Chapter 13 bankruptcy is a viable option for those who don't qualify for Chapter 7 bankruptcy or who have valuable personal property that they would like to protect. There is no liquidation requirement in a Chapter 13 filing, which means you don't have to sell off or...
Chapter 13 Bankruptcy
Handling the first holiday season after Chapter 13
If you’re going to be filing for Chapter 13 bankruptcy before the end of the year, then you’re likely facing some anxiety about the holidays and the expectation of gift-giving and other expenses that come with them. This may be especially true if you have children who...
When does filing Chapter 13 bankruptcy make sense?
When people file consumer bankruptcy, many opt to eliminate their debts through a Chapter 7 case. You may have considered this option for the immediate financial relief it could provide. Yet, your income might prevent you from qualifying for it. Or, you might want to...
What is an automatic stay?
When you struggle with debt, it can be difficult to escape the thought of that burden. Persistent collections attempts from creditors can make that even worse. You may find written demands in your mailbox or email inbox. The messages on your phone may be filled with...
What is the means test and why does it matter?
When you have reached a point in your finances where you believe bankruptcy is among your most viable options, you will likely consider chapter 7 bankruptcy. Chapter 7 bankruptcy involves the selling off of significant assets in order to pay off creditors. However, to...
Why so many Chapter 13 cases fail and how to beat the stats
While filing for Chapter 13 bankruptcy might initially seem like your best option, given that you can keep your house and car, consider carefully the commitment involved. Can you follow through on three to five years of payments? What is your end goal? The truth is...
Can bankruptcy improve your marriage?
You’ve tried everything else that you can. The harassing phone calls and foreclosure or repossession threats can take their toll. People often turn to Chapter 13 bankruptcy in this situation to regain control over their debt by repaying their creditors over the next...
Bankruptcy could provide shelter when you’re facing foreclosure
The thought of losing your house to foreclosure can be terrifying, but handing over your family’s home through bankruptcy doesn’t sound any better. But with the right bankruptcy filing, you could have the answers you need to set your fears aside. Bankruptcy is a...
Why women may benefit from Chapter 13 bankruptcy after divorce
Debt can be problematic at any point in life, but it might be especially troublesome during periods of change. Divorce is just one example of this. Women in Florida might be particularly at risk for developing problems with debt after divorce. The factors that...
Medical debt behind many Chapter 13 bankruptcy filings
Forking out money for medical bills can be annoying. After all, many people in Florida are already shelling out significant monthly payments for health insurance, and added bills can really compound financial worries. In some cases, those medical bills can do more...
