Category Archives: Bankruptcy
My Federal Student Loan Payments Are in Default — Can I File for Bankruptcy?
As of May 5, 2025, the US Department of Education has resumed collection efforts for defaulted federal student loans. For borrowers who have been in default up to this point, there was no need to worry about collection efforts because the Department had paused those collection efforts. In fact, a recent press release underscored… Read More »
Top Reasons to Consider Chapter 13 Bankruptcy
Struggling with debt can impact nearly every aspect of your life, and finding a way to manage or relieve debt is more important to your well-being than you might think. For many debtors in the St. Petersburg area, filing for bankruptcy has numerous benefits. While there are different types of bankruptcy that individual debtors… Read More »
Co-Signers and Chapter 7 Bankruptcy
Are you considering a Chapter 7 bankruptcy filing in order to get a fresh start? If so, it is important to understand how a liquidation bankruptcy can affect any debt you currently have for which you have a co-signer. When a person co-signs a debt, that co-signer becomes liable for the debt just like… Read More »
Top Reasons to Consider Chapter 13 Bankruptcy
If you are struggling to make monthly payments on the various debts you owe, you might be thinking about the possibility of bankruptcy. In general, individuals in Florida who are considering bankruptcy will typically plan for either a Chapter 7 liquidation bankruptcy or a Chapter 13 reorganization bankruptcy. When a debtor is ineligible for… Read More »
What Should I Do If My Chapter 13 Plan Becomes Unaffordable?
Hundreds of thousands of debtors file for Chapter 13 bankruptcy every year, according to data from the US Bankruptcy Courts. In Florida alone, an average of more than 10,000 Chapter 13 cases have been filed each year during the last few years, with a total of 10,049 Chapter 13 cases filed in Florida in… Read More »
Should I File for Bankruptcy at Tax Time?
As tax time approaches annually after the New Year, many Florida residents who have been considering the possibility of a personal bankruptcy filing are unsure about how they should plan the timing of their case. In other words, you may be wondering if it makes sense to file for bankruptcy around tax time, or… Read More »
What Are Chapter 7 Bankruptcy Schedules?
Are you currently considering a personal bankruptcy filing in Florida? If so, you might have done some initial research to learn that you will be responsible for submitting various bankruptcy “schedules” in connection with your bankruptcy petition. You are likely wondering: what are bankruptcy schedules, and what needs to go into them? In short,… Read More »
What Happens If I Am Ineligible for Chapter 7 Bankruptcy?
Are you currently considering filing for personal bankruptcy? If so, you may be thinking specifically about Chapter 7 bankruptcy, which is a type of liquidation bankruptcy. When consumers think about bankruptcy, they are often thinking about Chapter 7 bankruptcy, which goes relatively quickly from the stage of filing to the debtor receiving a discharge… Read More »
Bankruptcy and Credit Card Debt: What You Should Know
Thousands of Floridians are currently struggling with credit card debt, and Florida has one of the highest rates of credit card delinquency in the country, according to Forbes. On average, the total debt for Florida households is more than $56,000, with a substantial amount of that debt coming from credit card debt. Nationwide, the… Read More »
Can I Save My Home If I File for Bankruptcy?
When Floridians file for bankruptcy or consider a bankruptcy filing, they often worry that they will lose their home. Not only does Florida have an extremely generous homestead exemption for bankruptcy filers, but bankruptcy in Florida might actually be a tool that can allow you to keep your home when you are behind on… Read More »
