For many Florida retirees, the days of being financially secure are gone. Many people go into retirement with a significant amount of credit card debt that is a strain to keep up with when they are only receiving a portion of what they used to earn through either a...
Year: 2016
Why are condo foreclosures on the rise?
If you're facing foreclosure on your condo, the pressure probably started long before you were even in financial trouble. For many older condo communities, the effects of the 2008 recession never went away. These communities are faced with aging facilities in...
Do not wait too long to find a debt relief option
Research indicates that one out of every three Americans has saved for retirement, and approximately 62 percent have less than $1,000 in savings. The primary reason that most people here in Florida and elsewhere are unable to save money is due to their debts. Many...
Anyone can be overwhelmed by credit card debt
Many Florida residents are under the impression that only people who do not earn a substantial income, have a nice house or even a healthy retirement plan can experience financial hardship. Nothing could be further from the truth. Anyone can be overwhelmed by credit...
Chapter 7 bankruptcy and the Florida homestead exemption
When homeowners are in financial distress and begin to explore their debt relief options, they might become fearful that they will have to give up their homes. They might want to file for Chapter 7 bankruptcy, but are not sure how their homes will be affected....
Student loan debt relief is elusive for many borrowers
Recent estimates indicate that as of March, borrowers owe approximately $1.35 trillion in student loans across the country. Many Florida residents are likely among the nearly 10 million people who are unable to repay these loans, which means that approximately 43...
Have you verified your credit report?
Most major events require a background check or credit report before the deal is final. What you may not know is that the major credit reporting companies have a proven record of being wrong. If you're already struggling to pay your bills, that extra blight on your...
Beware of loan modification schemes
When Florida homeowners are unable to make their mortgage payments, they can begin to panic and look for a way to avoid losing their homes. It is this group of people that can easily become the target of loan modification schemes. Recently, two men were recently...
The automatic stay stops harassment by your creditors
When Florida residents who are in financial distress are being bombarded with phone calls, threats of litigation and wage garnishments, the stress can be overwhelming. Filing for Chapter 7 bankruptcy not only begins the process of eliminating many of an individual's...
Can creditors take my retirement funds after filing for bankruptcy?
After spending most of your career saving for retirement the idea of your hard earned money being taken away is devastating. Retirement accounts are essential to maintain the life you built, therefore the fear of creditors can keep some people from choosing to file...