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Does Chapter 7 Bankruptcy in Florida Clear Out Credit Card Debt?

Does Chapter 7 Bankruptcy in Florida Clear Out Credit Card Debt?

Many people view bankruptcy as a way to clear out credit card debt and other forms of unsecured debt. In fact, Chapter 7 bankruptcy in Florida can be a very effective way to do just that. However, there are some essential things to know before filing for bankruptcy. First, it is important to understand that Chapter 7 bankruptcy cannot erase all your debt. This is because some debts are not fully dischargeable in bankruptcy. This means that some debts will continue to be owed by you. Examples[...]

How to Stop Your Creditors From Filing a Lawsuit Against You

How to Stop Your Creditors From Filing a Lawsuit Against You

In today’s world, creditors are often quick to file a lawsuit against a debtor. However, there are a few things that can be done to stop them from doing so. By understanding the creditor’s legal rights and how to protect oneself from lawsuits, it may be possible to avoid the costly and time-consuming process of defending oneself in court. This article will show you the steps to follow to ensure that your creditors cannot file a lawsuit against you. What are Creditors’ Rights in Flo[...]

Who Will Know if You File for Bankruptcy in Florida?

Who Will Know if You File for Bankruptcy in Florida?

In order to file for bankruptcy in Florida, you must choose one of the state's bankruptcy courts. Once you have made your choice, the court will assign you a case number and will begin to process your case. However, given that bankruptcy is often available in public records, many wonder what impact that may have on their financial future. This article should help clear the air a bit, by letting you understand who will know about your bankruptcy and what they can do with that information. [...]

What Happens to Child Support if You File for Bankruptcy?

What Happens to Child Support if You File for Bankruptcy?

If you are behind on your child support payments and are considering bankruptcy, you may be wondering what happens to child support if you file for bankruptcy. Sure, bankruptcy could be a lifesaver -- a way to have a fresh start devoid of many financial obligations. Will bankruptcy eliminate your child support obligations in Florida? What is Child Support? Child support is a payment, usually monthly, that one parent pays to the other parent to help cover the costs of raising their child. [...]

Can Bankruptcy Help You Erase Medical Debt?

Can Bankruptcy Help You Erase Medical Debt?

According to a recent report by the Peterson-KFF Health System Tracker Organization, more than more than 6% of American adults have at least one outstanding medical bill that is greater than $1,000. Additionally, the report noted that most Americans who have medical debt disclose that it has caused significant financial difficulty. Understandably, many individuals wish that the difficulty would just go away. Well, if you cannot afford to pay your medical bills and have been struggling to make[...]

Does Bankruptcy in Florida Clear Out Tax Debt?

Does Bankruptcy in Florida Clear Out Tax Debt?

In the United States, personal bankruptcy is a legal process that allows individuals to clear out their financial debts and start fresh. This means that any debts that may be owed could be automatically eliminated by the court system. However, before you make any decisions, it is important to know whether your tax debts will be cleared out by the bankruptcy process. In some cases, tax debts are discharged in a Florida bankruptcy. However, this is not always the case, and there are certain fa[...]

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[...]

Six Things Everyone Should Understand About Bankruptcy

Six Things Everyone Should Understand About Bankruptcy

  When most people encounter financial difficulties, they view bankruptcy as an opportunity to build a new credit history. As a result of the coronavirus pandemic and its ensuing chaos, an unprecedented number of people are finding themselves facing financial difficulties and considering filing for bankruptcy. The following reviews some critical things that you should understand before you pursue bankruptcy as a method of taking control of your debt.   Bankruptcy is Not Embarrassing[...]

What to Avoid While Repairing Your Post-Bankruptcy Credit 

Many credit repair companies prey on people’s hopes to rebuild their credit. As a result, many people are left in the situation of wondering what they can and cannot do to rebuild their credit score. While there are various steps that you can take to rebuild their credit, this article reviews some critical steps that you should avoid taking as you rebuild your credit score. Do Not Expect Things to Happen Quickly Some credit repair agencies promise to improve credit scores within a short period[...]

When can You Stop Paying on Debts After Filing for Bankruptcy?

If you plan on filing for bankruptcy, you are likely left wondering various questions including when you can stop paying creditors. The short answer is that you should not. Despite this, many people stop paying creditors shortly before filing for bankruptcy and use this money to pay for the bankruptcy filing costs. If you intend on filing for bankruptcy but are not sure exactly when you will do so, however, it is common to end up wondering if it is okay to stop paying your debt. While there is n[...]