If your debts are mounting and you have no easy way to pay them off, filing bankruptcy can provide you long-term financial relief. Yet, it can also create financial challenges in the short-term, especially related to your credit. Because your bankruptcy will appear on...
Bankruptcy: when it’s the best option to take
Contrary to popular belief, filing for bankruptcy in Florida isn't the end of your life. In fact, it may even lead to the start of a less stressful life. Although some financial organizations say that bankruptcy is the worst thing you can do, they do not give you the...
How a Chapter 13 case is discharged
A Chapter 13 bankruptcy case allows you to get current on secured debts while paying only a portion of your unsecured debts. In some cases, you won't have to pay unsecured creditors anything during the repayment period. When the repayment period ends, your unsecured...
The advantages and disadvantages of reaffirming a debt
Most people in Central Florida who decide to file a petition for bankruptcy expect to have all their debts wiped out when the proceeding concludes. What many of these people do not realize is that some debts may be "reaffirmed" - that is, they may decide to shield...
Understanding Florida bankruptcy exemptions
Many people in central Florida who are considering filing a bankruptcy petition worry that all of their property, including their home, will be taken from them to pay the claims of creditors. If a person seeks discharge of all of their debts in a Chapter 7 proceeding,...
Understanding how the automatic stay works in bankruptcy
Many people in Central Florida think of bankruptcy as a dark, twisted road with an unknown outcome. While the end of a bankruptcy case cannot always be accurately predicted, virtually every personal bankruptcy case begins with the same event: the issuance of a court...
