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Tag Archives: bankruptcy attorney

Small Businesses Re-Organize to Pay Off Debt

Like many consumers, Florida businesses also been affected by the recent financial crisis.  While some businesses closed their doors others sought refuge in Chapter 11 Bankruptcy. The process for filing a Chapter 11 bankruptcy is similar to a Chapter 13 bankruptcy.  The business debtor files a plan to restructure and pay off debt.  Some small […]

The Bankruptcy Process: Frequently Asked Questions

Even as the economy shows signs of recovery, consumer debt reached record high levels last quarter relative to disposable income. According to a study by the Federal Reserve , consumer indebtedness totaled $11.34 trillion.  These figures could indicate that more people will turn to bankruptcy for debt relief. Bankruptcy is a household term, yet most […]

Things Not To Do When Contemplating Bankruptcy

Before you file for bankruptcy, you should carefully plan with your attorney to steer clear of mistakes that could prove costly.  Here is a list of common mistakes that you should avoid: Trading unsecured debt for secured debt: Avoid paying off debt with money from a home equity loan or second mortgage. When you file […]

Credit Reporting Agencies: Rebuild Your Credit after Bankruptcy

Good credit isn’t everything, but it can highly influence your lifestyle options.  With good credit, banks and other lending agencies offer you liberal lines of credit at lower interest rates. If your credit is questionable, however, you could be denied financing altogether or pay exorbitant rates to get it. Several factors can negatively affect your […]

Life after Bankruptcy: Tips on How to Recover from Debt Overload

When your financial troubles force you to file for bankruptcy protection, you might have difficulty believing that you will ever recover. However, with a positive attitude, determination and family support you could be on the road to recovery sooner than you think. A change in your spending habits is an important step in your economic […]

Recognizing the Emotional Side of Filing Bankruptcy

Financial hard times can hit anyone and cause emotional stress. It doesn’t matter your position on the economic ladder.  People who have a high income as well as those with lower incomes may need to turn to bankruptcy to help resolve their debt problems.   Researchers recently released results from studies analyzing the emotional toll high […]

Two Things You Never Bargained For: Bankruptcy and Divorce

There is a well-known adage that the thing husbands and wives fight about most is money.  Financial tension can put serious strain on a marriage and can often lead to divorce. It should therefore come as no surprise that when many marriages fail, the spouses wind up with financial difficulties, as well. Couples should consider […]

The Presumption of Fraud under BAPCPA

Most agree that every effort should be made to curtail abuses of the bankruptcy system. Some, however, argue that the last major change to the Bankruptcy Code went too far.  The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has been widely regarded as one of the greatest successes of the banking industry.  […]

How To Discuss Financial Problems With Your Kids

Many parents who are facing the prospect of a bankruptcy may be wondering whether they should be discussing their financial difficulties with their children. In all likelihood, your kids already have some sense of what’s going on. Research shows that a child’s perception of financial distress without explanation or assurances can cause long-term psychological problems […]

Debts That Cannot Be Discharged in Bankruptcy

Former NBA star Dennis Rodman is currently in court trying to get his large child and spousal support payments reduced.  However, rumors that he is planning to file for bankruptcy may be just speculation since his domestic support obligations — including the nearly $1,000,000 he owes in back child support — cannot be discharged in […]