If the recent economic downturn has put a big dent in your finances, you now may feel like you are drowning in debt. Maybe that rental property you bought three years ago has sat vacant during the last year, which is part of the reason you now are struggling. You may...
Over Three Decades Of Compassionate Legal Services For Individuals And Businesses Seeking Effective Financial Solutions
Chapter 13 Bankruptcy
Filing for bankruptcy can be an empowering act
Being in high amounts of debt can make you feel stressed, distraught and powerless, even if you continue to earn a high income. Financial stability is less concerned about the amount that you earn and more concerned about the health of your cash flow. Therefore, even...
Why filing for Chapter 13 is more beneficial than Chapter 7
So you finally bit the financial bullet and decided to file for bankruptcy. You may have initially intended to file for Chapter 7 and then learned that you likely wouldn't qualify. Congratulations. You have sufficient resources and earning power that while you are...
Why is Chapter 13 known as a ‘wage-earner’s’ bankruptcy?
When Tampa debtors filing for bankruptcy have significant assets or income, they are ineligible for filing under Chapter 7, which is a total liquidation. While that might sound like a good deal, it also means that any non-exempt assets can be sold off to pay your...
We help clients seeking alternatives to Chapter 7 bankruptcy
Have your bills eclipsed your paycheck by a few zeroes? Or maybe your business is going through a bad cycle -- or three. It's easy to get caught up in the cycle of paying overdraft and late fees until you are no longer even paying down the principal of your debt. We...
How do I know if it’s time to file for bankruptcy?
If you are struggling to pay your bills, your head may be swimming with potential solutions to your insolvency problem. It's a good idea to try to resolve your debt delinquencies. However, "solutions" can cost you money and offer very few real routes out of debt....
Should you try to negotiate your debts?
When you get behind on your bills, it can be a scary experience. Creditors blow up your phone with calls and your mailbox is stuffed with dunning letters seeking payment. You might also receive letters from companies offering to negotiate longer terms or a lower...
Did you get sucked into a scam? Find legal ways out of debt
Indebted consumers who are struggling with a mountain of debt are prime targets for con artists and scammers. The crooks realize that desperate people often are frantic to get out of their financial distress, and they exploit this vulnerability. One scam making its...
I failed the means test. What happens next?
Consumers often get uneasy when they fail the means test to file a Chapter 7 bankruptcy, but in actuality, it can be a positive thing rather than a negative indicator. For one, it means that you have a good income, as that can ease you through the Chapter 13...
Can you discharge your tax debt during bankruptcy?
Most people dread tax season. It’s the time of year where most adults have to collect every financial detail from the past year and see what they owe to the government. Some people are lucky enough to receive refunds, but it’s not always the case. Many times, the...