What is the Difference Between Chapter 13 and Chapter 7 Bankruptcy?

Posted on : February 23, 2020
Florida-Bankruptcy
The Most Common Bankruptcies The majority of bankruptcies filed across the United States are either Chapter 7 or Chapter 13. Which one is right for you depends on your individual financial situation as well as your goals. Chapter 7 Bankruptcy Chapter 7 is a liquidation bankruptcy that is designed to eliminate all unsecured debt like …

Will Filing a Chapter 13 Bankruptcy Let Me Keep My Car?

Posted on : January 12, 2020
florida-bankruptcy-filings
What Happens To My Car? One of the first questions that individuals considering filing for bankruptcy is if they’ll get to keep their vehicle. In most cases, yes. Courts consider a vehicle a necessary asset to get to and from work, the grocery store, medical appointments, and other critical business. However, there are some nuances …

What Property Do I Get to Keep When I File Bankruptcy in Florida?

Posted on : December 7, 2019
florida-bankruptcy
Contrary to popular belief, people who file for bankruptcy don’t lose all of their possessions. Many assets are considered exempt, especially if you require them to live or work. Here’s a quick synopsis on what property you may get to keep when you file for bankruptcy and how to get help protecting your assets when …

What Disqualifies Someone from Filing a Chapter 7 Bankruptcy?

Posted on : October 7, 2019
orlando-chapter-7
The most common disqualification from filing a Chapter 7 bankruptcy in Florida is failing the means test. If you don’t pass the means test, this usually indicates that you have the ability to pay back your debt over time and do not need any debt to be discharged. However, there are other reasons someone might …

What Is the Difference Between Bankruptcy and Credit Counseling?

Posted on : September 3, 2019
Orlando-Credit-Counseling
Faced with a mountain of debt? You’ve likely heard of terms like “bankruptcy,” and “credit counseling,” but what are they? How are bankruptcy and credit counseling different, and how can tell which is the best fit for you? Here’s what you should know about getting out of debt and who can help. What Is Credit …