• TAMPA BANKRUPTCY COURT DECISION RELATING TO TAX REFUNDS

    TAMPA BANKRUPTCY COURT DECISION RELATING TO TAX REFUNDS

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    A Bankruptcy Judge in Tampa delivered an important decision regarding tax refunds in Bankruptcy. On July 20, 2022, Bankruptcy Judge CJ Delano rendered a decision regarding whether a debtor may retain a portion of a tax refund received in the amount of $5,500. The debtor claimed $3,750 of such refund as exempt. The debtor’s argument…

  • 5 Tips When Preparing To File for Bankruptcy

    5 Tips When Preparing To File for Bankruptcy

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    Filing bankruptcy could be one of the biggest financial decisions you ever take. It can have significant implications for your finances and your personal life over the next few years and beyond. Therefore, it’s important to consider what is involved with filing bankruptcy and what you can do in order to prepare better for this…

  • DOES DISMISSAL OF A BANKRUPTCY DISMISS ANY ADVERSARY PROCEEDINGS?

    DOES DISMISSAL OF A BANKRUPTCY DISMISS ANY ADVERSARY PROCEEDINGS?

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    If a debtor files Bankruptcy, whether a Chapter 7 or Chapter 13 Bankruptcy, does an adversary proceeding filed against the debtor, subsequently result in the dismissal of the adversary proceeding? Some debtors who file a consumer form of bankruptcy, such as a Chapter 7 or Chapter 13, may expectantly or unexpectantly find themselves a defendant…

  • TREATMENT OF CHILD SUPPORT ARREARS OWED TO BANKRUPTCY DEBTOR

    TREATMENT OF CHILD SUPPORT ARREARS OWED TO BANKRUPTCY DEBTOR

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    How may the Bankruptcy Court treat child support arrears owed to a Debtor who files Bankruptcy? In such an instance, the Debtor or the Bankruptcy Attorney, on behalf of the Debtor, may engage in an analysis of two important concepts in Bankruptcy. The first question is whether child support or child support arrears are even…

  • In Which Courthouse Should I File Bankruptcy?

    In Which Courthouse Should I File Bankruptcy?

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    Under Title 28, Section 1408, cases under Title 11, are filed in the District Court for the District in which the person or entity filing Bankruptcy has for the prior one hundred eighty (180) days or the longer portion of the prior one hundred eighty (180) days, maintained either one’s domicile, residence, principal place of…

  • What You Need To Know About The Foreclosure Process

    What You Need To Know About The Foreclosure Process

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    There are many financial responsibilities involved in owning a home. If you find yourself in a position where you can’t make the mortgage payments anymore, you face the risk of foreclosure. Fortunately, this is a process that you can halt anytime if you take the proper actions. Understanding How the Process Works You’ve received a…

  • Relationship With Credit Card Companies After Bankruptcy

    Relationship With Credit Card Companies After Bankruptcy

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    One of the common myths circulating about bankruptcies is that after you have filed for bankruptcy, it will not be possible to use the services of credit card companies again. But keep in mind that there are thousands of credit card users out there, that filed for bankruptcy. Yet they are getting new offers. You…

  • Are You Responsible For A Family Member’s Credit Card Debt?

    Are You Responsible For A Family Member’s Credit Card Debt?

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    If you click on any of the advice columns related to family relationships, you will discover several queries about relationships that got strained due to money. Various members of a family put each other to shame talking about the financial decisions they did not approve of. Poorer relatives do not like the wealthy ones because…

  • Can I File For Bankruptcy If I Lose My Job?

    Can I File For Bankruptcy If I Lose My Job?

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    Many individuals in Florida found themselves unemployed once the epidemic hit. About 13.5% of the entire nation’s workforce, which equals out to be approximately 22 million people, were forced to file for unemployment benefits once the Coronavirus took its toll, according to the United States Department of Labor. With new strains of the virus popping…

  • Do Not Allow Debt Collectors And Bankruptcy Ruin Your Mental Health

    Do Not Allow Debt Collectors And Bankruptcy Ruin Your Mental Health

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    The number of professional economists that have plans to keep on working beyond their 70th birthdays is a lot higher than the overall percentage of workers planning the same thing. But it is stressful to think about money all the time no matter how well you adhere to the budget. Financial hardships can ruin your…

  • Comparing Credit Cards And Debit Cards

    Comparing Credit Cards And Debit Cards

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    Plastic money or cards be it credit or debit are among the most preferred modes of payment after cash. Over the last few years, there has been a substantial increase in the usage of both types of cards to pay for products and services. Although the debit card has no debt liability, credit card debt…

  • Sale Of Homestead And Other Assets In Bankruptcy

    Sale Of Homestead And Other Assets In Bankruptcy

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    Debtors in bankruptcy proceedings who desire to sell assets of significant value, whether those assets are considered exempt or not exempt, should obtain appropriate permission from the bankruptcy court before doing so. This advice includes the sale of the homestead in the State of Florida. If you contemplate the sale of homestead property, while in…