Chapter 7 bankruptcy is an option of last resort for most people. This is partially because of the consequences of bankruptcy and partially because most people have negative opinions about the process and results. Bankruptcy is a process that is supposed to help people in financial distress recover when more traditional options aren’t available. But […]
Category Archives: Chapter 7 Bankruptcy
Florida Bankruptcy Income Limits for Chapter 7 Bankruptcy
Anyone can file for bankruptcy — even if they have a high income. However, there are two kinds of bankruptcy for individuals: Chapter 7 is for those with a limited income, and Chapter 13 has no income limit. Determining whether you qualify for Chapter 7 bankruptcy can be confusing, as you need to see whether […]
How Often Can You File Bankruptcy?
If you’ve filed for bankruptcy in the past, you know the powerful financial relief it can provide. When you find that your bills are once more too much to keep up with, you might be wondering if filing a second time is an option and how soon you can file. However, bankruptcy refiling rules depend […]
Unemployment and Filing Bankruptcy
If you’ve recently lost your job and the bills are piling up, you might begin to wonder, “Can you file bankruptcy while unemployed?” The good news is you’re allowed to file for bankruptcy while you’re unemployed. However, before doing so, it’s important to consider whether it’s the best way out of your current financial situation. […]
Can I Keep My Savings in Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a way for individuals to regain some financial traction and get their affairs back in order. Because Chapter 7 may involve the liquidation of a petitioner’s assets, petitioners often wonder which assets they are permitted to hold on to, such as cash in a savings account. The answer is that Florida […]
Effectively Managing Child Support in Florida and Chapter 7 Bankruptcy
Managing your finances can be challenging when you become overwhelmed with debt. No one tells you about this trap when offering easy financing and low-interest rates. For many consumers, Chapter 7 bankruptcy offers a fresh start, with 239,125 filings this year. Your child support is one of the sticking points when discharging your debt and […]
Is Florida Student Loan Consolidation the Right Move?
Student loans make it possible for millions of people to attend college every year. By the time it’s all said and done, Florida residents may have several loans with various interest rates to pay back. This is an expensive proposition for the majority of borrowers. I often help clients deal with their federal student loans […]
Who Is Dyck O’Neal and Why Is He Suing Me?
Dyck O’Neal Lawsuits in Orlando, FL I was at the courthouse the other day looking at lawsuits filed in Orange County in State Court. I only looked at lawsuits filed during May 2014. There were over 100 lawsuits filed by Dyck O’Neal Inc against various defendants. Again, this is Orange County alone. It does not include other […]