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Blog Posts - Bankruptcy

Common Bankruptcy Myths Debunked

For those with a lot of debt, bankruptcy may be a good option. Bankruptcy can help eliminate debt and give you a fresh start. However, it’s not as easy as that. Bankruptcy can be a complex process. There is also a lot of misinformation about bankruptcy. Those who are against...

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Does Filing for Bankruptcy Affect Your Job?

Nobody wants to file for bankruptcy. It is often done as a last resort because it is often seen as a negative mark on your record. People who know you filed for bankruptcy will undoubtedly gossip about you or, at the very least, think differently about you. Even though more...

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What is a Credit Counseling Course?

Bankruptcy is not an easy process. It can be quick, but it does not happen overnight. There are requirements involved, and one of them is a credit counseling course. You may wonder what exactly this entails and what the purpose of it is. Credit counseling must be taken before you...

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How Do I Know if I Should File for Bankruptcy?

A lot of us struggle with finances and have thousands of dollars in debt. You keep thinking you will get ahead soon. Maybe you will get a raise. Perhaps you will get a large tax refund. But then something else happens. Your car dies and needs a major repair. Your...

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What Are The Alternatives for Filing Bankruptcy?

Those who are overwhelmed by debt need to understand their options. Many continue to drown in debt because they are scared of bankruptcy. While many people choose bankruptcy as an option for debt relief, it comes with consequences. While bankruptcy is often seen as a fresh start, it can ruin...

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What Bankruptcy Type is Right for Me?

Financial problems are not easy to resolve. If you have gotten behind on credit card payments, getting back on track can be a challenge. This is especially true if you have suffered from job loss or are dealing with a huge expense, such as medical bills or car repairs. Struggling...

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What Are Florida Probate Rules?

When a person dies, then their estate will likely go through probate, unless they had a trust. Probate is a court-supervised process for identifying a deceased person’s assets, distributing these assets to beneficiaries, and paying debts. Probate is necessary even if a person has a will. It is required to...

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What are the Rules for Probate in Florida?

When a loved one dies, you may be tasked with handling their estate. Unless their assets are in a trust, you will have to go through the probate process. An estate is required to go through the probate process if there was no will and all the assets were only...

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Do I Have to Give Up All of My Assets in Bankruptcy?

In considering bankruptcy, the fear of losing all assets often holds people back from making this often-beneficial decision. For the court to reduce or eliminate debt, they will need to examine your assets and determine what you can keep and what you’ll have to give up. If you’re thinking about...

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Essential Insights from a Bankruptcy Attorney

No one really likes the idea of filing for bankruptcy, but it could help (and has helped) many people resolve their financial issues and get out of debt. However, even for people who are ready to file for bankruptcy, figuring out whether bankruptcy is the best course of action can...

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What Type of Bankruptcy Chapter Should I File?

The decision to file for bankruptcy and what chapter you should file will depend on your specific financial situation. Chapter 7 is best for people who have inadequate earnings to pay some of their debts and want to retain non-exempt property. But if they have property or some income and...

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Local Bankruptcy Laws in FL

Bankruptcy is an available process to seek financial and legal relief set out by the United States Bankruptcy Code at the federal level. While local bankruptcy laws in Florida primarily fall under the jurisdiction of the federal bankruptcy courts, there are some specific provisions and exemptions that are unique to...

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Why Do I Need a Bankruptcy Attorney?

Filing for bankruptcy gives people a chance to get their financial health in shape. However, since bankruptcy involves complex laws and legal proceedings, navigating the entire process alone can be extremely challenging for the average person. While the law allows people to file for bankruptcy without legal assistance, it is...

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Can I Keep Credit Cards While I File for Bankruptcy?

Many people resort to bankruptcy when their financial struggles become overwhelming. Filing for bankruptcy will freeze your credit file, which means you can’t apply for new credit until your case has concluded. This is why people planning on filing for bankruptcy prefer to keep their credit cards. However, once a...

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How Will Bankruptcy Affect My Credit?

Bankruptcy can help a great deal if you are struggling with your finances. Bankruptcy laws provide debtors with much-needed relief from their debts and give them a fresh start. However, this fresh start comes at a price, which is usually a significant hit to the debtor’s credit. On the other...

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How Bankruptcy Lawyers in Florida Can Help You

Filing for bankruptcy is an excellent way to relieve yourself of overwhelming debt. However, the entire bankruptcy process, from assessing your property to accurately disclosing your assets, dealing with creditors, and filing the right paperwork can be immensely daunting. That is where Florida bankruptcy lawyers come in. If you have...

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When to Seek Bankruptcy Help in South Florida

For many people, filing for bankruptcy is usually the most practical option to get their financial health back in shape. However, because bankruptcy cases involve complex legal issues, it can be daunting to navigate the entire process alone. While people can file for bankruptcy without legal representation, a report by...

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Can Bankruptcy Affect My Credit Score?

Bankruptcy can help you get a much better handle on your finances, get out from under crushing debt, and obtain a new financial lease on life, but it can also negatively affect your credit score. The benefits that bankruptcy can afford in a difficult financial situation, however, can far outweigh...

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What Are Common Questions about Chapter 13 Bankruptcy?

Bankruptcy is a complicated but important legal matter that can afford you the opportunity to crawl out from under crushing debt and move forward toward a fresh financial start. Chapter 13 bankruptcy refers to a supervised payment plan in which you don’t have to liquidate your assets but instead secure...

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What Are Common Questions About Chapter 11 Bankruptcy?

In general, bankruptcy is a legal tool allowing individual, married, or business debtors to get out from under certain debts. However, there are many myths about bankruptcy, and the topic brings up many questions. Here, our skilled bankruptcy attorney, Brian McMahon, answers some of the most common questions about Chapter...

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Filing for Bankruptcy in FL

While you may have other debt-relief options available to you to fix your financial health, filing for bankruptcy in FL is the most practical option for a lot of people who are having difficulties supporting themselves. In Florida, the most common options for bankruptcy are chapter 7 and chapter 13....

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Creditors Approach to the COVID Crisis FAQ

(COVID Crisis) – Policies are changing every day, please contact us to discuss solutions that may suit you Can I skip my rent payment during COVID crisis: This will be up to your landlord. Often times, the landlord has to continue to pay the mortgage. So, the landlord will still...

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How to Select a Bankruptcy Lawyer

It’s a helpless feeling. But each day, hundreds of people throughout West Palm Beach file for bankruptcy as a last resort to pay off their debts. Whether you’re planning to file Chapter 7 or Chapter 13 bankruptcy, the process can be complex. Unless you’re an expert in bankruptcy law, tackling...

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What Bankruptcy is Right for Me?

For most Americans, there are two applicable chapters in bankruptcy, chapter 7 and chapter 13. The determination of filing either a chapter 7 or chapter 13 is made first, by the consumer’s needs and second, by the amount of assets or amount of income. The “new” bankruptcy laws created a...

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