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bankruptcy lawyer

In most cases, obtaining a discharge will be the primary reason why a borrower files for bankruptcy. If a debt is discharged in bankruptcy, the borrower will be released from all personal liability on the debt. Further, creditors will be restricted from taking any collection action against the debtor for debts discharged in bankruptcy. Creditors…

medical bills

Unexpected medical bills can financially devastate a family for many years to come. The rising cost of health care is proving to be a tremendous burden on families. Most people file bankruptcy because of medical bills. A study by the American Journal of Medicine found that 62.1% of all bankruptcy cases are attributable to medical reasons. Further,…

calculator and stethoscope

If you are experiencing financial hardship, Chapter 13 bankruptcy may provide some much-needed relief. Chapter 13 is when a borrower consolidates their existing debts into one monthly payment. Unlike Chapter 7 bankruptcy, borrowers will not be required to sell their assets as a condition of the bankruptcy. Instead, Chapter 13 is considered a restructuring bankruptcy…

Bankruptcy Law

In Chapter 13 bankruptcy, there should be no risk of being forced to liquidate assets. Chapter 13 is a reorganization bankruptcy where borrowers pay debts according to a court approved payment plan. On the other hand, Chapter 7 is a liquidation form of bankruptcy. Borrowers won’t have to pay their debts, but in exchange, the…

house and gavel

Florida is a judicial foreclosure state. Therefore, a bank or HOA seeking to foreclose a home must receive approval from a judge. The case must be filed in the circuit court where the property is located. Under Florida foreclosure law, all mortgage foreclosure cases are to be conducted in a court of equity. Courts of equity…

medical bills

The coronavirus (COVID-19) has had a devastating impact on the lives of countless Americans.  Many have fallen ill, and others have become unemployed and are struggling to make end’s meat. Whether the impact has been to your income or the expense of supplies needed to prepare for this emergency, the unexpected tragedy has caused great…

Low Credit Score

If you are overwhelmed with debt, filing for bankruptcy may bring some needed relief. Bankruptcy is intended to discharge debt and give people a fresh start. In many cases, bankruptcy will help improve a borrower’s credit score. By discharging bad debts, cleaning up your credit report, and getting a fresh start, you may see a significant…

car being towed away

Repossession of a vehicle is an unfortunate situation too many people suffer.  If a borrower fails to make timely payments for a car loan the lender may begin the repossession process. See Florida Statute 537.012. For many, cars are essential for getting to and from work, school and repossession can have devastating consequences. Moreover, missed…

Foreclosure notice

Many homes, condominiums, and townhouses in Florida will be included in a homeowner’s association (HOA). If the property is part of an association, the homeowner will likely be required to make payments to the HOA. The fee will vary between each association, but in some cases can be hundreds of dollars each month. Further, the…

gavel on wallet

Florida Wage Garnishment Limits Wage garnishment has its boundaries defined by federal regulations, designed to ensure that a substantial portion of your earnings remains untouched for your essential living expenses. Although some states impose their own stricter garnishment limits, Florida adheres to the federal guidelines. Here are the rules: If someone you owe money to…