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
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
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
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
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 […]
What is the bankruptcy process like for the person who is filing for bankruptcy in Miami, FL, Ft. Lauderdale, FL and Palm Beach, FL
When filing for bankruptcy in Miami, FL, Ft. Lauderdale, FL and Palm Beach, FL, you and your lawyer must first decide whether to file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. That should be determined at the initial free consultation. A married person can file individually or jointly. When filing jointly, it is […]
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
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
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 […]
How the Foreclosure process works, and what Chapter 13 Bankruptcy can do for you.
When you buy a house, you are required to sign a lot of documents. The two main documents that you sign are the promissory note and the mortgage. The promissory note is the document that tells everyone that you are borrowing a certain amount of money. The mortgage incorporates the promissory note and says that […]