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Did you know it's possible that when you die you may be leaving all of your outstanding debt to your children to pay? CNN has recently published an article describing all the different scenarios where ...     Read More »

Choosing a Bankruptcy Attorney Since chapter 13 bankruptcy lasts for three to five years, you must take great care in choosing a law firm to represent you because that law firm will be representing ...     Read More »

Short Sales can be good if you understand that you may have a tax liability after. If you short sale your property and the bank settles for lets say 100k and you owe 180k, they will 1099 you for the d ...     Read More »

We use a company to pull credit report is called CIN legal data services. The allow us to pull Credit Data from Experian, TransUnion, and Equifax in either a 2-Bureau or 3-Bureau Report. This data ...     Read More »

As a Jacksonville, Daytona, and Orlando Bankruptcy Attorney, I pride myself on remaining up-to-date on the statistics for bankruptcy and foreclosure filings.  CNNMoney.com, a branch of CNN.com and th ...     Read More »

Bankruptcy on the Daily Show with Jon Stewart As a Jacksonville, Daytona and Orlando bankruptcy attorney, I am always on the look-out for issues concerning bankruptcy and middle-class families that ...     Read More »

1.) Don't lie about assets. Anything in your name needs to be listed in your schedules. What's an asset? Everything you could sell or own according to the law. Potential lawsuits are even considered a ...     Read More »

Regaining Contol of your Credit When a person or couple file for bankruptcy their credit score is affected.  It’s not always Doom and Gloom. Generally, a person credit score is based on their ...     Read More »

Can I purchase a car after filing bankruptcy? Yes. Under chapter 7 bankruptcy clients have a better chance of being able to purchase a vehicle after they file than chapter 13 bankruptcy.  The chap ...     Read More »

Do I lose everything when I file bankruptcy? Generally not.  There are Federal and State exemptions that protect assets.  Depending on your situation you could lose things. However, if you have a ...     Read More »

CHAPTER 7 TRUSTEE? WHO ARE THEY AND WHAT IS THEIR PURPOSE? In short, a chapter 7 Trustee is a person appointed by the US Department of Justice to review the case and investigate the debtor and the ...     Read More »

Don't pay anyone to dispute your credit reports. Pull each report directly from the source and examine each entry. If you see things that are incorrect follow the companies dispute guidelines. If you ...     Read More »

General cost of filing may vary from state to state or city to city.  On average I have seen fees charged from $1,000.00 to $2,500.00 for a simple chapter 7 case.  More complex case can go a little ...     Read More »

What Makes the Means Test “Mean”? The most notable change of Bankruptcy Reform in 2005 and probably the most criticized was the inception of the Means Test. A Debtor can no longer fill out a si ...     Read More »

When a creditor gets a Judgment against you they are essentially getting what is called a Judicial Lien against property that is in your name. This judgment allows them to garnish your bank accounts, ...     Read More »

Not hiring an attorney will likely cost you more money than hiring one. to help with the filing of a bankruptcy. The time you will have to commit to the bankruptcy will also cost you time that could ...     Read More »

Helpful links for people who considering filing for Bankruptcy or who have already filed Federal Bankruptcy Court Middle District Of Florida http://www.flmb.uscourts.gov/ Filing Fees and Cour ...     Read More »

   In an article published April 10, 2012 by the Jacksonville Daily Record it’s reported that bankruptcy filings are on a decline. Is this decline because of a better job market, stabilizing ec ...     Read More »

How often can you file Bankruptcy? Chapter 7 –> Chapter 7 or Chapter 11? You can file chapter 7 or file a chapter 11 and get a discharge in a chapter 11 only after 8 years from the date of fi ...     Read More »

You may have to pay income taxes after Foreclosure takes place if you don't file Chapter 7 or Chapter 13 Bankruptcy before the foreclosure sale. Once a house is foreclosed the lender will likely cla ...     Read More »

Frequently Asked Bankruptcy Questions How will filing bankruptcy affect my credit? Generally we see clients with lower credit scores (450 – 550) increase 50 – 100 points after filing.  Clien ...     Read More »

Will bankruptcy stop a repo / repossession of a vehicle? Yes, chapter 7 or chapter 13 will stop a vehicle repo / repossession, immediately when filed.  Our office can file an emergence petition with ...     Read More »

The resent trend has been mortgage companies are just leading people on when they tell people "send me your income and expenses we can modify your mortgage payments."  The majority of clients that I ...     Read More »

What is a BuyBack?  A buyback is done in a chapter 7 case.  It's were the debtor makes an offer to purchase their unencumbered non-exempt assets back from the Chapter 7 Trustee. When you file chapt ...     Read More »

What are the Pitfalls of Chapter 7 Bankruptcy? Chapter 7 has some pitfalls. That is why you should always hire an attorney to guide you through the law. If you don’t then you may lose assets and m ...     Read More »

Stripping Second and Third Mortgages!!! Chapter 13 Bankruptcy will allow a Debtor to strip a subordinate mortgage if the value of the house is less than the superior mortgage.  This means subordinat ...     Read More »

In short, a chapter 7 Trustee is a person appointed by the US Department of Justice to review the case and investigate the debtor and the debtor’s assets.  One of their main jobs is to make sure th ...     Read More »

How long can I stay in my house after surrendering it in bankruptcy? It just depends on how far along the state court foreclosure proceeding is when you file. When a bankruptcy case is filed the fore ...     Read More »

Can I file bankruptcy without my husband / wife / spouse? Yes, an individual can file with out their spouse or their spouses permission. However, their income must be included to determine if the ind ...     Read More »

Will bankruptcy affect a co-signer / co-debtor? Yes and no. If a person files bankruptcy the co-signer / co-debtor is still liable for the debt. As long as the debt gets paid on time by someone the n ...     Read More »

Will bankruptcy stop a bank account garnishment? Yes, chapter 7 or chapter 13 will stop a bank account garnishment, immediately when filed.  Our office can file an emergence petition with the Federa ...     Read More »

Will bankruptcy stop a wage garnishment? Yes, chapter 7 or chapter 13 will stop a wage garnishment, immediately when filed.  Our office can file an emergence petition with the Federal Bankruptcy Cou ...     Read More »

Can I purchase a house after filing bankruptcy? Yes, but most mortgage companies will not lend money for at least 2 years after completing of a chapter 7 or chapter 13 bankruptcy and receiving a disch ...     Read More »

How will filing bankruptcy affect my credit? Generally we see clients with lower credit scores (450 – 550) increase 50 – 100 points after filing.  Clients with mid range scores (600) stay abou ...     Read More »