Tag Archives: Chapter 13
Keeping a home while filing for bankruptcy
Florida residents who are applying for bankruptcy may be able to keep their homes. Bankruptcy allows exemptions for some property. However, keeping the home will depend upon several factors. One of those is whether an individual files for Chapter 7 or Chapter 13 bankruptcy. The latter allows more exemptions. However, if people are unable… Read More »
The benefits of dealing with debt now
It is common for Florida residents to have personal loans, credit card debt or student loans. Therefore, there may be less urgency to pay it down as soon as possible. However, it is still a good idea to eliminate debt as quickly as possible. One of the best reasons to pay off debt quickly… Read More »
Credit card debt after death
One of the many financial issues that may have to be addressed after a loved one’s death is his or her remaining credit card debt. Florida residents should be aware of how to handle this type of a liability. Surviving family members may be liable for a deceased person’s debt if they applied for… Read More »
U.S. credit card debt exceeds $1 trillion
Credit card debt in Florida and around the country has reached levels last seen in the aftermath of the 2008 financial crisis as more and more families turn to plastic to make ends meet. The amount owed by Americans to credit card companies exceeded $1 trillion as 2016 drew to a close, and $650… Read More »
Chapter 13 and tax deed sales
Florida is one of many states that allow homes to be sold in order to collect back property taxes. There are strict notice and other requirements, and sometimes the former owners are able to successfully challenge the sale or obtain other benefits in that regard. Another such state is Pennsylvania, and in 2016, the… Read More »
Debts to pay off before retirement
Florida residents might want to consider paying off as many debts as possible before they retire so they will not be saddled with these obligations on a fixed income. Paying off a mortgage can be particularly significant in allowing a person more disposable income after retirement, and it may be possible to refinance and… Read More »
Debt relief options when falling behind on car payments
Florida motorists who have fallen behind on their car payments might consider filing for bankruptcy. This could be an alternative to having the car repossessed or surrendering it voluntarily because both of these outcomes might still leave them in debt. If the car has already been repossessed or surrendered, the consumer might be liable… Read More »
Getting an auto loan while in Chapter 13 Bankruptcy
Individuals in Florida who are considering filing for Chapter 13 bankruptcy and need new vehicles may be interested to know that getting approved for an auto loan is possible while in a Chapter 13. However, it requires the approval of a bankruptcy court and involves a number of steps. The first step that someone… Read More »
What to do when a creditor sues or threatens to sue
Florida debtors who have their property seized by their creditors may still be sued for any deficiencies that remain. Creditors are allowed to sue people who still owe balances even though they have taken the property that secured their loans. If you owe a deficiency, your creditor is unlikely to stop trying to collect… Read More »
Most collection agency calls concern unpaid medical bills
A recent government study reveals that consumers in Florida and around the country are more likely to be called by a collection agency about unpaid medical bills than any other kind of debt. The Consumer Financial Protection Bureau says that medical debt is the reason for 59 percent of these calls. According to researchers,… Read More »