Tag Archives: Chapter 7
Even as student debts mount, graduates can’t seek bankruptcy
Many students entering college in Florida and other states around the country do so with the understanding that they will fund their education with loans. After all, the general consensus is that the investment is worth it since a college degree is necessary to improve one’s employment prospects in the future. As a result,… Read More »
There may be help to stop foreclosure after all
These days, many would argue that consumer confidence is at an all-time low as the national economy continues to struggle and millions of people deal with issues like serious personal debt and bankruptcy. In too many instances, homeowners and other consumers may be led to believe that issues concerning their foreclosure or Chapter 7… Read More »
Credit card debt can affect employability
The employment market is fiercer than ever in places like South Florida. A very large number of people often vie the same position, even in instances where they may actually be overqualified. Under such conditions, it’s little wonder that resumes are scrutinized so intensely by employers. However, there is evidence that factors like a… Read More »
Housing assistance can be impacted by Chapter 7
Millions of people living in Florida and other states around the country rely on some form of housing assistance. Affordable housing options are needed more than ever, as countless families find themselves with limited financial resources and higher living costs. And while low-income housing is a hot commodity, there are rising concerns by many… Read More »
Why bankruptcies may increase as the economy improves
It is no secret that many residents of Florida have struggled finically over the last several years. With a sluggish economy and a high-rate of unemployment, it was difficult for many families to pay their bills. As a result, some people found refuge in bankruptcy. Now that the economy is improving, will bankruptcy filings… Read More »
Miami firm files Chapter 7 bankruptcy over milk scandal
An importer of a food or drink does not personally manufacture the goods it resells. Therefore, it must have an excellent relationship with its supplier. The importer counts on the supplier to be honest about ingredients, avoid contaminants, and use a consistent formula when making the product. It can be challenging for the importer… Read More »
Students struggling with debt may soon see student loan changes
Since the 1970s, student loans have been mostly exempt from bankruptcy discharge. Students and graduates crushed by overwhelming debt have been unable to find relief from their student loans by filing for Chapter 7 bankruptcy. Florida’s governor and many other politicians from both political sides are listening to student activist groups and advocates about… 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 »