Tag Archives: Chapter 13
Personal bankruptcies decline as commercial filings soar
Florida residents may not be surprised to learn that bankruptcy filings have been falling in recent years after surging in the wake of the 2008 financial crisis. Figures for the first quarter of 2016 from the American Bankruptcy Institute show a 5 percent drop in bankruptcy filings compared to the same period in 2015,… Read More »
Filing for Chapter 13
Florida consumers who wish to file for bankruptcy protection while keeping their assets may qualify for Chapter 13 bankruptcy. Their debts are repaid over a period of up to five years unlike Chapter 7 cases that may be settled within months. Payments are made under a court-approved plan that is overseen by a bankruptcy… Read More »
Let our law firm help get you out of medical debt
Our firm is dedicated to getting our Florida clients out of debt so that they can get on with their lives. We understand that with today’s skyrocketing medical costs and high-deductible insurance plans, many Americans are left struggling to pay off their medical debts. Even one trip to the hospital because of a heart… Read More »
The role of a bankruptcy trustee in Florida
When an individual files for bankruptcy, his or her property is put into what is known as a bankruptcy estate. This estate is a separate entity from the individual who filed for bankruptcy protection. The person charged with overseeing this estate is called the trustee. What the trustee actually does depends on the type… Read More »
Applying for a car loan after bankruptcy
People in Florida who have filed for bankruptcy might wonder if they can get an auto loan. While it is still possible to get a loan after a bankruptcy filing, it may be more difficult, and how the loan is applied for depends on the type of bankruptcy. A Chapter 7 filing is the… Read More »
How to buy a car during a Chapter 13 bankruptcy
A Florida resident who files for Chapter 13 bankruptcy will enter into a repayment plan lasting between three and five years for the debts that are owed. The repayment plan is overseen by the bankruptcy trustee, and any new debt that the filer wants to incur during that time must first be approved. In… Read More »
Baby boomers shouldering more and more bad debt
Bankruptcy can happen to anyone. Regardless of your age or financial standing, a sudden injury or illness can quickly deplete hard-earned resources. Often referred to as a fresh start, a Chapter 7 or Chapter 13 filing represents a financial “do-over” for those feeling the crushing weight of money problems beyond their control. Baby boomers… Read More »
Benefits of business bankruptcy in Florida
Most people think of bankruptcy as a scary thing that should be avoided at all costs. However, for some small businesses, bankruptcy may be a way out from under crushing debt and limited income. By filing, it may be possible to retain some or all of a business owner’s property while also keeping the… Read More »
Making a Chapter 13 plan work
Chapter 13 bankruptcy involves an individual making payments to creditors through a trustee pursuant to a court-approved plan. These payments may be made either directly to the trustee or through deductions from a Florida worker’s paycheck. Payroll deductions may be more convenient for all parties, and it may increase the chances of making timely… Read More »
Chapter 13 hardship discharge
Florida residents who have difficulty paying their bills have several options for debt relief. Among those are different types of bankruptcy protection. Chapter 7 and Chapter 13 are personal bankruptcy options that offer similar benefits, but work differently. While Chapter 7 bankruptcy involves the liquidation of a debtor’s non-exempt assets with the proceeds being… Read More »