• What You Should Know About Bankruptcy And Your Credit

    What You Should Know About Bankruptcy And Your Credit

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    Unfortunately, 2021 hasn’t been a good year for many people financially. The tough economy has led to furloughs and layoffs, leaving people in a disastrous financial position. Even if you’re lucky enough to have been able to return to work, you may find that you’re still faced with a reduction in pay or hours. When…

  • LEGAL VERSUS EQUITABLE INTERESTS IN BANKRUPTCY

    LEGAL VERSUS EQUITABLE INTERESTS IN BANKRUPTCY

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    When one files bankruptcy, a bankruptcy estate is created. The bankruptcy estate consists of all legal or equitable interests the debtor possesses in any property, at the time of the filing of the bankruptcy petition [See USC 541(a)(1)]. In bankruptcy, one may have a legal interest in property, or an equitable interest in property. A…

  • 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…

  • Factors That Impact Your Bankruptcy Case

    Factors That Impact Your Bankruptcy Case

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    Are you struggling to pay your bills? Do you find that you have fallen so far behind that you think you’ll never catch up? Maybe you’re drowning in a mountain of debt. While you may be struggling to keep your head above water financially, it doesn’t have to be this way. There are solutions available…

  • TERMS OF BANKRUPTCY BILL ADDRESSING STUDENT LOANS

    TERMS OF BANKRUPTCY BILL ADDRESSING STUDENT LOANS

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    A bill, currently in Committee before the Senate may permit many debtors encumbered with student loan debt to achieve a discharge of such debts through the process of bankruptcy.  Currently, the primary avenue for the discharge of student loans in bankruptcy is through establishing such debts constitute an undue hardship. The bill, titled the “Fostering…

  • How Bankruptcy May Affect Your Job Prospects

    How Bankruptcy May Affect Your Job Prospects

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    While bankruptcy is invaluable in that it offers you the opportunity to start over financially there are also some consequences that accompany it. One of the most important things you need to consider here is how your job opportunities, both now and in the future, will be affected. Can I be fired for filing for…

  • DISCHARGE OF STUDENT LOANS IN BANKRUPTCY PROPOSAL IN NEW BILL BEFORE CONGRESS

    DISCHARGE OF STUDENT LOANS IN BANKRUPTCY PROPOSAL IN NEW BILL BEFORE CONGRESS

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    A new bill being presented to Congress will permit the discharge of student loans in bankruptcy provided certain conditions are met. The bill, sponsored by Senator Richard Durbin and Senator John Cornyn, is titled the Fresh Start In Bankruptcy Act. Under the current bankruptcy laws, it is quite difficult to discharge a student loan in…

  • TAMPA BANKRUPTCY ATTORNEY ON 100% CHAPTER 13 BANKRUPTCY PLANS

    TAMPA BANKRUPTCY ATTORNEY ON 100% CHAPTER 13 BANKRUPTCY PLANS

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    In the practice of bankruptcy law, attorneys will sometimes refer to a 100% Chapter 13 Bankruptcy Plan. This generally means that the debtor or the bankruptcy filer must pay 100% of the full balances owed to his or her unsecured creditors. Most bankruptcy filers who are in a 100% plan are paying such unsecured creditors…

  • What You Need To Know About Buying A Home After Bankruptcy

    What You Need To Know About Buying A Home After Bankruptcy

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    Even though we’re still in the midst of a pandemic, most people have at least one friend or family member who’s bought a home within the past year. In fact, the first few months of 2021 have reflected rapid growth when it comes to buying homes. This has been supercharged by the real estate market’s…

  • Why You Should Consider Bankruptcy For Your Medical Debt

    Why You Should Consider Bankruptcy For Your Medical Debt

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    Unfortunately, there are millions of Americans who are struggling to pay their bills today because they’ve accumulated too much medical debt unexpectedly. Nobody can prevent major health issues from happening or predict when they will occur. When they do arise you simply need to figure out a way to get the treatment you need, even…

  • HOW TO CONFIRM A CHAPTER 13 BANKRUPTCY TEMPLATE

    HOW TO CONFIRM A CHAPTER 13 BANKRUPTCY TEMPLATE

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    AFTER THE 341 MEETING OF CREDITORS IS COMPLETED, THE CHAPTER 13 TRUSTEE WILL ISSUE EITHER A FAVORABLE OR UNFAVORABLE RECOMMENDATION IN THE DEBTOR(S) CASE. IF THE DEBTOR RECEIVES A FAVORABLE RECOMMENDATION THEN THERE IS NO ACTION REQUIRED AS RELATES TO THE CHAPTER 13 TRUSTEE. IF THE DEBTOR RECEIVES AN UNFAVORABLE RECOMMENDATION THEN REVIEW SUCH RECOMMENDATION…

  • Contemplating Small Business Bankruptcy In Tampa, FL

    Contemplating Small Business Bankruptcy In Tampa, FL

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    For a long period, there was just a single small business bankruptcy alternative available and that was chapter 7 liquidation. If these small businesses were keen on operations they had to file for their chapter 11 protections that had numerous paperwork necessities. Luckily congress stepped up to this plate and in 2019 passed Small Business…