Every day, thousands of Americans file for Chapter 7 bankruptcy as a means to alleviate overwhelming financial burdens and seek a fresh start. However, the process is not always straightforward, and there are instances where individuals may face denials. Understanding...
Fort Lauderdale Bankruptcy Blog
Steps to take after your bankruptcy debt discharge
Whether your bankruptcy is over in months (Chapter 7) or the three to five years required for a Chapter 13 debt discharge, if you do all the court requires, at some point, you will emerge debt-free from bankruptcy. What happens next? Below is some good information to...
3 things parents should know when considering bankruptcy
Filing for bankruptcy is one way that some parents have been able to regain control of their financial future so that their children can enjoy greater stability. There are many considerations that you’ll need to think about if you’re considering filing for bankruptcy...
Your business can go bankrupt even if you do everything right
Some business owners think that bankruptcy is their fault. They made poor financing decisions or they misjudged their target audience. When the business has to declare bankruptcy, they feel devastated because they blame themselves for putting the company in this...
3 pre-bankruptcy blunders that can sabotage your fresh start
Are you mired in overwhelming debt? You are not alone. Florida saw nearly 25,000 bankruptcy filings in 2023. Exploring bankruptcy as an option is a big decision. Gathering general information about the process may be helpful, but avoiding common pitfalls before filing...
Will I lose my property if I file for Chapter 7 bankruptcy?
Filing for Chapter 7 bankruptcy can inspire significant concerns for individuals who are worried about the fate of their property. The thought of losing one's home, car or personal belongings can be daunting. Thankfully, understanding the ins and outs of Chapter 7...
Is it better to file for Chapter 7 or Chapter 13 bankruptcy?
Many people have debt, such as credit card debt, loans and medical bills. There are numerous reasons for people to struggle to pay off their debts. Unemployment can make it harder to pay off these financial obligations. Many people also don’t have savings to help them...
Is a personal bankruptcy part of the public record?
There are many reasons why people might need to file for bankruptcy. Maybe someone with a very tight budget suddenly lost their job and ends up overwhelmed by unmet financial obligations. Perhaps they fell behind on one account, and a creditor served them with...
Overlooked benefits of the automatic stay in bankruptcy
When you file for bankruptcy, one of the many benefits you will receive is an automatic stay. This means that until your case is closed, most of your creditors cannot contact you and they must halt their collections efforts. It’s a court-ordered tool, and you may be...
Should you consider negotiating a repayment plan?
Being in debt can feel overwhelming, and the way out is not always clear. If you’re unable to pay off your debts, what are your options? One option you may have is to arrange repayment plans with creditors. This means that rather than paying lump sums to settle the...