Tag Archives: Chapter 13
Darius Miles asks for protection from creditors
Miami Heat fans may be interested to know that former NBA player Darius Miles filed for Chapter 7 bankruptcy after saying a string of bad investments led to financial problems. At the time of his filing, he reported $460,385 in assets and $1.57 million in liabilities including $20,000 in child support. Miles was the… Read More »
It may be time to get help for out-of-control debt
Florida residents who struggle to pay their bills each month and have no extra money left over are not alone. In fact, 62 percent of people around the country do not have even $1,000 in a savings account, and one-third of Americans have no money saved for retirement. One of the reasons some people… Read More »
Tips for eradicating credit card debts
With the high cost of living nowadays in Florida and throughout the country, a great deal of people may find it difficult to get by without using credit cards. In fact, because most credit cards carry interest rates of up to 30 percent and steep penalties for missed payments, credit card debt ranks as… Read More »
Why Florida residents are turning to credit cards
According to WalletHub, Americans accumulated $34.4 billion in credit card debt during the second quarter of 2016. That is thought to be the highest amount of debt accumulated in a second quarter since at least 1986. That was the first year such data was collected, and consumers may go over $1 trillion in outstanding… Read More »
Reality TV star files for Chapter 13 bankruptcy
Chapter 13 bankruptcy is the latest development in the life of reality TV star Dawn Heflin that might interest Florida fans. Documents say that she owes over $263,000 and has assets worth $235,719. This includes $320 in checking and $100 in savings. She also has a house with a value of $172,000, households goods… Read More »
Most credit card holders do not pay off their balances
It is not uncommon for Florida consumers to have a lot of credit card debt. In fact, the majority of revolving debt in the United States comes from credit cards. Around 38 percent of households in the U.S. have credit card debt with an average unpaid balance of $15,310. Credit card debt tends to… Read More »
People are struggling with medical debt
According to a survey by the Kaiser Family Foundation and The New York Times, people in Florida and throughout the country are struggling with medical expenses even when they have health insurance. The study found that about 20 percent of Americans who had health insurance were having trouble paying their medical bills. Among people… Read More »
Amending a Chapter 13 plan after confirmation
Florida debtors who have filed for Chapter 13 bankruptcy may not be able to amend their plan after its confirmation unless they can demonstrate that their financial situation has significantly and unexpectedly changed. A North Carolina bankruptcy court ruled that a couple could not surrender their car to the lender after they had filed… Read More »
Filing for bankruptcy before a divorce
If you are considering a divorce, you will reach the point where you must consider how to handle your assets. Additionally, you will have to decide how your debts will need to be handled. Divorce is one of the most common reasons why someone files for consumer bankruptcy. Many times, unknown debts become revealed… Read More »
Getting a new mortgage after bankruptcy
If a Florida homeowner has filed for bankruptcy, it may be possible to refinance an existing mortgage or obtain a new one after the case has been resolved. Those who wish to obtain a new loan from either Fannie Mae or Freddie Mac will have to wait two years after the dismissal date if… Read More »