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

Posted on : December 7, 2019
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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
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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
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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 …

How Does Bankruptcy Affect Retirement Accounts in Florida?

Posted on : August 1, 2019
retirement-accounts
Are you considering filing for bankruptcy in Florida? If you have retirement accounts, it’s important to understand how to file in such a way that most, if not all, of your retirement funds are protected from liquidation by the bankruptcy court. Here’s what you need to know.  Which Type of Bankruptcy is Best for People …

What Types of Debt Aren’t Dischargeable in Bankruptcy?

Posted on : June 2, 2019
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A Chapter 7 bankruptcy allows you to discharge some debts by liquidating your non-exempt assets, using the funds to pay down as much debt as you can, and the rest is erased. This can be a helpful first step in regaining your financial freedom, however, not all debts are dischargeable. It’s important to understand what …