Tag Archives: bankruptcy
The “working poor” status is a growing problem in Florida
If you’ve been struggling to pay your bills like many Floridians, especially if you feel your situation has been growing worse for months, you may fit into a classification that economists call the “working poor.” This wage bracket includes low-income families with one or more people in the household who work, but as a… Read More »
Hillsborough County increases homestead exemptions for seniors
Senior citizens represent a large portion of Floridians who are particularly vulnerable in this difficult economy. Fortunately, there are a variety of state exemptions and other programs available to help those who are struggling. Most counties have at least a few programs for seniors and other groups with special needs from tax breaks for… Read More »
Personal bankruptcies decrease in Florida for 2 straight years
Personal bankruptcies have fallen throughout parts of Florida for the second year straight. Financial challenges continue to be a difficult issue nationwide since the housing market collapsed in 2007. In Florida, foreclosure activity is still the highest in the country, so many experts in bankruptcy law aren’t sure why there is a decrease in… Read More »
South Florida banks allowing more non-foreclosure short sales
Increasing numbers of banks are approving short sales before homes go into foreclosure in Broward County, according to a recent RealtyTrac survey. As more homeowners are facing foreclosure, more and more lenders are willing to help some people unload their homes before they foreclose. This can be a source of relief to those facing… Read More »
“Bogus” credit repair business closed and fined $6.4 million
A Florida federal district court has found a “credit repair” operation in contempt after it continued to operate in spite of a court order that required it to stop promoting its “bogus credit repair products and services” The Federal Trade Commission (FTC) charged them with a continuing violation of the court order. The defendants… Read More »
Florida bankruptcy case filings may increase again
The mortgage crisis of 2008 and the recession and flood of defaults and foreclosures that resulted have left a great deal of wreckage across the landscape in Florida. And nowhere is that damage more obvious than in bankruptcy court. That economic crisis triggered by the real estate bubble has left a backlog of cases… Read More »