Many Florida residents who are in debt to others are not aware that there is a statute of limitations regarding their obligations. After a certain period of time, an unpaid debt that has not been reaffirmed by the debtor becomes uncollectible. If a debtor files for bankruptcy, the owner of time-barred debt may be able…
Setting up a financial plan for marriage is a great way to avoid divorce. When Florida couples are planning a wedding, they probably have no thought of ever getting a divorce. It is a fact, however, that divorce rates are rather high, especially for subsequent marriages. Talking about finances and debt in advance can make…
Based on the rulings of one bankruptcy court, Florida Chapter 13 bankruptcy debtors cannot make a change to their bankruptcy model plan without going through the formal modification process. The case, which was heard by a bankruptcy court in California, concerned five debtors who changed their model plans to permit them to get a discharge…
To a person with more credit card debt than they can pay, debt consolidation may seem like a way out. Combine debt into one monthly payment at a lower interest rate. Unfortunately, debt consolidation doesn’t solve the problem of too much debt. Instead, it leads to more debt over a longer period of time. What…
For years, it has been a common belief that it is beneficial to children for the mother to be the primary caregiver. However, Florida parents who are considering a divorce may want to know that the current trend in child custody matters is that children are more likely to benefit from joint custody. According to…
Florida residents who are interested in obtaining a bankruptcy discharge may want to know of a recent ruling in a spousal support case. A man who was ordered to pay his ex-wife’s attorney’s fees has lost his appeal of the court’s decision. The man had declared bankruptcy and objected to the order to make the…
Despite many believing that a Prenuptial Agreement is only for the wealthy, all individuals should consider getting one. Prenuptial agreements are like an insurance policy that protects both people if a marriage fails. There are several reasons couples in Florida might want to consider a prenup before getting married. A prenuptial agreement allows both people…
Florida parents who are facing a divorce in Florida might be concerned about college savings plans they have built up for their child. They might be concerned that if the other parent finds a new partner, they might try to use the money to pay for the education of the partner’s child or of a…
Assuming that a Florida homeowner who has filed for bankruptcy owes less on a mortgage than the home is worth, how long a wait is there after the bankruptcy has ended before a refinancing of the mortgage is possible? It partially depends on why the homeowner went bankrupt to begin with. In the event that…
If an individual receives payment for services after filing for Chapter 7 bankruptcy, it may still be property of the bankruptcy estate. Florida residents may be interested in the finding of a bankruptcy judge in Massachusetts in that regard. In the case that was decided on Aug. 17, an attorney received $10,000 from a client…
