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Category: Bankruptcy

Filing Bankruptcy Due to Medical Bills

  The constantly increasing price of medical care in the United States has created a substantial challenge for many families. As a result, statistics suggest that a large number of individual decide to file bankruptcy due to medical bills. Many families discover that bankruptcy can be a particularly helpful thing in these situations. The bankruptcy process is complicated, however, which is why many individuals decide to obtain the assistance of an experienced Florida bankruptcy attorney. Ch[...]

When is it Okay to File for Bankruptcy?

One of the most common problems faced by people who are overwhelmed with debt is determining when it is okay to file for bankruptcy. Even if people are struggling with their bills, it can be difficult to decide that bankruptcy is the best option. The following will review several of the questions that you should ask yourself to determine whether you are ready to file for bankruptcy. If you do decide that bankruptcy is a good option for you, should not hesitate to obtain the assistance of an expe[...]

The 11th Circuit Clarifies “New Value” Defense

  If you are new to the bankruptcy process, you might never have heard of the “new value” defense that applies in situations in which a company is providing goods to the party that declares bankruptcy on credit at a periodic rate and paid the company in the preference period, or the 90 days leading up to filing for bankruptcy. This defense often helps companies who are owed money ultimately lower the amount to be paid during the preference period. In many situations, however, establishi[...]

Rebuilding Your Credit Rating After Bankruptcy

Bankruptcy offers a second chance to rebuild your credit and continue onward with your life. Unfortunately, your credit score will temporarily fall after declaring bankruptcy. During the period immediately after bankruptcy, individuals often find it challenging to do things like rent an apartment or purchase a car or home. There are, however, some pieces of advice that you can follow after declaring bankruptcy to immediately begin improving your credit score.   Avoid Repeating Your Mistakes If[...]

The Impact of Bankruptcy on Medical Debt

A large number of Americans end up in financial debt due to the high costs associated with medical care. Many Americans who are diagnosed with serious medical conditions as well as who are involved in serious accidents can end up facing hefty medical bills. Many of those people decide to utilize the bankruptcy process to alleviate financial strain and unmanageable debt. This is because if you declare bankruptcy, your medical bills will often be part of your discharged debt. Chapter 7 Bankruptcy [...]

Why Businesses File Chapter 11

At the end of August, a potentially major legal showdown is scheduled to be heard in court as the company behind over 140 Applebee’s franchises fights against Applebee’s parent company. Approximately nine months ago, RMH Holdings, the second largest franchise holder of Applebee’s, stopped paying their parent company royalties and advertising fees. After months of contention, Applebee’s parent company, Dine Brands, attempted to regain control of the large number of RMH-owned locations by [...]

How can Chapter 13 Help You?

  For decades, the stigma of bankruptcy has existed throughout the United States. A person who filed bankruptcy was considered to be lazy, greedy, or poor at managing money. In reality, filing for bankruptcy is something that is often a result of unforeseen and unavoidable circumstances such as divorce, serious health issues, or even the loss of a loved one. If you are a person drowning in debt and not sure where to turn, take time to learn how chapter 13 can help you. End Tax Refund Interc[...]

Signs it is Time to Replace Your Bankruptcy Attorney

No matter how carefully you planned for the future and how hard you work, there are times when a personal or professional bankruptcy is inevitable. When you can no longer afford to make on-time payments and other forms of debt relief such as negotiating with creditors fail, then bankruptcy may become your only reasonable option. There are many attorneys who offer affordable professional bankruptcy services, but unfortunately not all of them are as professional as they claim. If you have hired a [...]

How Filing Bankruptcy Affects Florida Renters

According to the Florida Times-Union, Jacksonville, Florida has been a “hot market for renters” for a few years now. While the renter’s market might be booming, anyone who is dealing with bankruptcy may be wondering how filing bankruptcy will affect him or her as a renter. While an experienced Jacksonville bankruptcy attorney can help you understand everything you need to know about filing bankruptcy and how it will affect every aspect of your life, here is what you need to know about fili[...]

What to Expect at Your Bankruptcy 341 Meeting

One of the most potentially unnerving parts of filing for bankruptcy is the requirement to attend certain hearings in person. In addition to going before a judge to have your case confirmed, you must also attend a meeting of creditors with your trustee. This meeting is one of the most crucial parts of your bankruptcy case since the actions of the trustee and your creditors could potentially derail your filing. Knowing what to expect at your bankruptcy 341 meeting will help to reduce some of your[...]