Many will recall getting fraudulent emails from a fake Nigerian prince asking for help transferring money. While that scam is over ten years old and apparently still effective, tech-savvy fraudsters continue to evolve in their approach to stealing from their victims....
Personal Bankruptcy
People often wait too long before filing bankruptcy
People who have financial issues often regard bankruptcy as a last resort. It is something that is put off for months or years as they struggle to make payments. While this is admirable, it can be a mistake to wait. Some assets are protected Unfortunately, people will...
Bankruptcy updates for you from The Day Law Office
Many people in Florida are struggling financially. From unexpected medical bills to overwhelming mortgage or rent payments, debt and financial hardship are not uncommon today and many people are seeking bankruptcy for relief from their overwhelming debt. There is good...
Medical debt overwhelms millions
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...
Is it a good idea to get a credit card after 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...
Common exemptions in Chapter 7 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...
Avoiding stress shopping during the pandemic
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....
What happens to my retirement savings if I file for 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...
How the economic stimulus can affect your Chapter 13 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...
Qualifications for Chapter 7 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...