Category Archives: Chapter 13
Can I File Chapter 13 Bankruptcy if I’m Unemployed?
Chapter 7 and Chapter 13 bankruptcies offer different benefits. Chapter 7 is generally reserved for low-income debtors who have significant unsecured debt, such as credit card debt, medical debt, personal loans, and old taxes. Through Chapter 7, debtors are able to “discharge” or wipe out certain types of debts. Meanwhile, Chapter 13 is a… Read More »
Amid COVID-19, Florida Governor Suspends Foreclosures
Since President Donald Trump declared a national emergency due to COVID-19, Americans’ lives have been turned upside-down. Schools have been closed and students switched to online learning. Businesses everywhere have shut down. Concerts, conventions, and events have been canceled, and even movie theatres have closed their doors. As a result, millions of Americans have… Read More »
Can You File Bankruptcy if You’re Unemployed?
If you’re unemployed and having a hard time paying your monthly bills, you may be considering bankruptcy and reasonably so. But you may also be wondering if you can file for bankruptcy when you’re unemployed. Will unemployment be a problem? It depends on the type of bankruptcy you’re interested in. Generally, if you file… Read More »
Can Child Support Be Discharged in Bankruptcy?
“Sometimes it’s difficult to collect past-due child support, especially when those amounts reach into the tens of thousands of dollars. The average amount owed among noncustodial parents with child support debt is more than $21,000,” according to the Office of Child Support Enforcement. If you can relate to the above paragraph because you too… Read More »
Claiming Bankruptcy if You’re Unemployed
Losing one’s source of income is one of the most common reasons people in Florida file for bankruptcy. If you have lost your job and you can no longer afford to keep up with all of your living expenses and debts, then filing for bankruptcy is one option you can use to keep your… Read More »
Can Rental Debt Be Discharged in Bankruptcy?
Are you behind on the payments on your rental property? Are you thinking of filing for bankruptcy to obtain relief from your debts? In this blog, we explain if rental debt can be discharged through bankruptcy. Rental Debt & Chapter 13 Bankruptcy If you file for Chapter 13 bankruptcy, you will have two options… Read More »
What Can I Do if I Can’t Keep Up with My Chapter 13 Debt Payments?
Under a Chapter 13 bankruptcy, you can pay back a portion of your debts over a three or five year period with a debt repayment plan. The debt repayment plan is an outline of how you will repay your creditors each month. However, there is a lot that can happen during the course of… Read More »
How Do I Discharge Medical Debt in Florida?
Did you know that most people who file for bankruptcy in the state of Florida do so because of medical debt? Although medical debt is a leading cause of bankruptcy, it is not considered secured debt, which means it can be discharged as part of a Chapter 13 bankruptcy repayment plan. In this blog,… Read More »
5 Types of Bankruptcy
If you are considering bankruptcy, you are probably wondering how to get started and what kind of options are available for you. In this blog, we explain 5 different types of bankruptcies to help you determine which option is right for you. Chapter 7 Bankruptcy Sometimes called “liquidation,” “straight bankruptcy,” or “complete bankruptcy,” Chapter… Read More »
Is Filing for Bankruptcy More Than Once in Your Life Allowed?
When debts become too great and there is little hope of paying them off, many people and businesses will turn to bankruptcy for a sound legal solution to the problem. For individuals, Chapter 7 and Chapter 13 are the two most commonly used forms of bankruptcy, with the former attempting to completely eliminate as… Read More »