Many people think they can go to jail (debtor’s prison) for not paying their debts. This is not true. It is your right to ignore a lawsuit, if you want to – up to a certain point. I don’t think that is a very good strategy, but it is your right. If for whatever reason […]
Does the Bankruptcy Trustee Come to My Home?
No, the bankruptcy trustee, in either chapter 7 or chapter 13, does not come to your home. Pretty quick answer, right? In over a thousand Florida bankruptcy filings to my name, only 1 client has had a bankruptcy trustee’s representative appear at the debtor’s home for an inspection. This was due to a misunderstanding at […]
Chapter 13 Bankruptcy and Your Car Payment
Florida Chapter 13 cases often come with questions about cars. Our clients frequently own or are financing an automobile, and are worried about losing their car when they file a Chapter 13 case. The good news is that when you file for Chapter 13 bankruptcy in Florida, there may be a way to get relief from […]
Chapter 13 Bankruptcy Plan Payments – How Much Should I Be Paying Each Month??
So you chose to file a chapter 13 payment plan? Also known as a chapter 13 plan of reorganization, or a budget plan. You most likely: make too much money to qualify for chapter 7, have un-exempt equity in an asset you wish to keep, are stripping your second mortgage, or you are behind on […]
Florida Mortgages And Bankruptcy – Chapter 13 And Your Second Mortgage
Florida Chapter 13 bankruptcy cases often involve people with two mortgages. Can Chapter 13 help alleviate the pain and stress? This is one of the most powerful tools in a Chapter 13 bankruptcy case. With the real estate boom, many Florida residents bought homes with two mortgages. Other people refinanced their homes in Florida and […]