On behalf of The Day Law Office | Oct 16, 2020 | Personal Bankruptcy
Medical costs have long been a common reason that Americans file bankruptcy. This may be due to not carrying health coverage at all, high insurance deductibles, or being forced to use a less expensive plan that did not cover the underlying injury or illness. CNBC...
On behalf of The Day Law Office | Sep 16, 2020 | Personal Bankruptcy
There are mixed opinions about whether or not a consumer should get a credit card after the filing of a bankruptcy. A consumer’s credit score is normally very low when a bankruptcy case is filed. The creditors have normally not been paid for several months. After the...
On behalf of The Day Law Office | Aug 27, 2020 | Personal Bankruptcy
Chapter 7 bankruptcy often best applies to those facing the most severe financial challenges. Usually, it involves an approach where many non-exempt assets are liquidated to repay as much as possible to creditors before the debt is discharged. There is no other...
On behalf of The Day Law Office | Jul 17, 2020 | Consumer Credit, Personal Bankruptcy
Memories of empty shelves are all too clear from the early days of the pandemic. Hot items included toilet paper, cleaning wipes, sanitizer, and foods with a long shelf life. This was fueled by the panicked headlines in the media about this and other matters. The U.S....
On behalf of The Day Law Office | Jun 29, 2020 | Personal Bankruptcy
A major concern for people who need help with debt relief is whether their retirement savings will remain intact. Fortunately, 401(k)s, IRAs, and most types of retirement plans are exempt from the reach of creditors. However, you will want to avoid doing anything with...
On behalf of The Day Law Office | Jun 19, 2020 | Personal Bankruptcy
Earlier this year, to combat the dramatic economic slowdown caused by the pandemic, Congress passed a wide-ranging economic stimulus package called the CARES Act that included $1,200 payments to tens of millions of Americans. Some of the law’s provisions can affect...
On behalf of The Day Law Office | Apr 29, 2020 | Personal Bankruptcy
Florida residents are being burdened with overwhelming debt and it has been worsened by the COVID-19 pandemic. Many people are suffering and struggling with anxiety and depression due to the debt, layoffs, the economic shutdown and the everyday worries we all have...
On behalf of The Day Law Office | Apr 2, 2020 | Personal Bankruptcy
Not all fresh starts have to come with a reset. Bankruptcy tends to sound like you are going back to square one and putting a long road between you and good credit. It does not have to be drastic. Sometimes your case would benefit best from a Chapter 13...
On behalf of The Day Law Office | Feb 28, 2020 | Personal Bankruptcy
If you’re filing Chapter 7, your goal is to remove as much of your debt as possible. This action becomes more complicated when liens are attached to pieces of property. Generally, a bankruptcy filing doesn’t automatically remove a lien. The law gives you...
On behalf of The Day Law Office | Jan 21, 2020 | Personal Bankruptcy
Often when the economy is doing well, it means individual consumers are also doing well. This can mean a decline in bankruptcy rates. For many years the economy has been strong, and Florida’s middle district has seen falling filing rates, but in 2018, there was...
