The Bankruptcy Process
Bankruptcy is an extremely complicated process. It involves a proceeding in Federal Court. There is a Trustee appointed to administer either your assets or payments that you make on behalf of your creditors. The Trustee is appointed by the court to review all aspects of your case to make sure everything has been done correctly, […]
Dischargeability of Taxes
There are many types of taxes imposed on people and companies. Some of these taxes are never dischargeable in bankruptcy, and others may be. For example, a tax that you have collected on behalf of someone else is never dischargeable. So sales taxes which you collect on the sale of an item is paid by […]
Alimony, child support and equitable distribution
After a couple have a child, whether they are married or not, there is a financial responsibility that comes with that event. If the couple separate or divorce, and there is a court proceeding in the family court, if there was a marriage, there may possibly be alimony and equitable distribution awarded. Alimony puts the […]
Affording a Chapter 13 bankruptcy payment plan
One of the main issues of a Chapter 13 bankruptcy payment plan is the Debtors ability to pay the trustee every month. In a Chapter 13 bankruptcy, you are required to repay certain debts to the bankruptcy trustee So, if you are behind on your mortgage, once you file your Chapter 13 bankruptcy, you are […]
Effects of filing a Bankruptcy without my spouse
When you are married, you can file Bankruptcy without including your spouse. In fact, when a Bankruptcy is filed jointly with a married couple, they are technically two different bankruptcy cases administered jointly. When you file a Bankruptcy individually, your spouse’s assets are not included in your filing, unless you have joint debt. In Florida, […]
Advantages of a Chapter 13 Bankruptcy over a Chapter 7 Bankruptcy
A Chapter 7 Bankruptcy is a great tool to get rid of unsecured debt like credit cards or medical bills. Unless you are going to get rid of a secured asset like a home or a car, a Chapter 7 Bankruptcy will not affect that debt. For a vehicle, you must reaffirm the debt, which […]
Advantages of asset protection in bankruptcy
The purpose of filing bankruptcy is to eliminate as much of your debt as you can without having to repay your creditors anything. Depending on the type of bankruptcy you file, you may have to pay back unsecured creditors (credit cards or medical bills for example) a small portion of what you actually owe. The […]
Credit Card Debt in the bankruptcy process
Credit card debt is a huge problem right now. Because of the COVID-19 pandemic, many people have been living off of their credit cards to survive However, as people get back to work, they find that they are unable to repay the credit card debt while still living with their normal bills. There are many […]
Top 7 Florida Bankruptcy Myths
Falling for bankruptcy myths could block you from getting the big benefit of a fresh start provided by support from a FL bankruptcy law firm. Read on to learn more about seven of the most common myths and what you can expect. If you’re ready to talk through filing, set up a time to meet […]
What to do when you have credit card debt
Most people in America have credit cards. Most of those people also have credit card debt. This debt requires you to pay interest and late charges on that debt. The interest and late charges on credit card debt can be as much as 30%. Normally, it would be illegal to charge that amount, but credit […]
