Monthly Archives: October 2019

Forever 21 Bankruptcy

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Corporate bankruptcy seems to be all over the new in the United States today. Some major companies to file for bankruptcy recently are Diesel, Payless ShoeSource, and the once might Marie Calendar’s food restaurant chain. One company that also joins this list is the budget clothing behemoth store, Forever 21. This may come as a shock to you, especially if you are a millennial who used to love shopping at these stores. Sales are down and the traffic in malls are not what they used Read More +

Medical Debts Are Forcing Bankruptcy

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The cost of medical services in America is at ridiculous levels. The current rates for medical care are extremely high and only seem to be increasing each and every year going into the future. It is estimated that over 500,000 Americans file for bankruptcy each year due to medical debts. Even President Obama mentioned in his 2009 State of the Union address, that a medical bankruptcy occurs approximately every 30 seconds in the United States. This is a staggering number and it seems that this Read More +

Treatment of Garnishments in Florida in and Outside of Bankruptcy

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Garnishment of property or wages for unpaid debts can make a difficult financial situation even harder. In Florida, the rules and procedures of garnishment are controlled by Florida Statute Chapter 77, as well as the federal Consumer Credit Protection Act at 15 U.S. Code § 1673 Specific rules for garnishment apply to special kinds of debts like back taxes, student loans, and domestic support obligations (child support and alimony). In Florida, anyone who sues to recover a debt or obtains a judgement against another party has Read More +