Category Archives: Bankruptcy
When Financial Changes Interrupt Chapter 13 Payment Plans
Job loss—medical emergency—natural disaster—who knows when a financial emergency could turn your world upside down. It’s bad enough during normal times—but what if you’re hit with a financial crisis when you’re in the middle of trying to pay off debt through a Chapter 13 restructuring? Don’t panic—even in this situation, you do have some… Read More »
Why Choose Chapter 7 Bankruptcy?
If financial pressures are building, you may be feeling trapped. You owe so much money to so many different places, it seems you’ll never get out from under the debt. What are your options moving forward? One that you should seriously consider is filing for bankruptcy. While it may sound drastic, it could be… Read More »
Addictions Can Lead to Bankruptcy
For the families of someone who struggles with an addiction, there are many challenges. One that sometimes doesn’t get the attention it deserves centers on the debt that is related to addictions. The Challenge One of the biggest problems associated with the one-two-punch of addiction and debt is that families often don’t realize either… Read More »
The Impact of Debt on Children
No one loves the idea of serious debt, although many adults throughout the country struggle with it every day. It’s pretty obvious that crippling debt can have a negative impact on debtors in terms of stress, relationships, and satisfaction in life. But many of us never consider the impact of debt on our kids…. Read More »
Should You File for Bankruptcy Jointly with Your Spouse?
If you and your spouse are suffering financial distress and are considering filing for bankruptcy in Florida, you may be wondering whether you should file as an individual or jointly. In most cases it benefits couples to file jointly, although in certain situations that is not the case. Regardless of how you file, remember… Read More »
Getting Out of Debt is Possible
If you’ve been letting the mail pile up because you can’t bear to see one more bill, you aren’t doing yourself any favors. Instead, working with the knowledgeable debt relief and bankruptcy attorneys at The Law Office of Julia Kefalinos can help you reduce or eliminate debt you’ve accumulated related to credit cards, your… Read More »
Emotions During Bankruptcy
There’s no putting a pretty spin on it: going bankrupt—whatever the reason—can be emotionally traumatic. Some have likened it to experiencing a severe physical illness. Despair is just one of the many feelings that may accompany financial duress. Some may be surprised to discover that there are some very positive emotions connected with filing… Read More »
Bankruptcy Exemptions
If you are thinking about filing for personal bankruptcy, you may be especially worried about having to part with your possessions. It’s a legitimate concern—since that is precisely what happens in many bankruptcies. Understanding the rules and laws related to exemptions is important before you take the plunge into bankruptcy. Exempt and Non-Exempt Property … Read More »
Bankruptcy: Should You File Before or After the Holidays?
If financial problems have you in a quandary and you are considering filing for bankruptcy, you are not alone. In 2023 alone, nearly half a million bankruptcy filings occurred, compared to just about 390,000 filings the previous year. After decades of a decline in the number of bankruptcy cases, the numbers are inching upwards… Read More »
Bankruptcy Glossary
For people on the precipice of bankruptcy, the thought of entering a confusing and convoluted process can be overwhelming, if not terrifying. Understanding the process and the possibilities of bankruptcy starts with a basic understanding of the terminology common to bankruptcy proceedings. A handful of the important terms worth having at least a general… Read More »