Category Archives: Bankruptcy
These Billionaires Have All Gone Bankrupt
Business Insider has an interesting story on 10 billionaires who either went belly up or who declared bankruptcy. The story is a reminder that anyone can struggle financially. If you have suddenly run into financial difficulty, you shouldn’t be embarrassed. Instead, you should meet with a South Florida bankruptcy attorney as soon as possible… Read More »
Will You Lose Investment Property in Bankruptcy?
Many Floridians own investment properties, such as apartment buildings or business complexes. Other people have an extra home that they purchased or inherited that they might rent to people. Are you at risk of losing these properties if you file for bankruptcy protection? The short answer is “yes.” You absolutely could lose investment property… Read More »
Can You Negotiate with Creditors to Avoid Bankruptcy?
Many people will do almost anything to avoid filing for bankruptcy. They often fear taking a huge hit to their credit score and want to avoid the stigma that is attached with wiping out debts using a Chapter 7. As experienced Plantation bankruptcy attorneys, we think fears about bankruptcy are largely overblown. Nevertheless, it… Read More »
What is the Apple Card?
Apple is probably best known for its computers and iPhone. Now comes news that Apple is entering the consumer credit market with the Apple Card, which could soon become available to consumers in summer 2019. But what is the Apple card? Should you try to get one? In this blog, we will give you… Read More »
Good News on the Consumer Credit Front
Several stories have appeared recently suggesting that the U.S. economy is slipping into recession. First, there were reports that the “yield curve” had inverted, meaning that long-term bonds were paying out less than short-term bonds—a sign that investors anticipated a recession in the near future. Then the May 2019 jobs report showed a smaller-than-expected… Read More »
Avoid Cash Advances
People are often pressed for cash. For example, you might need cash to pay a babysitter or to buy lunch. However, taking a cash advance is one of the worst things you can do financially. A cash advance is a loan you take on your credit card. Most cards allow for a cash advance… Read More »
Pot and Bankruptcy Don’t Mix
Florida continues to slowly embrace marijuana. It is currently legal to use marijuana if you have a prescription to treat a medical condition, and dispensaries are popping up across the state to fill those scripts. Currently, the state has not decriminalized the drug for recreational use, though that could be on the horizon. Indeed,… Read More »
Is Bankruptcy the Right Choice for You?
Many people begin thinking about bankruptcy as an option only after they have accounts go into collection and it becomes blindingly apparent that they cannot service their debt load while paying other bills. When faced with the choice of paying off a credit card or going without food, most consumers realize that there is… Read More »
Bankruptcy & Arbitration Agreements
If you have a contract, chances are you also have an arbitration agreement. Arbitration is an alternative dispute resolution technique (ADR, for short) that can keep you out of the courtroom. Instead, you will present your case behind closed doors to one or more arbitrators who act as judges. Many businesses like arbitration because… Read More »
Teaching Young Children Financial Responsibility
One reason many people are hesitant to file for bankruptcy is that they fear setting a poor example for their children. They believe that bankruptcy is a way of running away from their financial problems, and they want their children to be better with money. First, filing for bankruptcy is actually a step to… Read More »