Tag Archives: Bankruptcy Exemptions
I cannot pay my student loans. Can bankruptcy help?
Millions of Americans pay significant amounts of money to invest in their education in the form of student loans. After graduation, many of these individuals find that they are not able to make payments and keep up with the exorbitant amount of debt that they accumulated over their years in college. For many graduates,… Read More »
Bankruptcy and protecting your home: Part II
Even though bankruptcy may be the best option for countless Florida families struggling with debt, many avoid the idea all together – often because of the mistaken belief that they will lose everything they own, including their home. However, bankruptcy is not meant to be a punishment, but a new start. In fact, thanks… Read More »
Don’t be scared of losing everything in a Florida bankruptcy
Being in debt is scary, and you might be doing everything in your power to avoid dealing with the situation. However, you don’t have to let fear drive your decisions and control your financial life. Instead, you can educate yourself to take the mystery out of your situation and regain control. For instance, if… Read More »
Will I lose my home in bankruptcy?
Once Miami, Florida, residents are at the point of considering filing for personal bankruptcy they are often already facing the prospect of losing their home to unmanageable debt. If you are a homeowner who is currently weighing your debt relief options, it can be helpful to know what may happen to your house in… Read More »
Bankruptcy exemptions 101
While it is true that personal bankruptcy is intended to account for substantial amounts of debt, the process is not designed to compromise the financial security and/or personal integrity of filers. As a result, Florida state and federal guidelines regarding bankruptcy exemptions are in place to allow for the reasonable comfort and independence of… Read More »
Certain IRA accounts may be considered exempt in FL bankruptcy cases
During hard economic times, some Florida residents are compelled to declare bankruptcy as a way to gain financial freedom from uncontrollable debt. As part of the bankruptcy process, people are required to list their assets and property as well as their debt. The trustee assigned to the case has the ability to reclaim certain… Read More »
Foreclosure may not mean automatic eviction
Countless families living in Fort Lauderdale, Florida, and other cities across the country have been deeply affected by the economic crisis and housing bubble of recent years. Many continue to struggle with serious financial challenges, and thousands of people everywhere are currently facing foreclosure and bankruptcy. And while measures like foreclosure can have a… Read More »