In the aftermath of a bitter and expensive divorce and child custody battle, actress Kelly Rutherford has made the decision to file for bankruptcy relief. The announcement of the move toward Chapter 7 bankruptcy has led to headline in Florida and across the nation,...
Month: June 2013
Chapter 13 bankruptcy can lessen student loan pain
For many in Florida, high levels of student loan debt are putting enormous strain on their budget and peace of mind. When an individual's takes on student loans, it is with the expectation that the education that they are pursuing will enable them to find a good job...
Florida plan assists people in avoiding home foreclosure
When the recent recession hit the United States, many homeowners faced the prospect of their homes being foreclosed upon by their mortgage lenders. After the real estate market fell apart in 2008, millions of homeowners faced foreclosure. The Florida real estate...
Finance options may help in student loan debt relief
When a college student emerges from their chosen degree program, hopes are often high to find a good position using the skills and knowledge achieved during their years of study. Unfortunately, today's economic climate does not make this an easy task. Many new grads...
Woman unjustly denied loan modification by Bank of America?
When an individual in Florida encounters difficulty in making his or her mortgage payments, the response is often to seek assistance from the lender. In many cases, loan modification programs can help struggling homeowners to regain their financial footing and save...
Letter from the IRS leads many to seek debt relief
When a struggling Florida consumer checks the mailbox, there is rarely good news inside. Once financial hardship has set in, the mail becomes a daily source of stress, the box crammed with demands for payment, new bills and other evidence of a mounting debt scenario....
College kids, college tuition and bankruptcy exemptions?
When children ask their parents about their college experience, one of the most shocking things they learn is how much it cost. Well, it is really more how much it did not cost. A lot of college grads from the baby boomer generation were able to put themselves through...
Student loan default rates hit record highs
In a recent post and many times in the past we have discussed the problem of student debt and the way that it impacts other types of borrowing and debt. When recent graduates emerge from college, an associate's degree program, or graduate school with high amounts of...
Cancer diagnosis brings increased risk of bankruptcy
A recent study found that people who are diagnosed with cancer are 2.5 times more likely to declare bankruptcy than those who are not diagnosed with cancer. The study tells many Florida residents what they already know too well - that medical debt can lead to serious...
