Category Archives: Personal Bankruptcy
Some colleges acknowledge students need debt relief
In today’s struggling economy, millions of consumers are suffering under crippling debt. A huge amount of this debt is in the form of student loans, which are getting close to the trillion dollar mark in America. Unfortunately, student loan debt relief is hard to get, since most types of student loans can’t be discharged… Read More »
Bank of America let down homeowners trying to stop foreclosure
Millions of Floridians lost their homes during the housing crisis. It was hard enough for people struggling with financial challenges, but it’s more infuriating to find out that many foreclosures might have been prevented if some banks had been fairer with their foreclosure practices. It’s no secret that some major lenders made it more… Read More »
Florida foreclosures may be good for recovering market
What will the new Florida bill to speed up our state’s lagging foreclosures mean for Floridians? Millions are still enduring financial challenges, while others are recovering along with the housing market, looking to buy property, and moving on. Whether you’re facing foreclosure now or if you’re recovering from a personal bankruptcy and attempting to… Read More »
Life after personal bankruptcy isn’t the end of the world
Millions of Floridians are facing a wide range of financial challenges. If you’re struggling to pay your bills, you may have come up with a list of possible solutions to get you and your family out of the mess. But, like most Americans, you might think that filing for bankruptcy is a scary option… Read More »
Personal bankruptcy cases should be accurate in credit reports
When filing for bankruptcy in Florida, people facing financial challenges hope that they’ll be able to start over rebuilding their credit. But that won’t be able to happen if the major credit reporting bureaus haven’t accurately updated credit reports to reflect a bankruptcy debt dismissal. SmartCredit.com’s president of consumer education says the three main… Read More »
Appeals courts define IRA bankruptcy exemptions differently
Some people would say that standardized laws regarding bankruptcy exemptions and other rules would be helpful and make the bankruptcy process easier for Florida residents as well as people across the country. If someone moves to another state where bankruptcy law is different, it can cause confusion and even remove the option for people… Read More »
Students struggling with debt may soon see student loan changes
Since the 1970s, student loans have been mostly exempt from bankruptcy discharge. Students and graduates crushed by overwhelming debt have been unable to find relief from their student loans by filing for Chapter 7 bankruptcy. Florida’s governor and many other politicians from both political sides are listening to student activist groups and advocates about… Read More »
New rules on federal exemptions help clarify wage garnishment
Just getting by from day to day can be difficult enough for many Floridians with financial challenges, without the worry of having their wages garnished to pay off their creditors. Millions of people might find themselves facing wage garnishments before filing for bankruptcy. Some exemptions have been put in place to prevent people with… Read More »
Slow Florida foreclosure process can delay home price increases
Florida remains the leader in the nation’s foreclosures, and is also the state where home repossession takes the longest, lingering the court system for an average of 31 months. Some consumer advocates say this lengthy process is meant to benefit homeowners who are struggling with financial challenges. This could give them time to put… Read More »
High student loan rates can make paying down debts difficult
People in Florida who struggle with credit card debt and pay lots of interest in other types of loans may have had the opportunity to refinance their debt — sometimes avoiding personal bankruptcy in the process. But while people in Fort Lauderdale and around the country have been able to refinance mortgages, car loans… Read More »