As the recession wanes, certain economic indicators have shown a marked improvement in the housing market. While there is marked recovery, Florida and a few other states still struggle with the aftermath of the housing crisis. Despite that struggle, there are current...
Month: June 2014
Family fights home foreclosure for years
Whenever a family runs into financial trouble and seeks various means of help, there may be lots of paperwork and documentation involved. The quest to obtain a mortgage modification or going through the bankruptcy process as a means of avoiding home foreclosure can be...
Seeking debt relief after small amounts of debt accumulate
Medical debt can quickly accumulate after a serious illness, surgery or unexpected accident, which can lead a Florida individual to seek debt relief. Many people do not consider that even a small amount of medical debt can lead to financial problems and other types of...
Can you protect IRA assets during Chapter 7 bankruptcy?
It has always been a matter of complication when determining if inherited IRA accounts can be affected by Chapter 7 bankruptcy. Recently, the Supreme Court ruled that inherited IRA accounts are eligible to be confiscated for the purpose of discharging debts. A recent...
Credit card debt can have costly consequences
Whenever someone struggles with credit card debt, there may be many options for them to pursue as a means of regaining control. If someone has past-due credit card debt and is unaware of the debt or is unable to pay it off, there may be a variety of consequences. One...
Home foreclosure rates improve in Florida
The housing crisis is slowly improving, and many people are finding it easier to stay in their homes. However, the crisis hit deep across Florida, and the sunshine state continues to struggle to deal with a higher than average home foreclosure rate. Although there is...
The possibility of home foreclosure can happen across all incomes
The recession hit everyone across the board, across all income levels. The housing market in Florida took a direct hit. When people think of home foreclosure rates, they may picture the downtrodden and those who may have been on the lower end of the income scale....
Ways to reduce credit card debt and other debt
Falling behind on payments for medical bills, mortgages, credit cards and other bills is not rare or uncommon anymore, even for those who would never have guessed that they would struggle financially. The recession left many Americans trying to find a way to reduce...