Orlando Bankruptcy Law Blog
Keep a close eye on credit card debt
Many Americans have credit card debt. Most of these individuals are careful with how they use their available credit; however, some are finding that it only takes one problem to cause them default on those credit cards and wreak havoc on their credit report. People...
What happens to automated bills when you file bankruptcy?
If you’re like most Americans, you may not remember the last time you actually wrote a check for something. Online payments -- especially automated ones for recurring payments like your rent, car note and utilities. So, what happens when the automatic stay goes into...
Average household debts are high, but it’s a norm in America
You have always been good with money, but over the recent year, you’ve found that you’ve been putting more and more onto your credit cards. You want nicer things, and since you make plenty of money, you only think about debt in terms of how long it will take to pay it...
How the Florida homestead exemption helps protect your house
Your primary residence or homestead is likely the most valuable asset you own. Beyond that, it is your home where you have made memories and invested much of your money and time. The common concern that prevents people from considering bankruptcy when they would...
Will filing bankruptcy really destroy your credit score?
One of the most pervasive myths about bankruptcy is the common belief that it will permanently damage your credit and make it impossible for you to obtain lines of credit in the future. If that were really the case, then almost no one would go through with bankruptcy...
Try these options to get out of debt faster
Credit card debt can make you feel like you’re stuck in an impossible bind. Interest rates are high, and you could find that it’s nearly impossible to make headway into paying down what you owe. There are options to help with this situation. Some are to: Look into...
Why consumer debt is so high
By all accounts, more Americans are working right now than ever. Unemployment rates are at a 50-year low, wages are moving higher and the economy is doing well. So, why are so many ordinary people struggling under massive amounts of credit card debt? Well, there is a...
Payday loans can be painful traps
Have you taken a payday loan? Maybe your car’s brakes went out, and you had no other way to work. Maybe your dog got sick, and the vet bill was a bit heftier than you were prepared to handle. Whatever the reason you got there, you are starting to realize that those...
This is how bankruptcy impacts refinancing
When you’re able to keep your home through a bankruptcy, you might be concerned about how much your payments are on it. For some, there comes a time when refinancing the mortgage becomes necessary. In these cases, you should understand your loan type and the chapter...
There are many good reasons to consider Chapter 7 bankruptcy
The more you review your finances, the more you realize that there is no way of escaping your debt. You’ve tried everything, just to realize that you’re in too deep to dig your way out of trouble. In this case, Chapter 7 bankruptcy is a financial strategy to strongly...
