Should seniors file for bankruptcy? Maybe. It all depends on their specific financial circumstances. Bankruptcy can be a great solution for older people dealing with debt, but it’s not right for everyone. Working with a bankruptcy attorney helps you make informed decisions about your situation. What are three things seniors should understand before filing for […]
Tampa Bankruptcy Law Blog
Debtor Rights
It’s no surprise that people are skeptical of how bankruptcy can help their financial situation. Many have heard stories about how filing for bankruptcy caused problems for years for people they know. In some cases, working with a reputable bankruptcy law firm would have avoided the problems. But in reality, bankruptcy isn’t right for everyone. […]
The primary benefit of bankruptcy is the discharge. Filing for Chapter 7 bankruptcy results in the elimination of your legal obligation to repay any or all of your debts. Of all of the bankruptcy law basics, it’s the most beneficial long-term and the reason why so many people file. How Does the Bankruptcy Discharge Work? […]
One of the major concerns people have when filing for bankruptcy is whether or not they will lose their assets. Florida bankruptcy law helps you protect your assets, but understanding how those laws apply to your situation can be confusing. Working with an experienced bankruptcy attorney helps you take advantage of the “secret” bankruptcy laws […]
If you’re an honest person, the idea of being accused of fraud might seem ridiculous to you. But if you’re an honest person filing for bankruptcy, accusations of fraud are a legitimate risk. The bankruptcy court has little tolerance for mistakes, even when they are honest ones. A Florida bankruptcy attorney can work with you […]
Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good news is you don’t need to lose your car when you file for bankruptcy. What assets can you keep through the bankruptcy process and how do you go about keeping them? Here’s what you should […]
Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in bankruptcy? Is your savings account at risk and do you need to worry about the trustee taking money out of your bank accounts when you file? Here’s what you need to know. In general, you’ll […]
How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for bankruptcy destroys your credit forever. This is a myth. Bankruptcy affects your credit, but the initial impact doesn’t last forever. The damage bankruptcy causes is your “credit rock bottom” and from there you build upward. […]
How do you deal with errors on your credit report after bankruptcy? In a perfect world, you could ignore your credit report and everything would be correct. As long as you paid your bills on time and did what you’re supposed to do, you’d never need to worry about problems with your credit or being […]
Bankruptcy can be a blessing, but it’s also a complicated process. Bankruptcy attorney help means you’ll understand the complexities of the laws governing the process that can help you get a fresh financial start. If you want as much assurance as possible that your bankruptcy will go as planned, the guidance and support of an […]