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 »
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
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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”
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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 »
Bankruptcy is governed by federal law in the United States and provides a legal way to resolve financial disputes between debtors and creditors. Yet, very often those who are considering filing bankruptcy often feel ashamed and embarrassed by their financial crisis. To make matters worse, creditors may treat them like criminals, threatening them and their
Filing for Bankruptcy Isn’t a Crime Read More »
Often people discover too late how much damage a divorce can have on their financial health. As a result, an unbelievable number of people will be put into a position of filing for bankruptcy within only a year after their divorce. The aftermath of a divorce can leave people who may have never imagined needing
When Divorce Leads to Bankruptcy Read More »