Tag Archives: Creditors
How Chapter 13 Bankruptcy Can Help You Keep Your Home
If you have fallen behind on your mortgage payments, filing for Chapter 13 bankruptcy may help you keep your home. When you file for bankruptcy, the court issues an automatic stay that immediately stops any pending foreclosure action. Chapter 13 then allows you to “reorganize” your debts and work out a payment plan with… Read More »
Can My Mortgage Lender Continue to Harass Me After Bankruptcy?
Bankruptcy is designed to provide a “fresh start” to Florida residents who are drowning in debt. After completing the Chapter 7 bankruptcy process, for example, the court typically issues a discharge that prevents a person’s creditors from taking any further efforts to collect an outstanding debt. But some creditors may ignore or otherwise attempt… Read More »
How an Automatic Stay Protects Debtors in Bankruptcy Cases
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 »
How Much Property Can I Keep If I File for Bankruptcy in Florida?
Many people worry that filing for bankruptcy will leave them with nothing. In fact, the purpose of bankruptcy is to protect people from losing everything. In a Chapter 7 bankruptcy case, for example, an individual debtor is entitled to keep a certain amount of property away from their creditors, both during and after the… Read More »