A Chapter 13 bankruptcy can last between three and five years. During that time, a Florida filer's financial circumstances can change dramatically. Therefore, procedures exist to modify a debt repayment plan after confirmation if the changes are significant. For...
Month: August 2016
Chapter 13 bankruptcy was filed in good faith by elderly couple
Florida couples who are experiencing financial struggles often search for the debt relief option that will work best for them. For many, filing for bankruptcy will be the best option. Once that decision is made, the next hurdle is to determine whether Chapter 7 or...
The link between credit card debt and medical bills
While sources claim that the Affordable Care Act has lowered medical debt for many individuals here in Florida and across the country, many others are still struggling with it. In fact, approximately 64 million Americans struggled with this financial problem in 2014....
Bankruptcy could be the best debt relief option
Many Florida residents are talked out of filing for bankruptcy with stories of how it will ruin their credit and make it impossible to rebuild financially. They seek other debt relief options through credit counselors and other supposed debt management companies. Even...
Beware of the true cost of payday loans
Sometimes, consumers find themselves in need of immediate cash. Usually, the need is of an emergency nature such as a car repair, health emergency or other incidents that defy planning for. For some the need is great and resources for help are scarce. So, a consumer...
Chapter 7 bankruptcy often gets a bad rap
Florida residents who are overwhelmed by debt are often searching for the best debt relief solution. Many will fail to consider Chapter 7 bankruptcy, however. This is largely because of the amount of misinformation surrounding the process and the rights of filers. A...
Dealing with funds returned by creditors in Chapter 13 bankruptcy
Florida residents with regular incomes and struggling with their finances have options. Filing for Chapter 13 bankruptcy could alleviate their financial woes while allowing them to retain their property. As part of the proceedings, the filer is required to propose a...
Be wary of companies that promise you a loan modification
Too many Florida homeowners understand the uncertainty of whether they will be able to keep their homes because they are unable to make the payments. It is that uncertainty and fear upon which mortgage debt relief companies prey. Every homeowner should be wary of any...
Chapter 7 bankruptcy could be the best debt relief option
When a Florida consumer is having financial trouble, the prevailing advice is to work with creditors as much as possible and sell whatever can be sold. Therefore, people shy away from filing for Chapter 13 or Chapter 7 bankruptcy under the mistaken belief that it...
What a discharge means in a Chapter 7 bankruptcy
Getting some relief from overwhelming debts is something that many Florida residents both need and desire. However, there could be some confusion as to what debts can be discharged in a Chapter 7 bankruptcy and what debts cannot be. Here, we will explore the debts...