Tag Archives: Chapter 13
Bankruptcy to stop foreclosure in Florida
If you are in danger of losing your Florida home to foreclosure, you might be able to obtain relief and avoid foreclosure by filing for bankruptcy. A new law in Florida requires that your lender goes to bankruptcy court with you and works to arrive at an amenable modification of the terms of your… Read More »
Some millennials are struggling to get out of debt
Millennials have broken all previous generation’s college attendance records. For all of these young adults with recently acquired college degrees, student loan debt can be a big problem. In addition to student loan debt, many of them in Florida and around the country are struggling to pay off credit cards, car loans, personal loans… Read More »
Spotting debt relief scams
Florida residents who are looking for ways to handle their substantial debt may consider using the services of credit repair companies or credit counselors. The use of such companies has been increasing, as have the number of these companies that offer to assist consumers. However, the number of dishonest operators has also been increasing… Read More »
Bankruptcy and buying a vehicle
Florida residents who are considering filing for bankruptcy to handle their debt and are hesitant to purchase a needed vehicle may benefit from learning that under certain circumstances they might be allowed to do so. However, they should be aware that they would be able to retain the vehicle only if it was a… Read More »
U.S. Supreme Court addresses proofs of claim on time-barred debts
When Florida residents file Chapter 13 bankruptcy petitions, their outstanding debts are consolidated and paid off over a period of three to five years. Debts are included in these plans when creditors submit what are known as proofs of claim, but debts older than five years are not eligible for inclusion under Florida law…. Read More »
Study shows that abuses by debt collection agencies are common
Florida residents who are in debt may be interested in learning about the results of a recent study about debt collectors. The research, which was conducted by the Consumer Financial Protection Bureau, was based off responses from around 2,000 people who had dealt with debt collection agencies. The results of the study showed that… Read More »
Family files for bankruptcy after television home remodel
Florida residents may be familiar with the reality television show ‘Extreme Makeover: Home Edition.” This television program features stories about families that win the chance to have their homes remodeled. While the free house remodels may seem like gifts at first glance, the increased property taxes and electric bills that result from these makeovers… Read More »
Is it better to let a car be repossessed or file bankruptcy?
When Florida residents have car loans they cannot pay back, it can be very stressful. If they allow the car to be repossessed, it may damage their credit for seven years. Choosing to file bankruptcy, on the other hand, may ding their credit for up to 10 years. Luckily, there may be alternatives to… Read More »
Being sued for debt
Florida residents who have debt may be interested in knowing that they can be sued by their creditors. People should also know what they should do when a lawsuit has been filed against them. Individuals may first be notified that they are being sued when they receive a legal complaint and a summons. The… Read More »
Tips for getting rid of debt this year
According to the National Retail Federation, Americans planned on spending an average of more than $900 during the winter holidays. Regardless of how much Florida residents spent on their Christmas shopping, NerdWallet advises adding credit card debt as a major category in their budgets. This may increase the odds that the debt gets paid… Read More »