Personal bankruptcy can eliminate or reduce many types of debts. But generally, student loans are among them. Bankruptcy law makes it very difficult to cancel student loans, except in cases where the debtor is experiencing severe financial hardship. Because student...
Year: 2020
Before bankruptcy, consider these money-saving tactics
Bankruptcy laws exist to give U.S. citizens a second chance. Too often, the timing of a few unfortunate events can have devastating consequences. A person could lose their job then get injured in a car accident the next day — in many of these situations, bankruptcy is...
A cautionary tale about an unpaid bill in Florida
A Florida man is facing foreclosure on his home over an unpaid homeowners association bill. The man, who is the father of a son in elementary school, and his wife bought their home in Beulah, Florida. They were young and starting out. He was still in school, and to...
Why bankruptcy may be the best solution to your credit card debt
If you have lost your job in Orlando recently, it is a stressful time. You have to worry about how to feed your family. You have to worry about how to pay the mortgage. On top of it all, you are watching the interest rack up on your credit card debt. You are not...
Are credit cards addictive?
Do you ever feel like you just can’t stop spending? Whether you primarily shop in person or online, do you make purchases that you know you can’t afford? The reason could be the fact that you’re using a credit card. Experts warn that credit cards can be addictive and...
Job loss can lead to bankruptcy
Consumer bankruptcy helps to protect individuals from having to deal with extreme financial hardships in an effort to cover bills that are far too costly. There are many things that can lead a person to file for bankruptcy. One of these is the loss of a job. One...
Keep a close eye on credit card debt
Many Americans have credit card debt. Most of these individuals are careful with how they use their available credit; however, some are finding that it only takes one problem to cause them default on those credit cards and wreak havoc on their credit report. People...
What happens to automated bills when you file bankruptcy?
If you’re like most Americans, you may not remember the last time you actually wrote a check for something. Online payments -- especially automated ones for recurring payments like your rent, car note and utilities. So, what happens when the automatic stay goes into...
Average household debts are high, but it’s a norm in America
You have always been good with money, but over the recent year, you’ve found that you’ve been putting more and more onto your credit cards. You want nicer things, and since you make plenty of money, you only think about debt in terms of how long it will take to pay it...
How the Florida homestead exemption helps protect your house
Your primary residence or homestead is likely the most valuable asset you own. Beyond that, it is your home where you have made memories and invested much of your money and time. The common concern that prevents people from considering bankruptcy when they would...