Over 2,500 cities across the county were included in a study conducted by a personal finance website. The amount of credit card debt was analyzed, ranking the participating cities from least to most debt. A determining factor in the ranking was how long it would take...
Month: January 2017
Florida developer files for Chapter 7 bankruptcy
Florida residents may at times find themselves facing difficult financial situations. They are often overwhelmed by debt and struggle to make ends meet each month. Many consider filing for Chapter 7 bankruptcy as a means to regain financial stability in their lives. A...
Home foreclosure activity in Florida highest in U. S.
According to a recent report, Florida is tops in the nation. However, in this report, first place was not the ranking Floridians would have chosen for their state. In the past year, Florida led the nation in home foreclosure activity. Studies show that 12 percent of...
Interest can hurt as much as the actual credit card debt
Florida ranked fifth in the nation in a recent financial survey. According to the survey, consumers in the state have the fifth largest average balances for credit card debt in the country. In addition to the high balance levels, the amount of interest associated with...
Filing Chapter 7 bankruptcy may be turning point for some
Some Florida residents may be struggling with the decision to file for bankruptcy. As they do so, it may help to understand that there is a potential "bright side" to filing Chapter 7 bankruptcy, according to the author of a 2016 book. The author, a consultant and...
Chapter 13 bankruptcy one option for debtors
Bankruptcy laws in some form or fashion have been in place in the United States for over 200 years. Our Constitution even addresses the subject of bankruptcy, and Congress has passed the Bankruptcy Code. Florida and every other state has at least one judicial district...
Chapter 7 bankruptcy trustees could be watching your Facebook
Many Florida residents post pictures of themselves on Facebook that put them in an exotic location or in front of a flashy car. Some appear to be wearing expensive jewelry and sporting wads of cash. These photos might make for a good joke, but if an individual filed...
Florida ranks 5th in credit card debt burden
While the reasons are many, the result is often the same. Loss of income, medical bills or inattention to the family budget can skyrocket the family's credit card debt. This excessive credit card debt has become a serious problem for many Florida families. Recent...