When someone files for bankruptcy, they may think they will literally lose everything to creditors. They have nightmares of wages garnished to the point where they will not be able to to put food on their plate. This is simply not accurate. In fact, in many cases, your personal bank...
Understanding Florida Law on Wage Garnishment
If you owe substantial amounts of money to a creditor, you may be facing a potential wage garnishment. Some people mistakenly believe that if their wages are garnished, they will be left with virtually nothing to sustain themselves financially. That is not the case. Wage Garnishment Defined The United States...
Exempt Assets and Bankruptcy in Florida
Many people mistakenly believe that once you declare bankruptcy, you are left with nothing. This is not true. In fact, Florida law categorically classifies a class of assets that are “exempt” from the effects of a Chapter 7 bankruptcy filing. Homestead Exemptions Pursuant to Article X, Section 4 of the...
Understanding Florida’s Bankruptcy Means Test
Deciding to file for bankruptcy is not as simply as filling out a few forms and going to the courthouse. In fact, there are a myriad of rules and regulations that must be met for a Chapter 7 bankruptcy to be officially recognized by a Florida court. For example, an...
Credit Counseling Requirement for Bankruptcy Cases
The decision to file for bankruptcy is a serious one, and the many requirements inherent in the bankruptcy process are meant to reflect that. They are also meant to ensure that those who file for bankruptcy understand the gravity of their decision to do so. One such obligation part of...
Treatment of Tax Refund for Those who Filed for Bankruptcy
Tax season is upon us, and, although it comes with some stress, it also comes with anticipation of receiving a tax refund. While many people may have plans regarding what they will do with their refund amounts, those individuals who are considering bankruptcy or who are currently in an active bankruptcy...
Casey Anthony Files for Bankruptcy
Casey Anthony is the Florida woman who was infamous in the news a few years ago for being charged with her toddler daughter’s murder. The case, which made headlines and was a prominently featured news story across the country, resulted in her acquittal of the murder charge in 2011. Now,...
Foreclosure Activity Continues to be a Problem for Florida Residents
The state of the American economy and the financial state of its citizens continues to be a topic that is ever present in the news. While media outlets seem to be reporting a gradual improvement in the U.S. economy, many individuals are still feeling the financial strain of the recession...