Preferential Transfer When you file for bankruptcy, the bankruptcy court determines the order of payments. This is true for both Chapter 7 and Chapter 13 bankruptcy. Some debts have high priority. You pay them, in full or in part, after liquidating your assets or through your payment plan. Other debts are low-priority. You pay them […]
Credit Cards and Bankruptcy One of the most common questions bankruptcy attorneys hear from clients is whether or not they can keep any of their credit cards when they file. It’s not a surprising question. After years of relying on credit cards as a security net or for the occasional splurge, the idea of giving […]
Credit card debt is common in American marriages, and also fairly common is one spouse hiding credit card debt from the other. When one person’s spending habits are drastically different than that of the other, or spending is related to behavior a person wants to hide from his or her spouse, such as an affair […]
If you are dealing with financial problems it is important you be aware of and to understand the meaning of your credit score. Your credit score is one of the most important factors affecting your financial health. Once you understand how your credit score is created and used, you can take the steps necessary to […]
The problem encountered by many people with financial issues is recognizing the point at which to take action. Obviously, if your financial problems are minor, you can “tighten the belt” a bit until things improve. However, there comes a point at which no more belt tightening is possible. Things are spiraling out of control and […]
A large number of college students around the country and in Florida rely on student loans to pay for their education. Some of those student loans come from private lenders, which can be more expensive than federal student loans. Not being able to repay private student loans has led many graduates to file for bankruptcy. […]
Florida consumers may be surprised to learn that in the last year, the three credit bureaus have starting adding payment histories to credit reports. They are doing so in an effort to give lenders a better picture of a consumer’s credit card debt. For now, this information is not affecting a person’s credit score, but […]
A lot of the young people nationwide and in Florida that were teenagers when the housing market and economy collapsed may now be either in college or graduating from college. Research shows that these young people may be better at dealing with credit card debt than their parents. There are different schools of thought as […]
There have been many news stories of late indicating that the economy is beginning to recover, but not everyone is feeling it. Many people are still struggling to pay off the credit card debt they incurred during the recession. When jobs were scarce or medical bills were piling up, many in Florida turned to their […]
For the first time in nearly five years, consumers seem to be spending more. The amount of credit card debt being accumulated by consumer around the country and in Florida has risen by an estimated 0.6 percent. This may not seem like much, but it could have implications as to the state of the economy. […]
![How To File for Bankruptcy [Infographic]](https://www.attorneyfortampabay.com/wp-content/uploads/2020/07/bankruptcy-steps-infographic-web.jpg)
