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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
Matthew Mazur, P.A. is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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