Why You Should Not be Afraid to File for Bankruptcy

  If you are interested in filing for Chapter 7 or Chapter 13 bankruptcy, it is common to feel scared about what lies ahead. The fears and uncertainties that people have about the process, however, are often unfounded. Soon after filing for bankruptcy, many people discover that the process is not as bad as they […]

Wage Garnishment and Bankruptcy

  By the time many people decide to file for bankruptcy, their creditors have begun to attempt to obtain repayment on outstanding debts. In some cases, these debts are so large that the debtors are not able to continue making payments, which results in creditors seeking legal action. One of the most common ways that […]

Discharging Tax Debt in Chapter 7 Bankruptcy

  For individuals who are facing financial difficulties, Chapter 7 bankruptcy is often the best option to remove debt and obtain a second chance at a strong credit score. Chapter 7 is frequently chosen by individuals who have a large amount of debt and little income to pay it off. Unfortunately, there are some types […]

Bankruptcy and Wage Garnishment

An overwhelming number of individuals live from paycheck to paycheck. If you are one of these people, any disruption in your wages can place you in a dire financial situation. To make matters worse, if you are facing a wage garnishment, it is possible that creditors can take as much as a quarter or more […]

Filing Bankruptcy Due to Medical Bills

  The constantly increasing price of medical care in the United States has created a substantial challenge for many families. As a result, statistics suggest that a large number of individual decide to file bankruptcy due to medical bills. Many families discover that bankruptcy can be a particularly helpful thing in these situations. The bankruptcy […]

Top Four Chapter 13 Bankruptcy Mistakes

Chapter 13 bankruptcy relief offers filers a unique opportunity to receive protection from debt collection actions while allowing them to repay creditors an amount that the filer can afford. The second most commonly filed bankruptcy chapter, this financial reorganization gives an individual up to five years to pay creditors. A good option for those who […]

Top Three Benefits of Filing for Bankruptcy Relief

Over the last three decades, approximately one in 10 adults in the United States filed for bankruptcy relief. Even though filers often feel as though filing for bankruptcy is a sign that they have failed to manage their money properly, the reality is that most filers are hardworking individuals who have recently suffered a significant […]

Jacksonville Chapter 12 Bankruptcy Lawyer

The American family farmer is at the center of this country’s history and self-image. The independent farmer was the core element of Thomas Jefferson’s vision of democracy. He believed that independence of judgement was a by-product of the self-reliance that farmers exemplified. That vision is still an important part of America’s identity. Just ask any […]

“Surrender” Under Bankruptcy

Bankruptcy and foreclosure are in some ways very different.  The former involves primarily federal law, seeks to assist the debtor, and involves all of a debtors assets and liabilities.  Foreclosure in contrast involves primarily state law, seeks to assist the creditor in securing the rights to the collateral property, and involves only the debtors home.  […]

Bankruptcy Fraud and Reform

Bankruptcy Reforms Criticized by Experts During a panel but on by the American Bankruptcy Institute, the 2005 overhaul of bankruptcy laws was sharply criticized by one of the panelists, an attorney that represents debtors in bankruptcy.  The 2005 overhaul was designed to help decrease abuse of the system by debtors and increase the relief unsecured […]