Tag Archives: Chapter 13
Chapter 13 allows you to keep your property
In Florida, many people have some degree of debt, even if it is in the form of their mortgage, or a small amount on their credit card. Whatever the case, if you fall behind on payments, that sum can quickly grow. The more debt you have, the faster the situation can worsen and the… Read More »
What is Chapter 13?
Getting into debt is a horrible experience. It can be extremely overwhelming and at times you may feel like your situation is hopeless. It is often hard to look positively toward the future and see a way out of your struggles. However, this is something that countless families in Florida go through and there… Read More »
What is the maximum debt limit for Chapter 13 bankruptcy?
One debt relief option out there is Chapter 13 bankruptcy. Whether a Chapter 13 bankruptcy is a good fit for a given person who is facing difficulties related to debt depends on a great range of factors. One is whether they would be eligible for this type of bankruptcy. There are some things that… Read More »
When problems arise with a Chapter 13 repayment plan
Generally, in a Chapter 13 personal bankruptcy, a repayment plan is put in place. Once such a plan is established, it is important for the person who is in the Chapter 13 bankruptcy to know and understand the specific terms of the plan and to very closely follow them. Now, it is possible that… Read More »
Chapter 13 bankruptcy considerations
Having served the residents of Florida for more than 15 years, we here at Nowack & Olson PLLC understand how difficult it can be to choose the most appropriate form of debt relief for your unique situation. Chapter 13 bankruptcy is known to be one effective personal bankruptcy option, and is distinguished from Chapter… Read More »
Bankruptcy to stop foreclosure
For the millions of people across the country facing serious financial challenges, the prospect of losing one’s home can be very real and troubling. The only thing many Florida families know about foreclosure is the information their lender provides them with once the process begins, and individuals often feel as though they have few… Read More »
When you must file Chapter 13 bankruptcy over Chapter 7
The economy has shown steady improvement since the last recession a few years ago, but that does not mean people in Broward County are not still struggling financially. An unexpected medical emergency, natural disaster or health issues can easily send someone into a financial whirlwind. In many cases, people try to stay afloat by… Read More »
Fraud charges for woman filing for Chapter 13 multiple times
With the financial challenges that many people are facing in Florida, bankruptcy can be a good option for some. However, there are certain rules and qualifications for bankruptcy, to prevent people from abusing the system. The idea of being able to dismiss your debts or restructure them for easier payment can be tempting, but… Read More »
Should you file for Chapter 7 or Chapter 13?
With many Florida homeowners continuing to experience financial challenges, filing for bankruptcy might seem like a good option to provide them some debt relief. Chapter 7 and Chapter 13 are two main forms of bankruptcy that may allow consumers struggling with debt to get back on their feet. Which type of bankruptcy to file… Read More »
Slow Florida foreclosure process can delay home price increases
Florida remains the leader in the nation’s foreclosures, and is also the state where home repossession takes the longest, lingering the court system for an average of 31 months. Some consumer advocates say this lengthy process is meant to benefit homeowners who are struggling with financial challenges. This could give them time to put… Read More »