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Tag Archives: Bankruptcy Protection

Does Chapter 7 Bankruptcy Stop the Bank From Taking My House?

By Julia Kefalinos |

Many Florida homeowners are faced with an “underwater” mortgage—that is, the value of their property is less than what they owe to their lender. If you have an underwater mortgage and file for Chapter 7 bankruptcy protection, an underwater mortgage can protect your house from being sold as part of a liquidation proceeding. But… 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 »

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