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How Will Filing a Chapter 7 or 13 Bankruptcy Affect My Credit? Filing for bankruptcy can offer relief if you are struggling with overwhelming debt. Filing for bankruptcy can allow you to start afresh. If you are struggling to keep up with debt payments and are considering filing for either Chapter 7 or 13 bankruptcy, it is understandable if you…
Signs It Might Be Time To Start Considering Bankruptcy In an ideal world, individuals and businesses would not need to file for bankruptcy. However, we do not live in a perfect world, and life can be unpredictable. According to statistics, in the year ending December 2023, there were 452,990 annual bankruptcy filings. This is an increase from the number reported…
Breach of Contract Claims A contract is a lawfully binding agreement that creates obligations that can be enforced by law. Contracts are fundamental to commerce, governing a wide range of business relationships and transactions. Contracts outline rights, duties, and expectations between parties. When there is a contract, each party has the right to enforce it if another party fails to…
Navigating Bankruptcy: Understanding Chapter 7, Chapter 11, and Chapter 13 In the world of finance and law, bankruptcy can be a complex and intimidating subject. However, it’s often a necessary step for individuals and businesses facing overwhelming debt. Three common types of bankruptcy in the United States are Chapter 7, Chapter 11, and Chapter 13. Each serves different purposes and…
Debunking Some Common Bankruptcy Myths In the United States of America, individuals and businesses can pursue bankruptcy when they are unable to repay their debts. Bankruptcy aims to give debtors a fresh start while at the same time ensuring fair treatment for creditors. Depending on the type of bankruptcy filed, the debtor may liquidate their assets to repay creditors, propose…
South Florida’s residential building contracts spike through June South Florida Business Journal by Oscar Pedro Musibay, Reporter Date: Tuesday, July 31, 2012, 3:00pm EDT South Florida generated $423 million in construction contracts in June. Unfortunately, a sharp drop in production in the commercial sector pushed the overall total down 2 percent from a year ago. But when the entire year…
Consumer confidence rebounds in Florida in July By Donna Gehrke-White Sun Sentinel 1:21 PM EDT, July 31, 2012 Floridians defied some glum spirits elsewhere in the nation with their consumer confidence rebounding in July after plummeting a month earlier, according to a monthly University of Florida survey. Consumer confidence among Floridians increased in July by three points from the revised…
Report: South Florida Home Prices Rise in May BY PAUL OWERS July 31, 2012 09:30 AM South Florida home prices continue to gain momentum, according to a report released Tuesday. Prices in Palm Beach, Broward and Miami-Dade counties rose 1.4 percent in May from April and 3.4 percent from a year ago, figures from the Standard & Poor’s/Case-Shiller home price…
Tribune Creditors Appeal Bankruptcy Plan Approval Finance News Jonathan Stempel Reuters 3:49 p.m. EDT, July 24, 2012 (Reuters) – Bondholders have appealed a federal judge’s decision to approve Tribune Co’s bankruptcy reorganization plan, which would give ownership of the media company to its senior lenders. The appeals were filed with the U.S. Bankruptcy Court in Wilmington, Delaware, after U.S. Bankruptcy…