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Tag Archives: jacksonville bankruptcy lawyer

What Happens if My Creditors Object to a Discharge?

Obtaining a discharge is the primary purpose of filing bankruptcy. For Chapter 7 petitioners, the bankruptcy discharge begins their journey to a “financial fresh start.” The same is true for Chapter 13 filers who achieve personal and financial satisfaction when they successfully complete their repayment plans. A discharge means creditors may not seek further collection […]

What are My Property Rights? Florida State Exemptions

Bankruptcy allows people who owe more money than they can repay to either pay off a portion of their debt over time by filing a Chapter 13 petition, or request that the court forgive their entire debt by filing a Chapter 7 petition. Bankruptcy trustees may also liquidate debtors’ assets to pay off debts. However, […]

Five Bankruptcy Myths Dispelled

People who think about filing for bankruptcy protection are sometimes scared of the legal process. You may fear losing cherished property, being regarded with shame in the eyes of your family or even going to jail. Usually these fears are based on myths — not reality. We’re here today to address the five most commonly […]

Elements to a Successful Chapter 13 Repayment Plan

Some debtors may seek bankruptcy protection in order to get a better handle on their finances. Reorganizing debt is their goal, not liquidating debt all together. If this is what you aim to do, Chapter 13 bankruptcy might be the right choice for you. Chapter 13 bankruptcy is often called a “wage-earner plan” because the […]

Filing Bankruptcy May Even Stop IRS Collections

Mounting tax debt can cause extraordinary emotional stress and lead to financial ruin. Bankruptcy can be an effective tool in eliminating debt, including federal and state income taxes. However, not all tax debts qualify for bankruptcy, and failure to file bankruptcy in a timely manner can cause tax debts to fall outside your bankruptcy estate. […]

Retirees Lose Big by Borrowing Against Hard-Earned Pension Funds

Consumer-watch groups warn that older Americans may be at risk of losing their pensions to loan scammers. Recently, aggressive lenders have been targeting retired teachers, military veterans, first responders and other pension holders to take out cash advances from their retirement funds. These so-called advances are in reality craftily disguised loans that carry extraordinarily high […]

Exceptions to Automatic Stay

In this sluggish economy, people from various economic backgrounds struggle with burdensome debt. High credit card bills, medical expenses or job loss can cause you to have a disproportionate debt-to-income ratio. Some people turn to bankruptcy to get debt relief. One of the benefits of filing for bankruptcy is that it stops creditor collection actions. […]

Frequently Used Terms in Chapter 13 Bankruptcy Cases

People who file Chapter 13 bankruptcy petitions have the advantage of retaining personal and real property while paying off their debt through an affordable plan. Some people use Chapter 13 as a way to save their homes from foreclosure or their automobiles from repossession. Other people seek to restructure secured debt (other than their homesteads) […]

Don’t Let Old Habits Pull You Back into Bankruptcy

Those who don’t learn from the mistakes of the past are doomed to repeat them. So if you have recently emerged from bankruptcy, it is important to take a long hard look at what got you there and resolve to avoid making the same mistakes again. While some people end up in bankruptcy due to […]

Track Your Spending to Avoid Unmanageable Debt

We’ve talked before how it is often the small everyday expenses adding up over a period of time that contribute most of the debt problems many American households face. Of course major expenses like mortgage payments, car payments and utility bills contribute as well. But getting swamped by small recurring expenses is an easy trap […]