies into Bankruptcy
Bankruptcy lawyers have been expecting a wave of filings due to the COVID-19 pandemic. According to media reports, that wave is beginning to hit shore. The business press has reported that many prominent companies have recently filed for Chapter 11 protection due to financial distress from the coronavirus pandemic. Although Chapter 11 allows these… Read More »
Should You Apply for a Credit Card During the COVID-19 Pandemic?
Now might seem like an odd time to be applying for a credit card. After all, no one really knows when things will get back to normal. Right now, tens of millions of people are out of work and the economy is shrinking. Even those who are employed must be feeling vulnerable to layoffs…. Read More »