Options To Deal With A Car Repo In FL
2021 is expected to see a huge increase in repossession of vehicles because of loan defaults. These defaults are a result of missed monthly payments because of financial hardships caused by COVID-19. A repossession of a car is devastating, as it is typically an individual or family’s essential transportation for getting to and from work…
How To Get Your Credit Reports For Free
Unfortunately, many times people seek copies of their credit reports by going to sites like CreditKarma.com or one of the Credit Bureaus first and pay to obtain them. We advise our clients to get their Credit Reports through a website that provides a free annual report from Equifax, TransUnion and Experian and is guaranteed by…
What is Chapter 13 Bankruptcy?
What is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is a type of bankruptcy that allows you to develop a repayment plan for your debts based upon your disposable income each month. In some Chapter 13 Bankruptcy cases the debtor will pay back 100% of the debts they owe, but on a payment schedule that works…
Bankruptcy Question – What is a Reaffirmation Agreement?
What is a Reaffirmation Agreement? A Reaffirmation Agreement is an agreement between you and one of your creditors holding a security interest in property that is part of your Chapter 7 bankruptcy. Typically, the property in question is car. The Reaffirmation Agreement is made when you want to retain the car and continue to make…
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Abby Lee Miller of Dance Moms has been charged with Bankruptcy Fraud
What Is Bankruptcy Fraud? Bankruptcy Fraud typically happens when a debtor tries to conceal assets to avoid having to forfeit them in a bankruptcy proceeding. Additionally, Bankruptcy Fraud can occur when a debtor intentionally files false or misleading and/or incomplete bankruptcy forms with the Bankruptcy Court. In the event that Bankruptcy Fraud is suspected a…
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Bankruptcy vs Minimum Monthly Payments
Bankruptcy May Be A Better Option vs Minimum Monthly Payments The premise behind this post will most likely cause a little controversy. Many families are struggling maintaining their minimum monthly payments to credit cards. They make their monthly payments, yet they barely make a dent in the overall balance owed. Basically they are treading water. If…
Means Testing – Median Income for Florida Changing on November 1st
Median Income for Florida Changing on November 1st In order to file for bankruptcy you must under go a “Means Test” analysis to determine if you qualify for filing a Chapter 7 Bankruptcy. The Means Test is a two part test, the first part of the test analyzes your income vs. the “Median Income” for…
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Bankruptcy Question – Do Both Spouses Have to File for Bankruptcy?
Do Both Spouses Have to File for Bankruptcy? This question comes up a lot when I meet with married couples who are going through issues with debts and considering bankruptcy to resolve those issues. The quick answer is maybe. It will depend on whether or not each spouse has debts in common. For example if…
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Qualifying for Florida’s Bankruptcy Exemptions
I Am New To Florida And Need To File Bankruptcy, Do I Qualify to Use Florida’s Bankruptcy Exemptions? Potential clients come in my office all the time, who are recently transplanted to South Florida. Most have moved because of economic reasons to start a new job or to live with family and look for work.…
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Florida’s Bankruptcy Exemptions – Motor Vehicle Exemption
Will I Lose My Car if I File for Bankruptcy ? One of the most important questions potential client’s have when they come in to see me is whether or not they are going to lose their car (motorcycle) if they file for bankruptcy. Florida has a $1,000.00 exemption that can be applied to protect the…
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Florida’s Bankruptcy Exemptions – Wildcard Exemption
What is the Wildcard Exemption? If you are not claiming a homestead exemption in your bankruptcy, you are allowed to claim a $4,000.00 “wildcard” exemption. See FL Stat. 222.25 This exemption can be used to protect your personal property or motor vehicles. It is in addition to the $1,000.00 Personal Property Exemption you are entitled…
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Florida’s Bankruptcy Exemptions – Pensions and Retirement Accounts
Will I Lose My Pension or Retirement Account if I File for Bankruptcy ? One of the most important questions potential client’s have when they come in to see me is whether or not they are going to lose their pension or retirement account if they file for bankruptcy. Fortunately, Florida has some very strong…
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Florida’s Bankruptcy Exemptions – Homestead Exemption
Can I lose My Home If I File Bankruptcy ? One of the most important questions potential client’s have when they come in to see me is whether or not they are going to lose their home if they file for bankruptcy. For purposes of this discussion we are talking about “Primary Residence.” If the…
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You Have Bankruptcy Questions – Get Answers!
Get Your Bankruptcy Questions Answered! Many people go on the internet to do research about bankruptcy before they contact an attorney to discuss their specific situation. They look at page after page of information. Some of the information is good and some of it is not so good. The important thing to remember is that…
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A Loan Modification Through Bankruptcy May Be Possible! Learn More About The Loss Mitigation Mediation Program
[span12 class=’text-center’][/span12] On April 1, 2013, the United States Bankruptcy Court For The Southern District Of Florida started the Bankruptcy Loss Mitigation Mediation Program. The LMM Program was developed to provide another option for debtors dealing with lenders. The stated goal of the LMM Program is to “facilitate communication and exchange of information in a…
Its Tax Season – What are you going to use your Tax Refund for?
Do you have debts? Are you getting harassing phone calls from debt collectors? Are you tired of sleepless nights? Do you want a Fresh Start? Tax time is the best time of the year to deal with your debts. If you have been thinking about bankruptcy, but could not figure out how you were going…
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