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Declaring bankruptcy is rarely an easy path to take — even if there isn’t a chance you’ll actually be able to pay back your debts. Declaring bankruptcy means your credit (and credit score) take a hit, and your ability to secure credit becomes much more difficult, if not impossible. Not to mention the public perception […]
Knowing when it is time to file for bankruptcy is not always easy. If you are like many people who proceed with bankruptcy, there will not be one single clear sign that propels you to reach out to a bankruptcy attorney. Instead, you will likely base your decision on a combination of two or more […]
Getting out of debt can seem like an impossible task — especially if you are currently struggling to meet minimum payment obligations to your creditors. If you have reviewed your finances and find that your financial situation is worsening and there is no way you will be able to repay your debts within two or […]
Excessive debt can take its toll on your mental and physical health. If you have a lot of debt you may find yourself considering one of two options: debt settlement or bankruptcy. Choosing between these two options is a process that should be done with care, as your decision could have a long-term impact on […]
What comes first, divorce or bankruptcy? Finding yourself faced with deciding about one of these can be devastating, but when facing the prospect of both, the stress can be overwhelming. Divorce is often cited as a reason for filing bankruptcy. However, filing for divorce and bankruptcy simultaneously may not be a good idea. Before deciding […]
Chapter 7 bankruptcy offers an opportunity for people in severe debt to begin rebuilding their credit and their financial future. But not everyone is eligible for this type of bankruptcy. If you previously filed for bankruptcy or if you have too many non-exempt assets, you may not qualify. But one of the biggest reasons people […]
While it is very rare for lightning to strike the same place twice, in the world of bankruptcy there can be situations where a person who has previously filed for bankruptcy once again find themselves with too much debt and too little cash flow to service the debt payments. For that person, the burning question […]
Generally, there are two types of divorces in Florida, uncontested and contested divorce. Florida is a “no fault” state, therefore; you won’t have to litigate, provide evidence of adultery, or other reasons to file for divorce. See Florida divorce law. However, there can be extensive litigation over alimony, child custody, and other issues as part […]
There are many types of alimony (spousal support) available under Florida divorce law. See Florida divorce law 61.08. Two easily confused types of alimony are Bridge-the-Gap and Rehabilitative alimony. Bridge-the-Gap alimony is designed to help a person transition to become a head-of-household. On the other hand, rehabilitative alimony is to financially support a specific plan […]
For many, filing for divorce in Florida can sometimes be a long and tedious process. Florida divorce law has a complex web of statutes which must be successfully navigated. However, a divorce case in Florida can be summed up in many ways by using the PEACE acronym. The PEACE acronym represents all major parts of […]
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