Bankruptcy | 3 Mistakes After Bankruptcy Bankruptcy . Congratulations – you’ve completed your bankruptcy and are on the path to a bright new financial future. Or are you? Roughly 1 in 7 people that file for bankruptcy end up repeating the process at some point in their life. Many of the people that do file [...]
Bankruptcy | Kanye West's $53 Million Debt Bankruptcy . To many Americans, celebrity debt sounds and looks horrific. Announcements like Kanye Wests' $53 million debt seem unbelievable, especially when the average American holds over $20,000 in debt from student loans, auto loans, and credit card bills. The amount is even greater with an average $70,000 mortgage, but [...]
Bankruptcy | Keeping Up with the Jonses It doesn't take long for life to turn into a competition. Suddenly, it's all about having the biggest and the best of everything: the biggest wedding, the most impressive home, the vacation that all of your friends on social media are jealous of. Living that financially extravagant lifestyle, [...]
Bankruptcy | Are There Tax Consequences After Filing Bankruptcy? It's important to weigh bankruptcy advantages and consequences, yet many forget to look at bankruptcy and tax consequences. If you do not file before receiving the form, that debt is considered for taxable income unless there is an exclusion or exception applied to the debt. Chapter 7 Bankruptcy [...]
Bankruptcy | Spring Break on a Budget Ahhh...it's Spring Break time. Can I get a collective sigh for a much needed break? The sun is shining. School is out. Your Facebook feed is likely already flooded with pictures of friends and family enjoying their time on the beach, in the mountains, or in the snow. [...]
Bankruptcy | How Does Divorce Affect Bankruptcy? Life isn’t always easy, but the hard times do help us appreciate the good times that much more. If you find yourself in a tough situation where you are contemplating both divorce and bankruptcy, knowing how they affect each other is important. Typically, divorce takes a backseat to [...]
Chapter 13 Bankruptcy|11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW ITChapter 13 Bankruptcy |11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW IT WORKSStopping a foreclosure – even after the sale date. Paying past due mortgage or car loan payments over time even when the lender will not work with you. Keeping assets you [...]
Bankruptcy Lawyer | Common Questions About BankruptcyBankruptcy Lawyer | Bankruptcy is a legal proceeding that helps some people who cannot pay their bills get a fresh financial start by temporarily, or permanently, preventing creditors from collecting debts from you. Bankruptcy is generally considered the debt management tool of last resort because the results are long-lasting [...]
Chapter 13 vs Chapter 7 BankruptcyChapter 7 Bankruptcy | Many people contact our office and want to know the difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy. While each of these types of bankruptcy is very different, they are both designed to provide debt relief for individuals and married couples.Chapter 7 BankruptcyA [...]
Bankruptcy Lawyer | There are many reasons an individual or family may consider filing for bankruptcy. Credit card debt is one of the most common reasons Florida residents turn to bankruptcy as a means of regaining control over their financial futures. When that credit card debt becomes unmanageable, it is vital to understand the different types of bankruptcy and how each type may be beneficial depending on the details of the situation.