The Real Effect of Bankruptcy

Bankruptcy Now - The Real Effect of Bankruptcy

We all have stress.  Some people have more severe stress than others, but financial stress can be one of the worst stresses anyone can have.  No one wants to file for bankruptcy.  It should be used as a last resort.  There is stress in filing for bankruptcy.  There is a court hearing that your  Bankruptcy […]

What you need to know about bankruptcy

Bankruptcy Now - What you need to know about bankruptcy

There are two types of bankruptcies an individual with normal debts can file.  There is a Chapter 7 bankruptcy which is a liquidation bankruptcy, and a Chapter 13 which is a reorganizational bankruptcy. To file either type of bankruptcy, you will need to hire a qualified bankruptcy attorney in Miami or Ft. Lauderdale. A Chapter […]

Credit card debt

Bankruptcy Now - Credit card debt

The most common reason why people file for bankruptcy in Miami is because of Credit Card Debt.  It has been my experience that once someone starts to pay less than their full Credit Card Debt and make minimum payments on their Credit Card Debt, that’s when they begin to have financial trouble.  Banks make no […]

Foreclosure in Miami

Bankruptcy Now - Foreclosure in Miami

Foreclosures in Miami are about to begin again.  There will be a massive amount of foreclosure filings once the forbearance period ends.  Banks have allowed homeowners to stop paying their mortgages due to loss of work due to Covid-19.  However, foreclosure will begin again very soon.  The problem with the forbearances that the banks have […]

How to find the right bankruptcy attorney in Miami, Ft. Lauderdale and Palm Beach

Bankruptcy Now - How to find the right bankruptcy attorney in Miami, Ft. Lauderdale and Palm Beach

There are many lawyers who advertise in Miami, Ft. Lauderdale and Palm Beach to get you to hire you to file bankruptcy with them.  Many however, only file Chapter 7 bankruptcy.  They will not give you the option to file Chapter 13 bankruptcy with them because they don’t file Chapter 13 bankruptcy.  If you find […]

Bankruptcy no longer has a stigma

Bankruptcynow - Bankruptcy no longer has a stigma

Back in the old days, very few people filed for bankruptcy.  There were few bankruptcies filed before the modern U.S Bankruptcy Code was enacted.  Before 1978, there were minimal protections for Debtor’s who filed for bankruptcy. Creditors had all of the advantages.  Once the bankruptcy code was changed in 1978, bankruptcy became more of a […]

Lien stripping

Bankruptcy Now - Lien stripping

In a Chapter 7 bankruptcy, a debtor is able to pay the value of a vehicle in Miami, Ft Lauderdale or Palm Beach county, at any time after the trustee abandons his/her interest in that vehicle.  A Chapter 7 trustee in Miami, Ft Lauderdale or Palm Beach County will abandon his/her interest if more money […]

What to do when choosing a bankruptcy lawyer

Bankruptcy Now - What to do when choosing a bankruptcy lawyer

One of the most important things to do when choosing a bankruptcy lawyer is to choose the right one for you.  Bankruptcy is a difficult subject in the law.  You have to make sure the lawyer is knowledgeable in not just the law, but the procedures required by the bankruptcy court. In the Southern District […]