orange city

Home/Tag: orange city

Can I Go to Jail If I Don’t Pay My Debts?

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

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 you don’t want to fight a lawsuit against you, it can be ignored. But a judgment will likely be entered [...]

Can I Go to Jail If I Don’t Pay My Debts?2017-01-20T00:06:01-05:00

New Credit Bureau Policy May Help Repair Your Credit Score

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

A recent Fox 35 Orlando news story shows how Experian's new credit reporting policy can actually help improve one's credit score after losing a home to foreclosure. News that the Experian Credit Agency is the first to count rental histories when calculating one's credit score, is the first solid bit of hope she's had in awhile. The woman featured in the news piece lost her home to foreclosure, rented a similar house literally around the [...]

New Credit Bureau Policy May Help Repair Your Credit Score2017-01-20T00:06:01-05:00

Using Chapter 13 Bankruptcy to Modify Your Car Loan

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

Florida Chapter 13 cases often come with questions about car loans. My 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 car loans with high payments, high interest, or loan amounts that are greater than the value of the car. [...]

Using Chapter 13 Bankruptcy to Modify Your Car Loan2017-01-20T00:06:01-05:00

Does the Bankruptcy Trustee Come to My Home?

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

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 the meeting of creditors. The potential for a home visit is extremely rare and usually would be due to suspicion of [...]

Does the Bankruptcy Trustee Come to My Home?2017-01-20T00:06:01-05:00

Transferring Assets and Bankruptcy – Like Oil and Water, They Don’t Mix Well

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

Never, ever transfer an asset prior to filing bankruptcy - or definitely not before talking to me. Transferring the title to your Harley to your cousin Mike or your boat to your best friend Bob does not protect the asset from the trustee. Likely, you made it impossible for me to help you keep it. Sometimes it is referred to as a "fraudulent conveyance". This can me one of two things, or both. First, a debtor [...]

Transferring Assets and Bankruptcy – Like Oil and Water, They Don’t Mix Well2017-01-20T00:06:01-05:00

Driver’s License Suspension? Bankruptcy May Help!

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

Can you imagine life without a driver's license?  Maybe yours has already been suspended? Well, bankruptcy may be able to help you keep your driver's license, or help you get your driver's license back if it has already been suspended. The most common situation is when someone does not have insurance and gets into an accident. When that person is not able to pay the judgment, the insurance company for the other driver will usually [...]

Driver’s License Suspension? Bankruptcy May Help!2017-01-20T00:06:01-05:00

Chapter 13 Bankruptcy and Your Car Payment

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

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 car loans with high payments, high interest, or loan amounts that are greater than the value of the car. If [...]

Chapter 13 Bankruptcy and Your Car Payment2017-01-20T00:06:01-05:00

Bankruptcy Exemption Planning: What To Do or What Not To Do

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

I will be discussing some things to do and not to do before filing bankruptcy. Or, it can be considered exemption planning. First thing not to do before filing bankruptcy  - pay friends or relatives money that you owe them. This is called a preference. You cannot choose to pay your friends or relatives back money that is owed to them in preference to all of your other creditors. In the eyes of the bankruptcy [...]

Bankruptcy Exemption Planning: What To Do or What Not To Do2017-01-20T00:06:01-05:00