When most people think about bankruptcy for the first time, they associate it with failure. Failure can elicit a number of emotions, mostly negative, such as fear, depression, anxiety, and self-esteem issues. However, bankruptcy can’t be encapsulated by that one word. It’s much more complex. In this world, one’s fortune can turn on a dime. […]
Bankruptcy-An End or a Beginning? Read More »
Bank of America has not always enjoyed a stellar reputation and now we can see why. They’ve earned it. File this under outrageous and reprehensible. Florida residents Warren and Maureen Nyerges, were furious when their Bank of America branch threatened to foreclose on the home that they had purchased years ago. The bank threatened to
Bank of America Files Foreclosure on Florida Couple That Paid Cash for House Read More »
Lifetime’s “Dance Moms” star Abby Lee Miller found out the hard way that you can’t fool around with federal bankruptcy laws and get away with it. She has been sentenced to one year and one day in federal prison, followed by two years of supervised release, in addition to being fined $40,000 and ordered to
Bankruptcy Fraud Is Not Something to Dance Around Read More »
Money problems can keep us up at night. It’s a stress that many of us face at some point in our lives. I wrote about another source of stress, divorce, a few weeks ago. Financial stresses can be more difficult to deal with than any other type of stress in life because there may not
Money Issues-Dealing With Them Before You Lose More Sleep Read More »
Now that Black Friday is a foggy memory and Cyber Monday is soon over, it’s a good time to talk about bankruptcy and its relationship to the holidays. Every year, I file more bankruptcy petitions in federal court in Tampa during the month of January than any other time of the year. Once the holidays
Bankruptcy and Holiday Shopping Read More »
It is an unfortunate fact of life that many Floridians seek help from sham credit counseling and credit repair companies, many of which promise to help consumers with their credit debt but end up taking their money and doing nothing. Ads for such companies increase during this time of year as people sink deeper into
Credit Counseling and Repair Scams Read More »
The means test in Chapter 7 bankruptcy only applies to higher income bankruptcy petitioners. According to bankruptcy law, this means test is only for those whose income is higher than the Florida median according to family size. The means test applies for filers whose debt is primarily consumer debt. If your debt is primarily “business”
Florida Bankruptcy Means Test Read More »
Bankruptcy can be a difficult decision for most of us. There are financial and emotional factors to be considered and resolved before taking the plunge. Many people considering bankruptcy face unwelcome emotions of failure and despair. They may even be ridden with guilt. These emotional issues should be confronted and resolved before embarking on the
5 Things To Do in Bankruptcy Read More »
Bankruptcy is governed by federal law and all bankruptcy proceedings are heard in federal court. In our area, the bankruptcy court is located in Tampa. In most instances, bankruptcy for individuals will usually mean filing a chapter 7 or a chapter 13 bankruptcy. Essentially, there are some basic differences between the two and I can
Bankruptcy, Chapter 7 or Chapter 13 What’s the Difference? Read More »
Bankruptcy allows you to resolve insurmountable debt in a legal way. The bankruptcy laws provide you with a fresh start to your financial life. However, they are provided in good faith and assume you will comply with the provisions of the law. Here are five things you want to avoid if you’re thinking about filing
Five Things to Avoid in Bankruptcy Read More »