Talk Directly To A Lawyer Today 561-934-9582
What Is An Automatic Stay In Florida Bankruptcy? An automatic stay is a powerful legal tool that comes into effect the moment an individual files a petition for relief through bankruptcy. Its primary purpose is to provide a temporary halt to all collection efforts,...
The Rothstein Trustees vs. The QTask Baron: Round 8 South Florida Business Journal by Paul Brinkmann, Reporter Date: Tuesday, July 31, 2012, 2:53pm EDT In the long-running dispute between software entrepreneur Reichart Von Wolfsheild and the Scott Rothstein bankruptcy...
What Happens to Co-Signers When You File for Bankruptcy? Filing for bankruptcy can offer relief if you are dealing with overwhelming debt. It can provide you with an opportunity to start afresh. However, if you have co-signers, you should keep in mind that your decision to file for bankruptcy could affect them. Co-signers who agree to take responsibility for a…
Can Bankruptcy Be Reversed? Bankruptcy is a legal process designed to help people and businesses dealing with overwhelming debt. Bankruptcy can help debtors re-arrange or eliminate their debts. Once bankruptcy is filed, it might seem like the process cannot be reversed. However, under certain circumstances, bankruptcy can be reversed or dismissed. Whether a bankruptcy case can be reversed depends on…
How Much Debt Should You Have Before Filing Bankruptcy? Bankruptcy is a powerful tool for people dealing with debt. Bankruptcy can offer relief from debt and allow people to start over financially. However, the decision to file for bankruptcy should not be taken lightly. Despite its benefits, bankruptcy is not always the right option. Understanding whether bankruptcy is right for…
Can I File for Bankruptcy if I am Employed? Filing for bankruptcy allows people struggling with overwhelming debt to eliminate or restructure their debts. If you are struggling with overwhelming debt and are considering filing for bankruptcy, one question you may be asking yourself is, “Can I file for bankruptcy if I am employed?” Simply put, yes, employed people can…
Documents Needed To File For Chapter 7 Bankruptcy Chapter 7 bankruptcy relieves individuals, partnerships, corporations or other businesses struggling with overwhelming debt. However, Chapter 7 bankruptcy is popular among individuals. Unlike Chapter 13 and Chapter 11 bankruptcies, Chapter 7 bankruptcy does not involve a repayment plan. Instead, the bankruptcy trustee sells the debtor’s nonexempt property and uses the money to…
Is It Bad to File for Bankruptcy at a Young Age? There is a common misconception that only middle-aged and older adults file for bankruptcy. Indeed, many middle-aged and older adults file for bankruptcy. However, even young adults also file for bankruptcy. High credit card debt and student debt are just two factors contributing to young people declaring bankruptcy. Filing…
Understanding Florida Bankruptcy Exemptions Bankruptcy exemptions are legal provisions that allow filers to keep certain property during bankruptcy. Exempt property cannot be sold off or liquidated to pay off creditors. Exemptions can protect things like a debtor’s home, car, household goods, wages, and retirement accounts, among others. In the United States of America, the federal bankruptcy law allows every state…
Debunking Common Myths About Chapter 11 Bankruptcy When businesses face financial difficulties, an option that can offer a path to recovery is Chapter 11 bankruptcy. Over the years, Chapter 11 bankruptcy has grown popular among businesses struggling with overwhelming debt. According to statistics released by the Administrative Office of the United States Court, in 2023, annual Chapter 11 bankruptcy filings…