Should You File for Bankruptcy or Divorce First?

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Many people who are getting divorced near Clearwater cite it as the main reason why they’re also filing bankruptcy. A little planning can make both of these things less complicated and more cost-effective, too. There are certain factors you should consider when determining the best time for filing bankruptcy – things such as where you live, how much property you own, how much debt you have, and what type of bankruptcy you’re trying to file for. Filing Bankruptcy Together (a.k.a., a Joint Petition)You, and possibly Read More +

Why DIY Bankruptcy is A Bad Idea

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Bankruptcy is a complex legal process that has a lot of laws and procedures that may feel overwhelming if you aren’t properly trained to deal with them. Nevertheless, some people are still choosing to file for bankruptcy without help from a lawyer. This is known as “pro se” or DIY bankruptcy. While a DIY bankruptcy may appear to be a great option (especially if you want to save money by not paying for a bankruptcy attorney in Tampa), you need to understand the risk you’re Read More +

A Short History of Bankruptcy

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The etymology of the term “bankruptcy” is commonly believed to derive from a combination of two Latin words: “bancus” (table or bench) and “ruptus” (broken). The theory suggests that a public banker, upon failing to meet financial obligations, would have his bench—where transactions took place—broken as a symbol of his inability to negotiate and fiscal failure. This practice was widespread in Medieval Italy, leading many to attribute the term “bankrupt” to the Italian phrase “banco rotto,” translating to “broken bank.” Alternatively, some attribute the origin Read More +

Tips to Help with Early Retirement

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Everyone’s definition of retirement is unique, and there is no one definition that’s correct. However, the one thing that everyone can agree on is that the first step toward being able to retire early is debt management. Clarify your early retirement goals. There’s no single retirement strategy that works for everyone. This is why it’s crucial to determine what your vision of retirement is. You might be able to change your spending and saving habits by understanding how your current financial situation relates to your Read More +

How to Deal with Bankruptcy

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Experiencing bankruptcy is typically a substantial financial hurdle, profoundly impacting the lives of those who go through it. You and your family may be going through this difficult experience and trying to find coping strategies and ways to make it more manageable. While there are often things that could have prevented bankruptcy, this is not always the case, and there are various external factors that often come into play. Whatever the circumstances, dealing with bankruptcy and its challenges can be difficult, and there are various Read More +

Should You Hire A Bankruptcy Attorney or Complete Debt Consolidation?

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It can be very difficult and time-consuming to resolve your financial situation. Many believe that debt consolidation is the way to go, but for others, it makes sense to hire a bankruptcy attorney. So how do you know if you should pursue debt consolidation or hire a bankruptcy attorney? Let us be the first to say that there are many pros and cons to each one. Here we will take a deeper look into which decision may be best for you. Consolidating debt includes applying Read More +

Advice Negotiating with Credit Card Companies From A Bankruptcy Attorney

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Did you know that the average credit card balance in the U.S. is over $5,000? It’s no wonder why many individuals seek advice from a bankruptcy attorney to help them manage their finances. If you’re in a similar situation, negotiating with your charge card company is one way to get ahead. It’s important to know that continuous use of charge cards can easily spiral out of control. Before you know it, you may struggle to afford credit card payments or end up using your card Read More +

Strategies to Manage Financial Stress

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In today’s world, money is important, and many people in Clearwater and beyond are stressed about their finances. In fact, around the world, money and financial resources are some of the common reasons for high-stress levels. It can often feel like an unhealthy bank account naturally creates other health problems, such as anxiety, depression, and unmanageable stress. If you’re worried about money and want to find new ways to manage your financial stress, here are some of the strategies to consider. Create a Plan You Read More +

Will My Employer Find Out If I File for Bankruptcy?

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Understandably, there are some things from your personal life that you don’t want to talk to your employer about (e.g., money, religion, politics). However, there may come a time when you need to file for bankruptcy. When this happens, you may wonder whether your employer will know. The short answer to this question is that more than likely, the fact that you’re filing for bankruptcy will remain a private matter. Of course, every bankruptcy is a public record. It’s quite rare to have a situation Read More +

Step-by-step How to File for Bankruptcy

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The U.S. Bankruptcy Code is a federal statute governing filing bankruptcy. This is done to ensure that the process is similar in the nation’s 90 federal bankruptcy courts. However, local variations and the uniqueness of each case still make this only a general outline which is why you should really hire a bankruptcy attorney. Nevertheless, here’s an outline of the process steps. Choose Which Type of Bankruptcy to File For There are a few different types of bankruptcy that you can apply for, each of Read More +