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...
Personal Bankruptcy
What happens to property liens in a Chapter 7 filing?
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 more options...
What is happening with the bankruptcy filing rate in Florida?
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 a...
How can I maintain my budget during the holidays?
The holidays are a time for family, love and overspending. People maintaining tight budgets often face difficulty staying on track this time of year, especially when it comes to gift-giving and party planning. To help you stick to your budget, here are a few smart...
What is the 341 hearing?
After you file for bankruptcy in Florida, you will receive a notice regarding a 341 hearing. This notice is for folks who file for Chapter 7 and Chapter 13. It is referred to as the meeting of creditors. The hearing is scheduled 30-35 days after the case is filed. The...
What 5 things should you do after bankruptcy?
Once your Florida bankruptcy period ends, you should take advantage of your fresh financial start and make sure you never again get into serious financial trouble. To help you do this, Credit.com recommends doing the following five things. Keep your paperwork As...
When strategies to prevent foreclosure do not work
When people receive a foreclosure notice on their property in Florida, their first instinct is often to panic and feel hopelessness. While foreclosure is no casual issue, people do have the chance to stop the process in its tracks depending on how they handle their...
Detailing bankruptcy filing limits
A common misconception that many in Hernando County may have regarding bankruptcy is that the laws and regulations governing it are easily abused. By extension, the opinion that those same people have of those who file for bankruptcy is that they are simply...
Business owners, litigation and personal bankruptcy
Whether you run a retail business or a company that deals with manufacturing, finance or any other field, you may face many challenges each day. As a business owner, being taken to court is one of the most difficult problems that you may encounter. Not only can...
Qualifying for a mortgage after filing for bankruptcy
Among the more common misconceptions about bankruptcy is that it comes without consequences. Many in Hernando County might see it as an easy way for you to get away with not having to pay your bills. It might even be tempting for you to view it as a more attractive...