When you file for bankruptcy relief in Fort Lauderdale, or throughout Florida, you are required to attend a 341 Meeting of Creditors. This meeting gives the trustee administering your bankruptcy case an opportunity to verify your identity, income, expenses, and to confirm that you disclosed all of your assets and…
Category: Bankruptcy
For many consumers who are struggling with debt, debt consolidation might sound enticing. However, will it truly help you achieve your goal of getting out of debt? It is imperative to thoroughly research the consolidation agency before deciding to work with them, as there are many companies that fail to…
While providing a source of income for thousands, there is no denying that companies such as Lyft and Uber have adversely affected the taxi industry. Once quite lucrative, taxi medallions may no longer be as profitable as they were before Uber and Lyft became major players in the transportation arena….
The Chapter 13 Bankruptcy Process The chapter 13 process can be complicated and rife with many potential pitfalls. Chapter 13 is a type of bankruptcy in which the debtor proposes a plan to repay creditors over a specific amount of time. The Petition And Repayment Plan Chapter 13 begins with…
If you are at least 62 years old and have equity in your home, you may be able to get a reverse mortgage. Reverse mortgages generally allow you to either eliminate your monthly mortgage payment, receive a lump sum payment, enjoy a monthly income from your equity, or have access…
When most people think of bankruptcy, they tend to think of chapter 7. Chapter 7 bankruptcy is by far the most appealing for most individuals because the overall process is likely easier and cheaper than any other chapter of bankruptcy. While there are many reasons that a debtor would prefer…
The most commonly filed bankruptcy chapter are chapter 7 and chapter 13, so we will compare these two in this article. Aside from these two chapters, chapter 11 is available for businesses or individuals who do not qualify for chapter 7 or 13; chapter 12 is available for farmers and…
With so many retailers having filed bankruptcy this past year, including BCBG, Payless, Toys R Us, and Radio Shack, to name a few, it is no surprise, that sometimes, unfortunately, businesses can fail. Continuing to operate a small business that is in debt, while dodging aggressive creditor collection efforts, is…
Benjamin Franklin said there were only two things certain in life: death and taxes. After all, it was not murder or racketeering but rather, tax evasion, that ultimately led to Al Capone’s capture. There is no question tax debt can be a source of sleep deprivation for many. I find…
