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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

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

Your Debt in Bankruptcy: Secured and Unsecured

2017-01-20T00:06:02-05:00

Bankruptcy generally involves two types of debt - secured and unsecured. Let's start with secured debt. Debt that is secured generally means that you pledge an asset to assure the payment of the loan. The most common examples are car loans and mortgage loans. If you don't pay your car loan, the lender will repossess the car. If you don't pay your mortgage loan, the lender will foreclose and take the property back. There are other types [...]

Your Debt in Bankruptcy: Secured and Unsecured2017-01-20T00:06:02-05:00

Motion For Relief From Stay In Florida Bankruptcy Cases

2017-01-20T00:06:04-05:00

The motion for relief from stay in bankruptcy - it even sounds scary. And it can be. When you file for bankruptcy, you are protected by the "automatic stay". This prohibits creditors from taking any action to collect debts or from taking property which may be secured by the creditor's loan. A motion for relief from stay (MFRS) is the creditor's request to the court to get permission to continue its collection of the debt. [...]

Motion For Relief From Stay In Florida Bankruptcy Cases2017-01-20T00:06:04-05:00

5 Ways To Handle Underwater Mortgages In Orlando

2013-12-19T12:45:55-05:00

CNBC issued a report in May 2010 on the U.S. Cities With The Most Underwater Mortgages. Not surprisingly, Florida appeared on the list more than once. Orlando ranked #2 in the nation for the highest percentage of underwater mortgages – about 75%. Only 1 in 4 households with mortgages in Orlando have at least $1.00 in equity, and that might be disappearing fast. So what can you do if you fall into the “wrong” percentage? [...]

5 Ways To Handle Underwater Mortgages In Orlando2013-12-19T12:45:55-05:00

Florida Foreclosure Process And Bankruptcy

2017-01-20T00:06:04-05:00

The Florida foreclosure process has a very standard timeline that you need to understand if you're looking to keep your home. First, let's look at how filing for bankruptcy in Florida may affect the foreclosure process. If you are interested in saving your home from foreclosure, filing for bankruptcy may be a good way to do it. A Chapter 7 or Chapter 13 bankruptcy can be filed seconds before your foreclosure auction is scheduled to [...]

Florida Foreclosure Process And Bankruptcy2017-01-20T00:06:04-05:00

Florida Chapter 13 Bankruptcy Mortgage Modification Program

2013-12-19T12:43:41-05:00

Chapter 13 bankruptcy filers in Florida have yet another way to press for mortgage modification. If you filed for Chapter 13 bankruptcy in Florida you may qualify if you: want to keep your home; cannot afford current mortgage payments; and can afford to pay 31% of net income to a modified mortgage. This new Mortgage Modification Mediation program gives you and your mortgage lender an opportunity to discuss whether modifying your mortgage loan is feasible. [...]

Florida Chapter 13 Bankruptcy Mortgage Modification Program2013-12-19T12:43:41-05:00

Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents?

2017-01-20T00:06:04-05:00

Is Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents? Florida consumers have been watching the late-night television commercials and getting suckered into debt consolidation. With wild promises to repay all of your bills at one low monthly fee, people who live near me in Orlando, Daytona beach, Ormond Beach, Palm Coast, and Port Orange have been calling asking me why I think debt consolidation is bad for Florida residents. The answer is simple, but [...]

Chapter 13 Bankruptcy Better Than Debt Consolidation For Florida Residents?2017-01-20T00:06:04-05:00