Good People File for Bankruptcy
In 2022, there were nearly 375,000 personal bankruptcies filed by normal, everyday people just trying to get back on track.
Bankruptcy Law – What is Chapter 20?
Chapter 20 - which is not an actual Chapter by law - provides an opportunity to eliminate more debt than Chapter 7 or Chapter 13 alone.
Eligibility Requirements for Chapter 7 and Chapter 13
Chapter 7 (liquidation bankruptcy) and Chapter 13 (reorganization bankruptcy) are considered the most common for individuals and small businesses - how is eligibility determined?
Who Pays When Debt is Discharged?
How would your life look if you were finally out from under your crippling debt obligation? It's time to find out.
Failed the Means Test? Don’t Worry!
If you are eligible for Chapter 7 bankruptcy and you pass your means test, debt should be eligible for discharge. But if you don't pass, you have other debt-relief options.
What Happens After a Bankruptcy Filing?
Although a bankruptcy filing is officially a public record, very few people will accessit - especially if they are unaware of the filing.
Bankruptcy Discharge Paperwork
Bankruptcy discharge paperwork is provided to a debtor once they complete their case. These documents will inform your creditors and any relevant collection agencies about the bankruptcy’s completion, typically rendering the debtor’s debts uncollectible.
Is It Wise to Delay Bankruptcy?
Unless there is a significant change in income, most individuals find that the longer they wait to file, the worse the situation becomes. Is it wise to delay bankruptcy?
Talking About Small Business Bankruptcy
Post-pandemic, many Sarasota area companies are considering their options - including filing for small business bankruptcy.
Florida Bankruptcy Laws for New Residents
Bankruptcy is an effective vehicle for getting back on one's feet financially, but those new to the state may wonder about Florida bankruptcy laws and the rules that apply.