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Category Archives: Debt Relief

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Can the Paycheck Protection Program Help My Florida Business During the COVID-19 Pandemic?

By Julia Kefalinos |

In response to the massive economic shutdown caused by the COVID-19 pandemic, Congress established the Paycheck Protection Program (PPP) to “provide a direct incentive for small businesses to keep their workers on the payroll.” Congress initially appropriated $349 billion to the PPP, which was quickly exhausted. On April 24, the President signed additional legislation… Read More »

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What Are My Debt Relief Options Following the Government Shutdown?

By Julia Kefalinos |

The recent partial federal government shutdown was the longest in U.S. history, and affected hundreds of thousands of workers. This includes not just direct employees of the federal government, but also individuals who work for government contractors, many of whom still have yet to receive back pay. For Florida workers living paycheck-to-paycheck, this means… Read More »

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Florida Clarifies Rights of Mortgage Holders in Bankruptcy

By Julia Kefalinos |

Although filing for Chapter 7 bankruptcy can eliminate most of your unsecured debts, it does not get you off the hook for any debts secured by property, such as your home mortgage. While filing for bankruptcy can delay a foreclosure, it cannot ultimately prevent the bank from taking your house if you are unable… Read More »

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FTC, Florida Officials Shut Down Purported Student Loan Debt Relief Scam

By Julia Kefalinos |

Student loan debt is out of control in Florida and throughout the country. According to Forbes, there are more than $1.3 trillion in outstanding student loans in the United States. For a college student who graduated in 2016, their average loan debt is over $37,000. About 11 percent of student loan borrowers end up… Read More »

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When Are Credit Card Debts Unenforceable in a Chapter 13 Bankruptcy?

By Julia Kefalinos |

Many Florida residents file for Chapter 7 or Chapter 13 bankruptcy due to mounting credit card debt. But before you seek bankruptcy protection, you should know that depending on how old your credit card debt is, the lender may have no legal recourse against you. This is because credit card debt is subject to… Read More »

Will I Go to Jail If I Don’t Pay My Creditors?

By Julia Kefalinos |

One of the reasons that the United States developed bankruptcy laws was to end the practice of throwing debtors in jail. Once prevalent in England and its colonies, debtors’ prisons were effectively eliminated in the U.S. by the 1830s. This means that under ordinary circumstances, a person cannot be sent to prison simply because… Read More »

Can Bankruptcy Eliminate My Tax Debt?

By Julia Kefalinos |

Bankruptcy allows debtors to reorganize or discharge most of their debts. For many unsecured debts, like credit card bills, a Chapter 7 bankruptcy can wipe out the debt entirely. But not all debts are treated the same under the Bankruptcy Code. For example, while you may be able to discharge some tax debt through… Read More »

When Should I Consider Filing for Bankruptcy?

By Julia Kefalinos |

Credit card debt is a fact of life for many of us. And if you are behind on your bills and have started receiving letters from debt collectors demanding immediate payment, you might wonder if filing for Chapter 7 or Chapter 13 bankruptcy is the right move. While bankruptcy does afford many debtors a… Read More »

How an Automatic Stay Protects Debtors in Bankruptcy Cases

By Julia Kefalinos |

An “AUTOMATIC STAY” or freeze on all collection activity is triggered the moment you or your business files a petition for bankruptcy. This is a court order for ALL creditors, or their representatives to immediately cease collection activities. If they fail to do so they must explain why they violated the automatic stay to… Read More »

There is Rarely Any Student Loan Relief in Bankruptcy

By Julia Kefalinos |

Bankruptcy is often seen as a fresh financial start, providing individuals with a path out of debt and towards better money management habits. Each year, the U.S. Bankruptcy courts receive thousands of petitions from individuals hoping to discharge their debts and start anew. But some types of debt are so strong that they even… Read More »

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