Category Archives: Bankruptcy
Bankruptcy and Adversary Proceedings
If you haven’t experienced enough stress simply by being squashed under untenable debt and then by filing for bankruptcy, now you learn that there is an adversary proceeding against you! It sounds alarming, and it is! It means that someone–probably a creditor or the trustee– wishes to fight the discharge of a particular debt,… Read More »
Tariffs and Bankruptcy
Small businesses are feeling the pressure that tariffs are causing, which has resulted in cuts to production and jobs, and even bankruptcies and company closures. The impacts of the tariffs on businesses who simply have no cushion to protect them has been devastating: Increases in costs of everything from raw materials to finished products,… Read More »
Reaffirmation in Bankruptcy
If the mere thought of bankruptcy brings you images of homelessness and poverty, you may have a very limited understanding of what the process entails. In fact, people are able to remain in their homes or can keep their vehicles in many situations. One tool that may bring you comfort is reaffirmation. Understanding Reaffirmation… Read More »
Who are Creditors in Bankruptcy?
Anyone filing for bankruptcy in this country will discover that there are many, many forms that need to be filled out. It’s essential that every document be accurate and complete in order for the procedure to go smoothly and efficiently. One important form requires you to identify secured creditors. Who and what is encompassed… Read More »
Is it Time to Talk to a Bankruptcy Attorney?
If your financial situation has become unmanageable, it may be time to look at bankruptcy as an option. But where to begin? The whole idea may feel completely overwhelming, and you don’t have anyone to discuss the possibilities. Finding a straight-shooting, experienced bankruptcy attorney to work with is the first step. Here are some… Read More »
Know Your Rights in Bankruptcy
If you’ve decided that filing for personal bankruptcy is the best way to get your debt issues under control, you’ve already survived the stress of angry creditors banging down your door. In many ways filing for bankruptcy will feel like taking a breath of fresh air, even though it can be complicated and depressing… Read More »
What Happens to Pets in Bankruptcy?
There’s absolutely nothing fun about having to file for bankruptcy. People in this situation have found themselves in financial difficulty, often through no fault of their own. Bankruptcy proceedings are generally stressful, and, depending on the type of bankruptcy, may involve the loss of numerous possessions. It’s understood, of course, that creditors have the… Read More »
Will Medical Debt Lead to Bankruptcy and/or Homelessness?
Over a quarter of Americans are straddled with serious medical debt. Medical bills that come rolling in for prescriptions, emergency care, hospital and doctor visits, physical therapy, medical devices, and related insurance premiums suck up huge portions of Americans’ earnings, often leaving them to forgo needed medical care, heating, grocery purchases, credit card debt,… Read More »
Means Testing for Chapter 7 Bankruptcy
Do you qualify to file for Chapter 7 bankruptcy? Many people don’t realize that the filing process includes means testing in order to have debt discharged with no repayment plan. While it’s a federal process, state law in Florida governs the rules around exemptions—meaning you can’t claim exemptions provided under federal law. The means… Read More »
Bad News for Medical Debt and Your Credit Report
For years consumer advocates have been pushing to leave medical debt and bills off of credit score reports, because getting sick shouldn’t be a factor in whether someone is worthy of getting credit. Americans celebrated when, in January of 2025, a rule was finalized by the Consumer Financial Protection Bureau (CFPB) ending the inclusion… Read More »