305.676.9545Tag Archives: Miami Bankruptcy Chapter 13
How Will Bankruptcy Affect My Credit Report?
A common question many people have about the bankruptcy process is the effect it will have on their credit report. The Bankruptcy Court itself has nothing to do with credit reports, which are maintained by private agencies. But federal law still governs how long these agencies can maintain a public record of your bankruptcy,… Read More »
What Happens If I Convert a Chapter 13 Bankruptcy to Chapter 7?
In a Chapter 13 bankruptcy, a debtor submits a payment plan to the court. This plan ensures the debtor’s disposable income is used to pay back his or creditors as much as possible. But what if circumstances change and the debtor no longer has sufficient income to fulfill the payment plan? In such cases… Read More »
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 »
Will I Go to Jail If I Don’t Pay My Creditors?
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 »
When Should I Consider Filing for Bankruptcy?
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 »
What To Do If You Can’t Pay Your Bills
The economy has improved since the start of the 2008 recession, but that does not mean it’s back to normal for everyone. As recent studies show, many South Floridians have still been left behind. A recent report shows that, although Florida’s wealthiest 1% saw a 40% increase, everyone else’s income dropped by 7%. Further,… Read More »
Almost 50% of Florida Families Near Bankruptcy Despite Employment
In the wake of the “Great Recession,” many Florida families still face financial difficulty. A recent report published by the United Way demonstrates how many more hardworking families are at risk of financial failure than you might expect. Although it can be difficult to face, filing for bankruptcy can have a positive long-term effect… Read More »
