Whenever you are consider filing for bankruptcy, you may wonder what assets you get to keep and what may be liquidated to pay off debts. Filing bankruptcy as a means of debt relief can help Florida residents hold on to assets they need, but you must understand the...
Month: August 2014
Credit card debt can be confusing when filing for bankruptcy
The recent economic situation of the last few years has left many people wondering what their options are. While most people may understand the basics of filing for bankruptcy in Florida, they may be confused about how debt is divided and handled during the process....
Is there a way to avoid home foreclosure?
Whenever someone has problems with finances, the possibility of a home foreclosure can make the situation all the more stressful. If mortgage payments are not able to be made on time and in full, the home foreclosure process may be started. It is important for all...
Preparedness for bankruptcy can stop harassment by your creditors
The thought of filing for bankruptcy can be overwhelming and extremely confusing for anyone. If you are considering filing for bankruptcy in Florida, the quicker you do so, and the more prepared you are for the process, the quicker you may be able to stop harassment...
Credit card debt a problem in Florida and the South
Debt, including credit card debt, has long plagued nearly every region of the country since the onset of the recession. The recession meant that debt took over and left many people in Florida and elsewhere with no other options but to file for bankruptcy or lose their...
Home foreclosure battle may still loom for some in Florida
When someone has had his or her home foreclosed on, that person may take some time to get back on his or her feet and move forward. However, a change in the law that determines the timeline for collecting deficiencies related to back-due mortgage payments has meant...
How can one avoid being caught in a loan modification scam?
The housing market took a tremendous hit when the recession affected the economy. As Florida families struggled to keep their heads above water, many turned to loan modification as a means of keeping their homes. However, if you have watched the news lately, you may...
What do you still have to pay if you file Chapter 7 bankruptcy?
Bankruptcy can be a confusing process. Chapter 7 bankruptcy and other types are often surrounded by myths and misinformation. It is important for anyone in Florida who is considering filing Chapter 7 bankruptcy to understand what kind of debts may not be discharged,...
To pay off credit card bills, one must understand interest rates
For many people, credit card debt is the one area of their financial life that may be the most confusing and difficult to handle. Credit card bills can lead to a disruption and destabilization of a Florida family’s budget and economic outlook. The key to dealing...