Tag Archives: Plantation Bankruptcy Lawyers
What is a Chapter 11 Bankruptcy?
Federal bankruptcy law provides for different bankruptcies, which are identified by their chapter in the code. A Chapter 11 is an unusual bankruptcy for consumers, the vast majority of whom will choose either a Chapter 7 or a Chapter 13. However, a Chapter 11 bankruptcy makes sense for some of our clients who have… Read More »
Bankruptcy and Supplemental Security Income
Many of our clients are just getting by, unable to work because of a disability. Some of these clients receive Supplemental Security Income, or “SSI,” from the federal government. Each week, we field questions from clients who are worried that they will put their SSI benefits at risk if they file for bankruptcy. Read… Read More »
Fewer Florida Consumers filing for Bankruptcy in 2018
Recent statistics from the American Bankruptcy Institute are good news-bad news for Florida residents. The good news? Consumer bankruptcy filings are 8% lower in March 2018 than they were in 2017, suggesting that the strengthening economy has allowed consumers to manage their debt. The bad news? Filings in March were up 31% over February…. Read More »
Yes, Bankruptcies Are Public
Bankruptcy still carries a stigma. Apart from the fact that your credit report will go into freefall, many consumers fear bankruptcy because they do not want anyone else to know about it. Nevertheless, these fears are usually overblown. Although bankruptcy records are public, few people will be searching for them. Furthermore, there is no… Read More »
Help! My Bankruptcy Has Not Fallen off my Credit Report!
After filing for bankruptcy, you probably watched your credit score nosedive as soon as it was reported to the credit reporting agencies. Over the past several years, you have patiently waited for it to fall off. But what happens if your bankruptcy stubbornly remains on your credit report? Read on for tips on how… Read More »
Consumer Defaults Continue to Climb in 2018
According to a new report, default rates for bank cards have surged to their highest level since 2012. Despite the robust jobs market in the United States, many consumers remain overextended, unable to make even the minimum payment on their debts. If this describes your situation, consider bankruptcy as an option for clearing out… Read More »
Reaffirming a Secured Debt in a Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is a great way of wiping out unsecured debts like medical debt, credit card debt, and personal loans. However, you will not so easily get free of secured debts, such as a car loan or a home mortgage, because those loans are backed by collateral. Although the bankruptcy might wipe… Read More »
The Dangers of Using a Paralegal to File for Bankruptcy
Many bankruptcy lawyers receive many panicked calls from consumers who have tried to file for bankruptcy on their own. Everything seemed to be going smoothly but then, suddenly, they realized that they did not fill out the paperwork properly. As a result, some consumers have their petitions rejected by the bankruptcy court. As a… Read More »
4 Things to Do After a Bankruptcy Discharge
Congratulations! You have received your bankruptcy discharge and are ready to move onto the next chapter of your life. However, before getting ahead of yourself, you need to make sure you don’t backslide and become indebted again. Wiping out old debts is only half of the battle. Follow the tips below for making your… Read More »
Modifying a Chapter 13 Repayment Plan
Despite your best planning, sometimes life throws you a curveball. You might suddenly become ill, lose a job, or have your hours reduced. For most Americans, any unexpected drop in income can wreak havoc on their lives. But those with a Chapter 13 bankruptcy have another problem—you might not be able to continue making… Read More »