When people think about bankruptcy, they may automatically conjure up images of seeing all of their assets sold, or liquidated, in order to pay back creditors. This typically describes the process of filing for Chapter 7 bankruptcy. For those in Florida who don't...
Year: 2014
Chapter 7 bankruptcy may be key to financial woes in Florida
Some folks may not originally like the idea of pursuing bankruptcy. However, after the financial crisis hit Florida and the rest of the country, many hardworking homeowners found themselves looking at the benefits of this option. Once a homeowner decides that...
Stripping a second mortgage may help Florida homeowners
Financial hardships can strike anyone at any time. The process of dealing with any kind of permanent or temporary financial crisis can be overwhelming and confusing, as bankruptcy laws have changed over the years. For Florida homeowners who have a second mortgage,...
Loan modification scams can further damage shaky finances
Florida real estate was hit especially hard by the recent recession. Many residents found themselves with mortgage payments that they were unable to pay or owing more on their homes than they were worth. Some of those facing foreclosure felt that they had no option...
Being behind on house payments leads to harassment by bank
For a homeowner, there may be nothing more frightening than the calls from the bank when struggling to keep up with a mortgage. Whenever a homeowner is behind on house payments, he or she still has rights and deserves protection from harassment or illegal action from...
Credit card debt can be handled through bankruptcy
There are many reasons people find themselves in situations where they feel they may need to turn to bankruptcy to regain financial footing. One common reason is the use of credit cards. In fact, credit card debt can spiral out of control and leave Florida families...
There are ways to stop harassment by your creditors
Whenever a family is struggling with debt and dealing with credit issues, the stress can be overwhelming. Harassment by your creditors can make this already stressful time much worse. It may make Florida residents feel better to know that there is help out there, and...
Price increase in Florida may help people avoid home foreclosure
Many people bought homes when prices were high in early 2006, right before the recession hit. This meant that, when that recession hit, those homes were worth less than when bought, meaning many were under water in their mortgage and unable to simply sell a home they...
Stripping a second mortgage may be tip for keeping home
The recession led to a situation where many homeowners were in a position where they were paying on homes that were worth less than what they owed. This situation meant that many of those Florida homeowners could not simply sell their homes when the mortgage payment...
Ways to overcome credit card debt and rebuild credit
No one is immune to debt and the pitfalls that come along with getting too much in debt. When debt becomes debilitating, it can be difficult to deal with mounting bills and find ways to improve credit ratings and scores. However, there are tips for those in Florida...