Can a debtor file for bankruptcy more than once?
Filing a bankruptcy case gives you a fresh start to recover after a financial crisis without the burden of debts you cannot pay hanging over your head. By filing a Chapter 7 or Chapter 13 bankruptcy case, you can get out of debt, protect retirement savings, and keep your property.
When Can Student Loans Be Discharged In Bankruptcy?
Student loan debt has skyrocketed past credit card debt in the United States. Mortgage debt is the only debt category with a higher amount owed compared to student loan debt.
Three Debts That You Cannot Discharge in a Florida Bankruptcy!
When a debtor files for bankruptcy relief, the “end game” is to get out of debt. Most unsecured debts are eligible for a discharge in Chapter 7 and Chapter 13 bankruptcy discharge. But there are several debts that one cannot discharge in bankruptcy including: alimony or spousal support; child support; most debts owed to government […]
Top Bankruptcy Questions and Misconceptions!
Honestly, no one wants to file for bankruptcy. Deciding it’s something you must do is incredibly painful, humbling, and embarrassing. Often the hardest part is committing to retaining a bankruptcy attorney and to the recovery or financial healing process. From what I have seen, the most common causes of financial hardship are the loss of […]
Should I File a Chapter 13 Bankruptcy Case or a Chapter 7 Bankruptcy Case?
As a Bankruptcy Lawyer in St. Augustine and Orange Park Florida, I realize deciding whether to file a Chapter 7 or a Chapter 13 case can be confusing to most clients. Firstly, you will want to schedule a conference with your bankruptcy lawyer to discuss in great detail your financial situation and the assets you […]
Older debtors filing is the recent trend in bankruptcy?
A recent trend is that older debtors are beginning to file bankruptcy with more frequency. The rate is more than double what it was in the early 1990s. The rate of debtors over the age of 65 filings for bankruptcy increased over 200% from 1991 to the present. The cause of this increase is the […]