Category Archives: Chapter 13
Bankruptcies on the decline but may still increase
People in Florida may be interested to learn that bankruptcy filings in September were down, and this marked a 10-year low for filings over a period of 12 months. However, the economic news is not all positive. There was an increase in Chapter 12 filings, which is a type of bankruptcy for family farms… Read More »
Chapter 13 debt limits
When individuals and couples living in Florida realize that their debt has become unmanageable, they often seek relief in consumer bankruptcy. In bankruptcy, debtors can stop creditor harassment and either seek a complete discharge of debts in a Chapter 7 bankruptcy or enter into a manageable payment plan in Chapter 13. Many debtors opt… Read More »
How to spot errors on a credit report
Florida residents and others may have a lower credit score than they deserve. This could be because of inaccurate information on a credit report. Anyone who sees erroneous information on their report should take steps immediately to rectify the issue. Even if an error doesn’t impact a person’s credit score, it could still make… Read More »
The problem of medical debts for seniors
People who are growing older in Florida may want to take steps to minimize the amount of medical debt that they might face after they retire. There are several things that individuals can do to minimize their medical debts post-retirement. Couples who are older may have to pay as much as $350,000 in medical… Read More »
Iggy Azalea has tax, credit card debt
Florida fans of the rapper Iggy Azalea might have heard that she could be having some financial problems. She owes almost $300,000 in credit card debt and is being sued by American Express. The credit card company reports that this sum is over $250,000 more than the limit on the card. Azalea has also… Read More »
How to avoid being scammed by debt relief companies
Florida residents likely hold a portion of America’s collective $1.4 trillion student loan debt. Those who are trying to manage their debt may be tempted by offers from companies or other parties claiming that they help them accomplish that goal. However, many of those companies may be doing nothing more than peddling scams to… Read More »
Consumer credit and bankruptcy
Many people living in Florida understand that credit can be a two-edged sword. Being able to take out a mortgage, car loan or obtain a credit card can be a solid financial strategy. Yet, taking out too much debt can result in extreme stress and even financial disaster if one’s income becomes insufficient for… Read More »
Post-bankruptcy credit cards
When Florida residents complete the bankruptcy process, many are eager to take advantage of their financial fresh start and reestablish creditworthiness. While it is true that credit scores take a significant hit after a bankruptcy, making it hard to get credit or qualify for a loan, it isn’t impossible to get a credit card…. Read More »
Debt reduction mistakes
Many Florida residents are living with increasing amounts of debt. In most cases, they genuinely want to meet their obligations. However, without guidance from a financial professional, people often make serious mistakes that either slow down their debt repayment or make matters worse. The first mistake that many people make is not making a… Read More »
What you should know about bankruptcy
Florida consumers often consider filing for bankruptcy If they have been struggling with a lot of debt. While this option isn’t right for everyone, many people find that it is the most efficient way to deal with problematic debt and to seek a fresh financial start. Before filing for bankruptcy, there are a few… Read More »