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Category: Bankruptcy

How Will Bankruptcy Affect My Tax Refund?

The 2018 tax filing season officially begins on January 29, 2018 and the Internal Revenue Service (IRS) expects to receive approximately 155 million tax returns this year. Most individuals who are eligible to receive refunds via direct deposit can expect a turnaround time of 21 days with the first direct deposit date of the 2018 tax season expected to be February 12, 2018. For those who have recently filed bankruptcy or who are planning to file bankruptcy in the immediate future, your bankruptcy[...]

Things Every Couple Considering Bankruptcy Should Know

In marriage the vow “for better, for worse” acknowledges that a couple may experience substantial hardships that will test their commitment to each other. One hardship that is unfortunately common is financial difficulty that can seriously impact a family’s entire standard of living. When debts and monetary setbacks become more than a couple can reasonably manage, bankruptcy is often considered. Bankruptcy can allow a couple a chance to start over without substantial debt or give them a ch[...]

Jacksonville Chapter 12 Bankruptcy Lawyer

The American family farmer is at the center of this country’s history and self-image. The independent farmer was the core element of Thomas Jefferson’s vision of democracy. He believed that independence of judgement was a by-product of the self-reliance that farmers exemplified. That vision is still an important part of America’s identity. Just ask any of the artists who performed at Farm Aid 2017. The legal system should be especially responsive to the needs and concerns of America’s fa[...]

Chapter 7 Bankruptcy in Florida

Deciding to declare bankruptcy is never easy. There is a strong connotation associated with the word itself. Still, it may provide some solace to remember that even once-wealthy celebrities have filed for bankruptcy over the years. Just ask Mike Tyson. If used properly, declaring bankruptcy can offer a clean slate. This blog will provide an overview of when you should consider declaring bankruptcy and which steps to follow if you decide to do so. What to Consider The Chapter 7 bankruptcy statute[...]

Bankruptcy Judge Denies Bankruptcy Relief

Bankruptcy Relief Denied Last month a bankruptcy judge in Texas invoked a provision of the bankruptcy code to deny Chapter 13 bankruptcy relief to a man accused of statutory rape. The Bankruptcy Filing Husband and wife, John and Linda Sinclair filed for Chapter 13 bankruptcy relief in 2011. Chapter 13 is a reorganization form of bankruptcy. It allows debtors who are earning a living wage to propose and then execute a plan for repaying a specified amount of their debts over a period of years. [...]

Avoiding Mistakes When Filing Bankruptcy

Important Information for Filing Bankruptcy in Jacksonville, FL As FBI Agent William J. Maddalena stated in a recent press release, “[f]ederal bankruptcy proceedings can be a lifesaver for honest individuals overwhelmed by debt.” But why was an FBI agent talking about filing bankruptcy? Isn’t the FBI’s job to investigate crimes? Bankruptcy Fraud is a Crime As a matter of common sense and ethics, most bankruptcy filers know that they should not lie in their bankruptcy filings. But some[...]

Florida Bankruptcy Exemptions Provide Protection

Florida Bankruptcy Exemptions Chapter 7 bankruptcy is what most people would think of when they think “bankruptcy.” It is the process by which individuals have many or all of their debts discharged. This is achieved through a liquidation process by which many of the debtor’s assets are sold. The proceeds from this liquidation are then used to satisfy creditors. Whatever debt is leftover is, in many cases, then wiped out, giving the debtor a clean slate. This process may seem frightening,[...]

Understanding the Bankruptcy Discharge

One of the biggest advantages of filing for Chapter 7 or Chapter 13 bankruptcy is the bankruptcy discharge of certain debts that comes along with successful completion of the proceedings.  A Bankruptcy Discharge Is… A bankruptcy discharge is a permanent court order prohibiting creditors of the bankruptcy debtor from taking any action to collect discharged debts. This includes legal action as well as direct communications with the debtor (text messages, phone calls, emails, letters, etc.). I[...]

Pro Se Bankruptcy – Don't Go It Alone

Pro se is a Latin phrase meaning “for oneself” or “on one’s own behalf.” It refers to individuals who don’t use an attorney but instead, represent themselves in court. The rules that govern proceedings in federal courts (bankruptcy courts are federal) explicitly permit persons to appear pro se and represent themselves. However, just because something is permissible doesn’t always mean it’s a good idea. In re Baker 544 B.R. 461, a recent a Chapter 13 Bankruptcy case out of the Uni[...]

Automatic Stay to Prevent Creditor Lawsuits

If you’ve fallen behind on credit card, mortgage, or other payments on debt, it’s easy and natural to ignore the problem. This is particularly true if you don’t currently have the money to pay off the debt. You might be thinking if you just wait and ignore the collection calls, eventually you will have the funds to pay off the debt. That strategy does buy you time, but at the expense of interest accruing and of stress. And, unfortunately, eventually the creditor usually gets fed up and [...]