Archive for the ‘Bankruptcy’ Category
The Means Test For Chapter 7
The two most popular chapters for filing for bankruptcy in the US are chapters 7 and 13. Of the two, chapter 7 is probably the most popular, as it allows a completely fresh start financially, coming out of the proceedings with no debt, as opposed to chapter 13, which makes an individual repay their debts over time, by means of a repayment schedule, the terms of which can be harsh.
Your 2nd Mortgage May Be Eliminated In A Chapter 13 Bankruptcy Filing
According to a recent story in the Orlando Sentinel, Orlando home values continue to decline. As an Orlando bankruptcy lawyer, I have witnessed this first hand. Now, I know you didn’t need the Sentinel to tell you that, but I digress.
Using Credit Cards To Repair Your Credit Rating After Bankruptcy
The good years were times of easy credit and a relaxed attitude to things like credit cards. Now economic times have changed and people are having to face some harsh economic realities, often finding that they have what has now become an unmanageable amount of debt, often due to irresponsible credit card spending.
Divorce And Bankruptcy: Credit Card Debt
A sad truth that any bankruptcy lawyer can tell you is that filing for bankruptcy and filing for divorce go together like peanut butter and jelly. As an Orlando bankruptcy lawyer, I have represented clients with money problems for many years and can tell you that many people file bankruptcy as a result of a divorce.
Benefits Of Hiring A Bankruptcy Lawyer
Every year, thousands of folks are affected by huge debt issues and most of them do not have any way to cope with these debt problems. For these people, the debt problem in their life is imperative and they do not know the way to prevail over this situation. A lot of these debt troubles have occurred in the past few years as a consequence of the severe economic problems.
What Is The Plan In A Chapter 13 Bankruptcy?
It always help to have a plan. Plans are are a good idea for relationships, business, and life in general. When filing Chapter 13 bankruptcy, a plan is not only a good idea, it’s required by law.
If I Stop Paying My Credit Card Debt, What Happens?
Recently, I was speaking to someone for their free legal evaluation and they asked me, “If I stop paying my credit cards, what will happen?” As an Orlando bankruptcy lawyer, among the first things I advise my clients when they decide they should file bankruptcy and hire me to represent them, is to stop making credit card payments.
Credit Score And Bankruptcy Relief
As an Orlando bankruptcy lawyer I speak with clients and potential clients every day who are considering filing for bankruptcy. Invariably, before we even get into the amount of debt the person has and how filing bankruptcy can benefit him or her, the person tells me they have an “A++” credit score. Or, I am made aware of their “850 Beacon Score”.
How Much Do I Have To Owe To File For Bankruptcy?
When I was a kid my Grandad used to tell me that if I ate my Lima Beans (Yuck!) they would put hair on my chest! I believed that myth, after all, my Grandad was a good source of information and he could bend a spoon just by looking at it! As you get older though, you learn that if you rely on unchecked myths you can really take a beating in life.
All About How Your Bankruptcy Works If You Are Married
When you are looking into Bankruptcy, you might wonder if you can file for this when you are married. You can do this. You can file when you are married. However, there are things that you must do a bit differently when file when you are married. Let us take a look at how your bankruptcy works if you are married.