Category Archives: Bankruptcy
What Are Exceptions to Discharge in Bankruptcy?
Are you considering filing for bankruptcy in Florida? If so, one of the first steps you should take is to determine whether your debts are eligible for discharge — especially if you are seeking a fresh start by filing for Chapter 7 bankruptcy. To be clear, many consumer debts can be discharged according to… Read More »
Making the Most of New Bankruptcy Process for Student Loans
For many years, student loan borrowers have struggled with monthly payments and have often felt like their educational debt balance was preventing them from moving forward with their lives. Indeed, for many student loan borrowers in Florida, debts in the tens of thousands of dollars — and often much more — can mean high… Read More »
How Does Bankruptcy Offer a Fresh Start?
Many Floridians who are struggling with debt consider filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy, especially when they hear that bankruptcy can offer a fresh start. But what does it mean when someone says that bankruptcy can give you a fresh start? Generally speaking, the idea of a relatively quick financial “fresh… Read More »
Bankruptcy and the Holiday Season: What You Should Know
The holiday season often involves spending a significant amount of money — or at least spending more money than you do on a regular monthly basis — during the holidays. For people who are already struggling with debt, the holiday season can be especially stressful, and they may feel pressure to purchase gifts and… Read More »
Students Loans Have Restarted: Should You File for Bankruptcy?
As of October 2023, federal student loan payments have resumed. What that means for debtors in the St. Petersburg area is that they will need to begin planning for monthly student loan payments alongside other financial obligations. For student loan holders who were already struggling with debt before loan payments resumed, the addition of… Read More »
How Do I Know Which Type of Bankruptcy Is Right for Me?
Anyone in the St. Petersburg area or throughout Southwest Florida who is considering personal bankruptcy likely has questions about the type of bankruptcy filing they should be considering. There are several different types of bankruptcy that are available to individuals, and it can be difficult to understand the specific requirements of each type of… Read More »
No Student Debt Cancellation — What Does It Mean for Student Loans and Bankruptcy?
Debtors throughout Florida with federal student loan debt were eagerly awaiting news from the U.S. Supreme Court about whether the Biden Administration’s plan to cancel $10,000 or $20,000 of student debt would be permitted to move forward. Back in the fall, many debtors were already approved by the U.S. Department of Education (DOE) for… Read More »
What Will the Automatic Stay Do For Me When I File for Bankruptcy?
Considering bankruptcy and conducting initial research into the consumer bankruptcy process will likely result in your discovery of information about the “automatic stay” and just how important it is in any consumer bankruptcy case. Yet you might be confused and wondering: what is the automatic stay, and what will it do for me when… Read More »
What is a Homestead Exemption in Bankruptcy?
If you are considering a personal bankruptcy filing in Florida, it is essential to speak with a St. Petersburg bankruptcy attorney who can provide you with information about the bankruptcy process and can clarify how exemptions work and apply to individual cases. Generally speaking, in a Chapter 7 bankruptcy case — which is a… Read More »
Will My Property Be Liquidated If I File For Bankruptcy?
Making the decision to file for bankruptcy can be difficult, and even considering bankruptcy may be stressful. For many debtors in Florida, the bankruptcy process is extremely complicated, and it can be hard to know precisely what the process will look like and what to anticipate in a bankruptcy filing. The distinctions between Chapter… Read More »
