Orlando Bankruptcy Law Blog
Bankruptcy puts you in a position to rebuild your credit
For the average person with substantial personal debt, bankruptcy is often the last resort. Many people will struggle with their budget and try to cope with aggressive collection activity for months before they decide that bankruptcy is a viable solution. One of the...
Compulsive shopping disorder could easily lead to bankruptcy
Compulsive shopping isn't just a bad habit. It can be a mental health disorder. People can become addicted to the thrill of shopping and the short-term rewards that purchasing produces. From the social pleasure involved in going to stores with others to the reward...
Student Debt Is Subject of Recent Bankruptcy Bill
For many who consider filing for bankruptcy, one of the biggest surprises and sources of frustration is the knowledge that student loan debt can almost never be discharged in bankruptcy. While most other types of unsecured debt are dischargeable (including credit card...
Pandemic Sees Drop in Bankruptcies, But Spike is Coming
There’s little debate about the fact that the American economy is in trouble right now, mainly as a consequence of the coronavirus and subsequent nationwide shutdown of many businesses. Millions have lost jobs, and that will have long-lasting impacts even after the...
How does bankruptcy end harassment from creditors?
It is stressful to know that your income is not currently high enough to cover all of your expenses. It is even more difficult to deal with the aggressive attempts by companies that you owe money to or that have purchased your debt to compel you to pay when you don't...
5 Signs you’re in over your head financially
Most people have to acquire some debt to afford things such as a home, car, college or other significant purchases. But while some debt is typical, it isn't always easy to realize when it becomes more than you can handle. Here are five common signs your finances are...
The top reasons Americans file for bankruptcy
Contrary to popular belief, most bankruptcy cases aren't the result of reckless spending, but rather financial hardship. In a country where over three-fourths of all full-time workers live paycheck to paycheck, large, unpredictable expenses or an interruption in...
When does filing Chapter 13 bankruptcy make sense?
When people file consumer bankruptcy, many opt to eliminate their debts through a Chapter 7 case. You may have considered this option for the immediate financial relief it could provide. Yet, your income might prevent you from qualifying for it. Or, you might want to...
Understanding basic bankruptcy terminology
Facing financial turmoil can be daunting enough without the confusion of administrative complexities and jargon that comes with filing bankruptcy. It may help you to get to know some of the terms related to bankruptcy so you have a better idea of what to expect as you...
Do you qualify for debt relief under Chapter 7 bankruptcy?
Whether you have struggled under the burden of debt for some time or an unexpected event like a medical emergency has left you with mounting medical bills, bankruptcy could offer relief. When filing, though, it is important to determine whether Chapter 7 or Chapter 13...
