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Should you file bankruptcy or divorce first?

2017-01-20T00:06:00-05:00

In better times, divorce was about splitting the assets.  I will give my colleague Bill Balena credit for the following regarding bankruptcy and divorce: Divorce is not about splitting assets anymore, it is about splitting debt. I don't see clients arguing over who gets to keep the house, or the car, because there isn't any equity in either anymore (unlike during the real estate boom) or when incomes were higher and everyone owned their cars outright. [...]

Should you file bankruptcy or divorce first?2017-01-20T00:06:00-05:00

Qualifying for Chapter 7 in Orlando, Daytona Beach, Ormond Beach, or Palm Coast

2017-01-20T00:06:00-05:00

Families in Orlando, Daytona Beach, Ormond Beach, and Palm Coast will find it more difficult to qualify for Chapter 7 bankruptcy on November 1, 2011. The State Median Family Income by Family Size for bankruptcy gets updated from time to time. In the past, for the most part, the numbers would go up. But lately, the numbers have been decreasing. In Florida, they income numbers are as follows: Household of 1 = $41,334 Household of 2 = [...]

Qualifying for Chapter 7 in Orlando, Daytona Beach, Ormond Beach, or Palm Coast2017-01-20T00:06:00-05:00

Credit Card Lawsuits, Debt Settlement, and Other Updates

2017-01-20T00:06:01-05:00

I have blogged in the past regarding credit card debt lawsuits and debt settlement.  A recent article in the Sun Sentinel shows that credit card companies and debt buyers are trying harder to collect. Small claims courts in Broward and Palm Beach counties are reporting a spike in the number of cases against debtors, who typically owe between $2,000 to $4,000. Some judges say they are handling more than 25 such cases a week, compared [...]

Credit Card Lawsuits, Debt Settlement, and Other Updates2017-01-20T00:06:01-05:00