Debt negotiation firms exist to help those who struggle with debts, such as credit cards and car loans. Florida residents who are struggling with debt might be interested in reading about how these types of companies work before using their services. Debt negotiation companies help people settle their credit card debts by negotiating with creditors,…
Florida residents who are considering filing for bankruptcy and are thinking about transferring certain assets out of their estate before doing so may be interested in a 2016 decision of the U.S. Court of Appeals for the 9th Circuit. According to the Bankruptcy Code, a discharge could be denied for debtors who attempt to make…
Florida residents who have been victims of identity theft should make sure that they take the appropriate steps to correct the situation. While bankruptcy may be a useful financial and legal tool to use for certain financial problems, using it to fix the damage caused by identity thieves may not be the best choice. Identity…
Florida residents who are experiencing financial problems or just need some extra money often apply for a secured loan. This is a loan that is backed by an asset such as a car or a property title. If a debtor doesn’t make payments, the creditor has the right to seize the asset that was put…
When Florida consumers suddenly receive a letter or a phone call about a debt that they don’t know anything about, they could be facing a “zombie debt“. This term refers to an obligation that has lain dormant for years before being resurrected by a collections agency. It may or may not be legitimate. Sometimes a…
Many people in Florida face overwhelming levels of unsecured debt. For some individuals, using a debt management plan can be very helpful especially for Debtors that struggle with student loans. However, debtors may want to do some research before opting for such a plan over filing for Chapter 7 bankruptcy. Debt management plans are offered…
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…
