Tag Archives: Chapter 13
Rapper Memphis Bleek files for Chapter 13 bankruptcy
Florida residents who are fans of rapper Memphis Bleek may be interested to learn that he has filed for bankruptcy. The rapper filed March 14 for Chapter 13 bankruptcy in New Jersey. At the time, the 38-year-old claimed that he owned $274,190 in assets but had $384,804.91 in liabilities. Memphis Bleek, whose given name… Read More »
Proposed changes for Chapter 13 bankruptcy
Florida residents who file for Chapter 13 bankruptcy often do so in order to keep some of their assets. This type of bankruptcy allows a person to arrange a payment plan that lasts for three to five years. The Judicial Conference Advisory Committee on Bankruptcy Rules has proposed an amendment to an existing rule,… Read More »
Bankruptcy and small claims in Florida
When the dollar amount of a claim is under a threshold set by a jurisdiction, it will be settled in small claims court. If a creditor or another party wins a judgment against an individual, that individual must pay that amount or risk wage garnishment. However, it may be possible to eliminate that judgment… Read More »
Filing for bankruptcy alone when you are married
If you are going through a divorce and need to file for bankruptcy in Florida, you may be wondering if it is possible to file without your spouse. You may also be in a situation in which you are married and not getting a divorce, but you still want to file for bankruptcy alone… Read More »
Amending Chapter 13 plans after payment period expires
Bankruptcy can help a Florida couple to regain financial stability after dealing with a serious crisis, but the approach to filing could have long-term implications. In addition to affecting one’s credit history, for example, some forms of bankruptcy could be reconsidered based on the filer’s change in financial status at a later date. Chapter… Read More »
The effect of getting a raise after filing for bankruptcy
In some Florida bankruptcies, the debtor will receive a pay raise during the pendency of the case. Whether or not a portion of that amount will go to the bankruptcy trustee depends on the type of bankruptcy the debtor has filed. In a Chapter 7 bankruptcy, the debtor’s non-exempt assets at the time the… Read More »
Chapter 13 bankruptcy and income tax refunds
Florida residents who wish to pursue debt relief are sometimes deterred because the required means test precludes them from filing a Chapter 7 bankruptcy. While a Chapter 13 filing may seem to be a less attractive alternative, it does provide the opportunity to escape oppressive debt and secure a fresh financial start. However, many… Read More »
Proofs of claim in Florida Chapter 13 bankruptcy cases
As part of the Chapter 13 bankruptcy process, a Florida debtor’s unsecured creditors are required to file proofs of claim within the specified time or they will lose their rights to collect on their debts. Some of the creditors will not file proofs of claim if they feel that the bankruptcy process isn’t worth… Read More »
Disability benefits and Chapter 13
In Florida and elsewhere across the country, some individuals who are looking to reorganize their obligations through a Chapter 13 bankruptcy may want to know if Social Security Disability benefits must be considered income that is available to repay creditors under the plan. It is a somewhat complex issue, but there are two federal… Read More »
Signs it’s time to file for bankruptcy
Even as the economy improves, there are many Florida residents that struggle to pay the bills each month. With no other option, some cash-strapped people are forced to use credit cards to pay for basic things like gas, food and utility bills. Using credit for necessary expenses is one sign that a person’s finances… Read More »