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How Do I Get Out of Payday Loan Debt?

How Do I Get Out of Payday Loan Debt?

Payday loans are often the loans of last resort for people struggling to pay their debts and for life’s necessities, so if you have one of these loans, you may wonder, how do I get out of payday loan debt? If that’s your situation, other than paying off the debt, there are limited options that may allow you to change when and how much you pay back. If this debt is one of many dragging you down, you should consider filing for bankruptcy protection to give yourself a fresh financial start. [...]

Florida Chapter 7 Means Test Calculator – Do I Have Too Much Money to Use Chapter 7?

Florida Chapter 7 Means Test Calculator – Do I Have Too Much Money to Use Chapter 7?

Congress changed our bankruptcy laws in 2005, making it harder for those with higher incomes to file for Chapter 7 bankruptcy. The intent was to force this group into a Chapter 13 bankruptcy, to at least partially pay their debts. The Chapter 7 means test for Florida is a formula determining whether you should get debt relief under Chapter 7. It looks at your income and many other factors to see if you’re able to pay your debts. There’s no shame in declaring bankruptcy. It’s a legitima[...]

Can I file bankruptcy without my spouse?

Can I file bankruptcy without my spouse?

A person can file bankruptcy without their spouse. Whether or not this is a good choice depends on the laws in your state and the individual circumstances in your case. Florida is a “common law” state (as opposed to a “community property” state). In a common law state like Florida, debts that you and your spouse co-sign for result in your sharing these debts jointly. With few exceptions, debt taken on individually by one spouse generally remains that spouse’s responsibility alone. [...]

Can I keep my house if I file bankruptcy?

Can I keep my house if I file bankruptcy?

Sometimes when credit card and mortgage debts become overwhelming, a person can feel panicked. Lots of questions swirl through your mind like “How do I stop these creditors from calling me?” and “Can I keep my house if I file for bankruptcy?” It can be a struggle every month just to make minimum payments, and you may be tempted to let unopened bills pile up on the kitchen table. If this describes your situation, there is an option for a better future. Bankruptcy can be a chance to [...]

Five Reasons Why a Pandemic Might be a Great Time to Sell Property

Five Reasons Why a Pandemic Might be a Great Time to Sell Property

Realtors have faced countless challenges this year. Besides the pandemic, a weakened economy, and massive layoffs, many people have decided to put selling their home on pause for the year. While these challenges are certainly formidable, realtors should appreciate that this summer might actually be one of the best times in years to sell a property. In the hopes of giving realtors renewed vigor in approaching clients, this article reviews some silver linings of the current real estate market. [...]

Critical Questions to Ask Your Bankruptcy Lawyer Before Filing

Critical Questions to Ask Your Bankruptcy Lawyer Before Filing

Regardless of how much you think you know about the bankruptcy process, it is often still a good idea to speak with a knowledgeable lawyer who can answer any questions you might have. Reviewing the facts with a knowledgeable attorney is also one of the best ways to make sure that you avoid any errors that could end up jeopardizing your bankruptcy case.   To better prepare you for the initial meeting with your bankruptcy attorney, this article reviews some critical questions you should ask[...]

Realtors’ Commonly Asked COVID-19 Questions

Realtors’ Commonly Asked COVID-19 Questions

As we navigate the Covid-19 pandemic, many of us have been placed in situations that we never would have anticipated. While it is a good idea to retain the help of a knowledgeable property law attorney if you are facing a complex situation, it may also help to understand some legal responses to four of the most commonly asked questions that Florida realtors are asking during the pandemic.   What Unique Legal Complications Does COVID-19 Bring to the Real Estate Industry?   In situat[...]

Should You Wait on Bankruptcy or File Now?

Should You Wait on Bankruptcy or File Now?

  The COVID-19 pandemic and the subsequent havoc that the virus has wreaked on the economy have left many people facing difficult financial times. If you think that bankruptcy is a good option, you have likely also considered whether you should file for bankruptcy now or wait.  On one hand, filing for bankruptcy too early might mean losing a property you would have otherwise been able to keep. Conversely, waiting on bankruptcy might mean you can avoid the process entirely. To help you de[...]

Commonly Asked Questions About Selling Property During the Pandemic

Commonly Asked Questions About Selling Property During the Pandemic

One of the biggest challenges presented by the COVID-19 pandemic is that it feels like we are constantly being presented with new information about how the illness is spreading and how it is best controlled. As Florida continues to see an increase in the number of confirmed cases, there are countless questions that people interested in selling a property during this process have. The following reviews the answers to some of the most commonly asked questions by sellers during the coronavirus pand[...]

Navigating Life After a Bankruptcy Discharge

Navigating Life After a Bankruptcy Discharge

If you recently received a discharge following either a Chapter 7 or Chapter 13 bankruptcy, you are probably excited for a new beginning and a second opportunity to build a strong credit score. Making mistakes during this process, however, can lead to substantial complications. To make sure that you navigate this period successfully and rebuild your credit as strongly and quickly as possible, consider the following critical tips for life after bankruptcy.   Keep Copies of Bankruptcy Documents[...]