Category Archives: Debt Relief
Wage garnishment less common in Florida than in rest of U.S.
When a person falls behind on paying money they owe, there are many things that could potentially change for them. One is how much of their regular wages actually end up making it to them. This is due to one of the debt collection methods creditors are sometimes allowed to use against debtors: wage… Read More »
Should seniors be more open to filing for bankruptcy?
We tend to think that financial difficulties are somehow more of an issue for younger people, but this is far from the reality. Indeed, older people, even those who have worked hard to accumulate substantial assets over the years, regularly encounter financial difficulties thanks to everything from health problems and divorce to unemployment and… Read More »
Longer auto loans becoming more common
Many things can vary when it comes to the terms of an auto loan. One is the length of the loan. Some auto loans are relatively short, while others stretch on for longer. Lately, longer auto loans have been becoming more common. It is estimated that, currently, almost a third of all new auto… Read More »
Money matter tips for those graduating from college
College graduation season is right around the corner. Thus, it will not be long until many college seniors here in Florida will be leaving college and entering the real world. This transition can be an exciting time for a young adult. However, it can also have its scary and intimidating aspects. One thing college… Read More »
Are medical debt struggles particularly prevalent in Florida?
One would hope that, after dealing with a major health problem, a Floridian wouldn’t also have to deal with medical debt struggles. Unfortunately, a recent report indicates that struggles with medical debt may be particularly common here in Florida, along with Texas, as compared to other large states here in the U.S. The report… Read More »
When a family business is facing debt troubles
Some individuals here in Florida own a family business. For many of those with family businesses, their family business is a truly major part of their life. Thus, when a family business goes into financial trouble, the owner’s whole life can be thrown into disarray. Consequently, a family business owner can have some very… Read More »
Bill would change how some student debt is treated in bankruptcy
Bankruptcy can have many benefits for individuals who are deep in debt. One is that a person may be able to get quite a bit of debt discharged in a bankruptcy. An important thing to note though is that there are some kinds of debt that are, generally, non-dischargeable in bankruptcy. One such kind… Read More »
What things does an automatic stay not stop?
As we discussed in our previous post this week, the automatic stay in a bankruptcy can put a halt to quite a few different types of proceedings. There are, however, some proceedings that an automatic stay has no effect on. Today, we will point out some of the things that an automatic stay is… Read More »
Treating medical debt problems
Sometimes, an individual suffers an accident or illness that requires significant medical treatment. Unfortunately, in some instances, a medical treatment a person needs to help get themselves back on track health-wise ends up derailing them financially. This is because, sometimes, the expenses of medical treatments leave a person facing massive bills and problems with… Read More »
When credit card debt outpaces savings
A recent study indicates that many Americans may be in a potentially precarious situation when it comes to their credit card debt as compared to their savings. In the study, released by Bankrate.com, a survey was conducted in which individuals were asked questions about credit card debt and emergency savings. Around 37 percent of… Read More »