Leaving a Credit Card off A Bankruptcy Petition
Can I leave a credit card off my bankruptcy petition and keep it? First and foremost, you must list ALL your debts and ALL your assets on your bankruptcy petition no exceptions. If you however have a credit card that you have not used and it has had a zero
Median Income for Bankruptcy Debtors Rises
The Median Income for Bankruptcy Debtors Rises on March 15, 2011 The Census Bureau median family incomes by family size shows that the median incomes for Florida residents will increase on March 15, 2011, which means more Florida debtors may be eligible to qualify for Chapter 7 bankruptcies. The median
Chapter 13 Debt Limits: Unfair in Today’s Economy ?
In a Chapter 13 bankruptcy, the debtor may not have over certain amounts of secured and unsecured debts. Today, homes are so underwater there are huge potential unsecured deficiencies and small businesses are failing, which most business owners have personally guaranteed. If the majority of a debtor’s debts are business
Florida Supreme Court Decides Important Bankruptcy Question Concerning the Homestead Exemption
On February 3, 2011, the Florida Supreme Court issued its opinion in the Osborne v. Dumoulin case, which decided whether for the purpose of the statutory personal property exemption in section 222.25(4), a debtor in bankruptcy receives the benefits of Florida’s article X, section 4, constitutional homestead exemption where the
Should my Spouse and I File for Bankruptcy Protection Together?
That depends on how your debt is held. If you are married and both you and your spouse are jointly liable for your debts, then it is a good idea to file a joint bankruptcy. However, if only one of the spouses is liable for the debts then that spouse
Are your personal income tax debts dischargeable in a Chapter 7 bankruptcy?
If you’re filing in Florida, your personal income tax debts may be dischargeable in a Chapter 7 bankruptcy? Under Florida Bankruptcy law, income tax debts that meet these five rules should be dischargeable in a Chapter 7 bankruptcy: The tax debt must be related to a tax return that was
Switching Your Bank Account Prior to Filing Bankruptcy
Should you switch your bank account prior to filing bankruptcy in Florida if you owe the bank money? YES! If you are considering filing bankruptcy in West Palm Beach and you have a bank account with a bank that you also have a credit card, loan or other debt owing,
Debt Collections FAQ
Debt Collections FAQ What are the hours that a debt collector can call me? The Fair Debt Collection Act states that creditors may only call you at home between the hours of 8:00 a.m. and 9:00 p.m. your local time. Debt collectors are responsible for knowing the time in the
Recent Bankruptcy Trend: Determining Your Car’s Value for Applying Florida’s Bankruptcy Exemptions
Florida bankruptcy attorneys are noticing a recent trend in used vehicle values actually increasing in South Florida. Chapter 7 bankruptcy trustees in Broward County, Florida have been successful in selling used cars from debtors’ bankruptcy estates for 10-20% more than the Kelly Blue Book value. It is important to be
Steps: Filing for Chapter 13 Bankruptcy
You can file for bankruptcy in Florida in one of two ways, Chapter 13 or Chapter 7.Chapter 13 bankruptcy differs from a Chapter 7 in many ways. In a Chapter 13 the Debtors makes a repayment plan and presents it to the trustee. In this plan they outline what they
Want to schedule a free consultation, or have a question about filing bankruptcy? Contact us!