Orlando Bankruptcy Law Blog
Studies find that you’ll spend more on a credit card than with cash
Do you struggle with overspending? Has this practice created a lot of debt that you now have to address? You may find yourself wondering how it happened. You didn’t feel like you were spending more than you could afford, but now it’s clear that that’s exactly what...
Things to consider when filing for Chapter 7 bankruptcy
These days, thousands of families across the United States are dealing with significant financial concerns. So many people are losing their jobs, yet bills still keep piling up. With no income, debt can quickly snowball and become overwhelming. Florida residents who...
Is it better to choose bankruptcy or to reorganize your debt with consolidation?
When you’re in debt, two of the options you may look into are bankruptcy and debt consolidation. Both have the potential to help you, but they do work differently. For example, a Chapter 7 bankruptcy may ask you to liquidate some of your assets to repay what you owe....
Transferring your credit card balance could cause more debt
Credit card companies always seem to have new ways to motivate people to take on more debt. Sign-up bonuses for new cardholders is a common marketing tactic that can get people to open a credit card and start borrowing money with it. Allowing for 0% interest or at...
Tips to pay off overwhelming credit card debt
These days, it is far too easy to make unnecessary purchases with credit cards. Credit cards can definitely be a convenient way to buy goods and services, but these purchases quickly add up. Unfortunately, far too many Florida residents find themselves drowning in...
Bankruptcy puts you in a position to rebuild your credit
For the average person with substantial personal debt, bankruptcy is often the last resort. Many people will struggle with their budget and try to cope with aggressive collection activity for months before they decide that bankruptcy is a viable solution. One of the...
Compulsive shopping disorder could easily lead to bankruptcy
Compulsive shopping isn't just a bad habit. It can be a mental health disorder. People can become addicted to the thrill of shopping and the short-term rewards that purchasing produces. From the social pleasure involved in going to stores with others to the reward...
Student Debt Is Subject of Recent Bankruptcy Bill
For many who consider filing for bankruptcy, one of the biggest surprises and sources of frustration is the knowledge that student loan debt can almost never be discharged in bankruptcy. While most other types of unsecured debt are dischargeable (including credit card...
Pandemic Sees Drop in Bankruptcies, But Spike is Coming
There’s little debate about the fact that the American economy is in trouble right now, mainly as a consequence of the coronavirus and subsequent nationwide shutdown of many businesses. Millions have lost jobs, and that will have long-lasting impacts even after the...
How does bankruptcy end harassment from creditors?
It is stressful to know that your income is not currently high enough to cover all of your expenses. It is even more difficult to deal with the aggressive attempts by companies that you owe money to or that have purchased your debt to compel you to pay when you don't...
