Will A Personal Swimming Pool Loan Be Included in Bankruptcy?

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A bankruptcy lawyer will tell you that individual advances from acquaintances, family members, a bank, or a credit union are liabilities that may be dismissed in insolvency. A dismissal excuses the person borrowing funds from the legitimate responsibility to repay previous liabilities. Some instances of liabilities that may be dismissed include swimming pool loans, charge cards, doctor bills, past due utility bills, returned checks, and court of law costs that aren’t thought to be deceitful. There are 19 types of debt that may not be Read More +

Mortgages, Bankruptcy, and Foreclosure in Tampa

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If you are determined to prevent foreclosure on your home, you may decide that filing for bankruptcy is for you. Under both Chapter 7 and Chapter 13 bankruptcy, you are entitled to keep your primary home should you decide to file. Under Chapter 7, you may be required to liquidate your assets. With Chapter 13, you are required to repay a set amount to your bankruptcy trustee each month. If you decide Chapter 13 is the right way to file, you may also be able Read More +

Bankruptcy May Be Costlier Than You Think

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When you have a bankruptcy attorney file bankruptcy for you near Lakeland, you’ll be able to either discharge or restructure your debts so that you’ll have additional time to repay any debts that you owe. Not only will you still owe money, but filing for bankruptcy comes with a cost of its own. This cost depends on the type of bankruptcy you file and whether you decide to hire a bankruptcy attorney (which is something you should do). There are also long-term costs to be Read More +

7 Essential Tips for A Brighter Financial Future

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Are you feeling overwhelmed and stressed about your finances? It’s completely understandable, as managing money can be a daunting task. However, it’s important to remember that you’re not alone in this struggle. According to a 2020 study conducted by Capital One, a staggering 77% of participants reported feeling anxious about their financial situation. The good news is that there are a variety of resources available to help you manage your finances effectively. By taking a proactive approach to your financial situation, you can reduce your Read More +

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 +