Category Archives: Bankruptcy
Can I Have Holiday Debt Discharged in a New Year Bankruptcy?
The holiday season might be a festive time for families and friends, but it is also a costly time of the year. According to a recent CNBC report, about 28 percent of credit card users are still making payments on holiday debt from 2023 while planning to take on additional debt this holiday season…. Read More »
Should I Consider Chapter 13 Bankruptcy If I Am Eligible for Chapter 7?
Many debtors who are considering a bankruptcy filing in St. Petersburg or elsewhere in Florida often wonder which type of bankruptcy they should “choose” to file, but there is not usually a choice for most debtors. Generally speaking, under the US Bankruptcy Code, a debtor can only be eligible for Chapter 7 bankruptcy if… Read More »
Do I Need to Pass the Means Test to File for Bankruptcy?
Are you currently considering a personal bankruptcy filing in Florida? If so, you might have started to read about bankruptcy options in order to understand your eligibility for filing different types of bankruptcy, and the benefits and limitations to each type of consumer bankruptcy. Generally speaking, individuals in the St. Petersburg area will typically… Read More »
Your Student Loans Could Be Discharged in Bankruptcy
Did you know that you could be eligible to have your student loans discharged if you file for personal bankruptcy? Until relatively recently, the process for having student loans discharged in consumer bankruptcy cases was extremely complicated, and many debtors did not even attempt to seek a discharge. However, in late 2022, the US… Read More »
How to Prepare to File for Chapter 13 Bankruptcy in Florida
Filing for any type of bankruptcy can be complicated, but there are some additional complications in Chapter 13 bankruptcies that it is important for consumers to consider as they are getting ready to file. In addition to a recent change in the law that reduces the debt ceiling for a Chapter 13 filing, there… Read More »
Planning for Chapter 13 Bankruptcy in 2024 and Beyond
If you have been considering a Chapter 13 bankruptcy filing but you are near the current debt limit, it is critical to seek advice from a bankruptcy lawyer in St. Petersburg as soon as possible because the expanded debt limit will soon revert unless Congress acts. As you might be aware, the passage of… Read More »
Protecting Your Assets in a Chapter 7 Bankruptcy
There are a wide range of myths and misconceptions about how Chapter 7 bankruptcy works, and many people who are struggling with debt try to avoid filing for bankruptcy because they have heard that they will have to give up all of their property if they want to file and have debts discharged. It… Read More »
If I Own a Sole Proprietorship, Can I File for Personal Bankruptcy?
When you are struggling with personal debt and run your own small business, there is a good chance that your business is also struggling. This is especially true for sole proprietors in the St. Petersburg area who are trying to run a successful business while managing what can seem like insurmountable debt. For many… Read More »
What is a 341 Meeting of Creditors in a Bankruptcy Case?
Anyone who is considering or is planning to file for Chapter 7 or Chapter 13 bankruptcy should learn more about the steps of the bankruptcy process that they should expect. Generally speaking, the steps in your individual bankruptcy process will depend upon whether you file for Chapter 7 or Chapter 13 bankruptcy, as well… Read More »
What Are Exceptions to Discharge in Bankruptcy?
Are you considering filing for bankruptcy in Florida? If so, one of the first steps you should take is to determine whether your debts are eligible for discharge — especially if you are seeking a fresh start by filing for Chapter 7 bankruptcy. To be clear, many consumer debts can be discharged according to… Read More »
