Category Archives: Chapter 7
Top Reasons That People File for Bankruptcy
Getting sued by a creditor is one of the most humiliating things that can happen in a courtroom, but business to consumer lawsuits are unfortunately common in Florida. Creditors can persuade the court to order you to pay debts that you cannot afford, and when you do not pay (as you have been saying… Read More »
How To Keep Your Car After A Bankruptcy Filing
Walking into a courtroom and then walking out with a much lighter debt burden, or at least a promise of a much lighter debt burden, sounds like a dream come true, but filing for bankruptcy protection is not quite that simple. For one thing, it costs money to file for bankruptcy, and if you… Read More »
Credit Counseling And Your Bankruptcy Case
No two bankruptcy cases are exactly alike, but filing for bankruptcy protection is never anyone’s first attempt to get out of debt. People only file for bankruptcy after they have made every effort to reduce their discretionary spending, increase their earnings, and buy time to repay their debts. Why, then, does the court require… Read More »
Discharging Tax Debts In Bankruptcy Is Easier Than You Might Expect
One of the best things about filing for bankruptcy is that you get to tell your creditors to get lost. Medical bills, credit card debts, and unsecured personal loans that have been making you miserable for years disappear a few months after you file for chapter 7 bankruptcy or a few years after a… Read More »
Filing For Bankruptcy Protection Can Solve Some Of Your Financial Problems, But Not All Of Them
Bankruptcy can make you debt-free virtually overnight, but it can also sharply decrease your credit score and require you to give up valuable assets. Does filing for bankruptcy make your financial situation better or worse, then? Everyone has the right to file for bankruptcy protection as long as a certain amount of time has… Read More »
Florida Celebrity Bankruptcy Files: Lawrence Taylor
Anyone who watched television in the early 1990s remembers those “this is your brain on drugs” public service announcements. Those public service announcements did not mention the damage that drug addiction can do to your health, personal relationships, and finances. Rebuilding your life after achieving sobriety is no simple task, and one of the… Read More »
Should You Reaffirm Your Debts In Bankruptcy?
When you declare bankruptcy protection, the court will discharge some of your debts. If it is a chapter 7 bankruptcy filing, it may sell some of your assets in order to settle as many of your debts as possible. The court will not sell any of your assets until after it thoroughly assesses your… Read More »
Bankruptcy Fraud Red Flags
Tax debts and criminal fines are among the kinds of debt that you cannot discharge when you file for bankruptcy protection. Another thing that filing taxes and filing for bankruptcy have in common is that it is easy to make mistakes on the paperwork, and the temptation is palpable to fib in order to… Read More »
Florida Celebrity Bankruptcy Files: David Cassidy
Sordid tales of fresh-faced child stars who grew up to have an above average share of adult problems are their own subgenre of celebrity gossip. The public seems to get a kick out of hearing the names of celebrities whose squeaky-clean teenybopper image once set an impossible standard for their audiences to live up… Read More »
Florida Celebrity Bankruptcy Files: Antoine Walker
Several years ago, ESPN made an entire series of rags to riches to rags stories of professional athletes who gained immense wealth during their sports careers, only to lose their fortune several years later. Viewers who lack athletic talent watched the show with Schadenfreude, thinking that people who made their money through boring jobs… Read More »