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Bankruptcy can be a useful tool for Florida homeowners who have gotten behind on their payments. Filing for either Chapter 7 or Chapter 13 bankruptcy can stop a home foreclosure action in its tracks, but there are caveats. It might be possible for your mortgage lender...
The media and debt relief advertisements make getting out of debt sound simple -- stop spending, work longer hours and sell stuff you do not need in order to pay down debt. Like numerous other Florida residents who are in financial distress, you might be at the point...
Getting behind on bills is never a pleasant experience for any Florida resident. If credit card accounts go to collections, the stress is often compounded by daily phone calls from credit card debt collectors. What many people do not realize is that many collection...
Some creditors will accuse Florida residents of purposely attempting to avoid paying a debt. When the individual owing the debt files for Chapter 7 bankruptcy, a creditor could ask the court to dismiss the filing based on U.S. Bankruptcy Code section 707(a). This...
Many Florida residents are able to diligently make their mortgage loan payments each month. They continue to do so believing that they will not have to face home foreclosure. However, one couple found out that mistakes were made by their mortgage loan servicing...
When many Florida residents divorce, they have both senior and junior liens on the marital home for which both parties are legally responsible. If one ex-spouse files for Chapter 13 bankruptcy, he or she might wish to strip the junior lien as part of a debt repayment...
For years now, companies have run credit checks on job applicants in order to assess their susceptibility to embezzlement or theft. This knowledge can make many Florida residents hesitant to file for Chapter 7 bankruptcy because they fear that it will hurt their...
When Florida couples divorce, each party will typically assume a portion of the marital debts. Doing so could put you in a precarious financial position. Fortunately, it may be possible for you to find debt relief through bankruptcy. The primary question for each...
The simple answer to that question is that it depends on your circumstances. The primary reason that many Florida residents file for Chapter 13 bankruptcy (reorganization) over a Chapter 7 (liquidation) is that they want to retain as much of their property as possible...
The housing market in South Florida remains unstable despite recent gains in the rest of the state. This is partially evidenced by the fact that the home foreclosure rate in the area went up 6 percent in the last six months. Fortunately, even with that increase, the...