• 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…

  • TAMPA BANKRUPTCY COURT LEADS ALL DIVISIONS IN MIDDLE DISTRICT OF FLORIDA IN FILINGS

    TAMPA BANKRUPTCY COURT LEADS ALL DIVISIONS IN MIDDLE DISTRICT OF FLORIDA IN FILINGS

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    The Tampa Bankruptcy Court consistently leads all other divisions in the Middle District of Florida in bankruptcy filings. There are four divisions that comprise the Middle District of Florida. These four divisions include Tampa, Jacksonville, Orlando and Fort Myers. For the months of January to September of the calendar year 2021, 5,227 cases were filed…

  • 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…

  • 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…

  • RECENT EXECUTIVE ORDERS REGARDING STUDENT LOANS

    RECENT EXECUTIVE ORDERS REGARDING STUDENT LOANS

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    President Biden has signed numerous executive orders recently related to student loan forgiveness. The Borrower Defense to Repayment Program, according to a recent article published in Forbes, will allow forgiveness to certain student loan recipients who were defrauded by the colleges or institutions in which they enrolled. This program was enacted by executive order in…

  • 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…

  • Steps For Life After Bankruptcy Discharge

    Steps For Life After Bankruptcy Discharge

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    After you have found yourself to be on the successful side of a bankruptcy case in Florida, you are likely to be mighty relieved. This is the first good news you must have heard after struggling financially for a long time. Many people are surprised to find out that what they envisaged to be a…