With its twinkling lights and joyful tunes, the holiday atmosphere can create an irresistible urge to splurge. Even retailers know to strategically leverage this festive ambiance to entice consumers with irresistible deals and promotions. Furthermore, generosity is a...
Year: 2023
What the means test imply for my Chapter 7 bankruptcy filing?
You might have heard that before the court will approve your filing for Chapter 7 bankruptcy protection, you must pass a means test. This test's purpose is to restrict the number of American consumers who can eliminate all or most of their debts through Chapter 7...
When are Orlando debtors in danger of wage garnishment?
Imagine looking up your bank account on payday only to discover that you received 25 percent less than your last paycheck. This is what wage garnishment can look like in Florida. Wages can be garnished for a number of reasons. A defaulted loan is one of the most...
How to get a personal loan while in Chapter 13 bankruptcy
You might think filing for Chapter 13 bankruptcy will stop you from taking out any loans for a while. But the process takes from three to five years. Meanwhile, life goes on. At some point, you might need a loan to buy a new house or car, or pay for an expensive...
Why paying off your credit card debt is becoming tougher
Excessive credit card debt is tough to deal with in normal economic times. These days, it might be harder than ever to pay down your balance. As you know, the Federal Reserve has raised the prime interest rate several times in 2022 and '23 to try to tackle inflation....
2 ways that bankruptcy can help those who are facing foreclosure
People invest in their homes from both financial and emotional perspectives. Houses tend to serve as a physical representation of someone's personality, style and values, so finding and maintaining the ideal home can be an important form of self-expression for many...
Everything you should know about Chapter 7 bankruptcy
Are you struggling with overwhelming debt? Perhaps you are also considering filing for bankruptcy? You may wonder if Chapter 7 bankruptcy is the right choice. Chapter 7 bankruptcy is a lawful process that permits individuals to discharge most of their unsecured debt,...
Most people don’t have to liquidate assets after filing Chapter 7
Chapter 7 bankruptcy is known as liquidation bankruptcy. What it means is that you risk the liquidation of your non-exempt assets if you file for Chapter 7 bankruptcy. The trustee assigned to your case will be empowered to sell them off and use the money to pay back...
Will bankruptcy affect your child support payments?
If you need to pay child support but lack the finances to do so, you may be in a challenging spot. You want to take care of your child, but certain circumstances are affecting your ability to do so. In such an instance, you may decide to file for bankruptcy. Will...
3 common reasons that people end up filing for bankruptcy
Bankruptcy is a form of emergency financial protection. Individuals who are struggling with debt can ask the courts to temporarily stop collection activity and to discharge some of their unsecured financial obligations. Despite how common bankruptcy actually is,...