As Tropical Storm Irene threatens to become a hurricane, we are reminded of the climate conditions of our state of Florida. We enjoy mild winters, plenty of sunshine and the Gulf Coast and Atlantic Ocean but must pay for it with the occasional hurricane. Why do people...
Month: August 2012
It’s not your imagination. The middle class is shrinking.
For those in Florida who have not personally looked bankruptcy in the face or fought off a home foreclosure, there may be a misconception that those financial hardships only apply to people at the lower end of the social-economic spectrum. Not true. Bankruptcy can be...
Student loans not discharged in bankruptcy, students trapped
When a person takes out a private school loan to attend a Florida university, he or she does so with the expectation that some sort of career or job will follow the attainment of a diploma. What a person is not expecting is a medical illness, or disability due to a...
Too much credit card debt is bad. So is zero debt, seniors find.
In previous posts our Florida readers have learned about credit card debt, the affect it can have on a credit score, the unsavory practices of credit card collection practices and how credit card debt can contribute to bankruptcy. Recently it was demonstrated that...
Has Florida turned the bankruptcy corner?
Florida was one of the states hardest hit when the housing bubble burst. As we mentioned in a previous post, Orlando was hit hard by bankruptcies and foreclosures, but there are signs that we may have turned the corner. A recent report showed than Central Florida...
Ryan Lochte’s parents struggling to stay afloat in Florida
Gabby Douglas is not the only Olympian to be touched by financial difficulties. American swimmer and gold-medalist, Ryan Lochte, is making headlines for happenings outside of the pool. Reportedly, the Olympian's parents are facing foreclosure on their Florida home....
From Chapter 13 to Olympic gold in the family
It is a consistent project to remind people that legal options regarding financial struggles exist for a reason. People run into unexpected hardships and shouldn't feel shame when they have to seek help to reorganize their debts and their lives. Filing for bankruptcy...
Bad news for those who borrowed from Fannie and Freddie
As the landscape has so drastically changed as a result of the foreclosure crisis, efforts have been proposed and attempted to get homeowners back on their feet. Reducing the rate of home foreclosure and improving the housing market has become a political focus for...
