Category Archives: Bankruptcy
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 »
Can I Have Holiday Debt Discharged in a New Year Bankruptcy?
The holiday season might be a festive time for families and friends, but it is also a costly time of the year. According to a recent CNBC report, about 28 percent of credit card users are still making payments on holiday debt from 2023 while planning to take on additional debt this holiday season…. Read More »
Should I Consider Chapter 13 Bankruptcy If I Am Eligible for Chapter 7?
Many debtors who are considering a bankruptcy filing in St. Petersburg or elsewhere in Florida often wonder which type of bankruptcy they should “choose” to file, but there is not usually a choice for most debtors. Generally speaking, under the US Bankruptcy Code, a debtor can only be eligible for Chapter 7 bankruptcy if… Read More »
Do I Need to Pass the Means Test to File for Bankruptcy?
Are you currently considering a personal bankruptcy filing in Florida? If so, you might have started to read about bankruptcy options in order to understand your eligibility for filing different types of bankruptcy, and the benefits and limitations to each type of consumer bankruptcy. Generally speaking, individuals in the St. Petersburg area will typically… Read More »
