n the midst of financial turmoil, your options may seem hopelessly limited. Have you considered filing for bankruptcy? While this is by no means an ideal solution for everybody, bankruptcy can bring relief from a variety of unrelenting debts. Each person’s situation is different, but the following are among the main reasons why some struggling…
You’ve tried your best to deal with your debt situation, but bankruptcy is beginning to look inevitable. That being said, the prospect of filing for bankruptcy feels incredibly daunting; if you’re like many Florida residents, you are thoroughly intimidated by the myriad of paperwork necessary to complete the process. Thankfully, there is no need to go…
Bankruptcy and divorce in Florida are two of the most nerve-wracking experiences that an individual can experience. Sometimes, they occur separately, but often, one misfortune precedes (or even triggers) the other. Below, we offer a quick overview of both processes — and what you can expect if you decide to file: Bankruptcy If you’re struggling under the…
Debt is a huge problem for Florida residents; a recent report from Experian suggests that the state holds the second highest growth in credit card debt among everyday consumers. It’s not just credit card debt that plagues Floridians, however; residents also struggle under the burden of auto loans, personal loans, and medical debt. Bankruptcy can…
Bankruptcy protection is a useful legal alternative that you have available when faced with insurmountable debt. When used correctly, you can file for bankruptcy in Florida to either restructure or eliminate certain debt, giving you a fresh start. In fact, bankruptcy laws were written for this very reason, to allow people a second chance at…
Northwest Florida bankruptcy attorney If you are deep in debt and lack the finances to settle your bills, you are probably in the process of reviewing the options available for your debt relief. There are several options you can use in Panama City, Destin, and nearby cities to get out of debt and gain control…
If you file for Chapter 13 bankruptcy and owe money to a homeowner’s association or condo association assessments, you may be left wondering how your bankruptcy impacts an association’s ability to collect assessments post-bankruptcy. A 2016 bankruptcy case from the Southern District of Florida ought to shed light on the specifics of just such a situation…
A recent ruling in Florida bankruptcy court held that bankruptcy trustees may use the IRS’ 10-year-post-assessment recovery period in order to pursue assets via fraudulent transfers. This, in effect, serves to extend the length of an estate’s claims past the shorter duration allowed by Florida’s statute of limitations. The ruling is the first of its…
Failing to understand the importance of bankruptcy petition may cost you the right to appeal in state court. This is the takeaway lesson of the case of Hewett v. Wells Fargo Bank, N.A. as Trustee, No. 2D15–1074, 2016 WL 3065014 (Fla. 2d DCA June 1, 2016, which reminds Floridians of the need to work with a…
Following bankruptcy cases and legal developments is an important way to determine the outcome of future cases in Florida. In legal language, the term for previous court cases affecting future rulings is known as “precedent.” While courts are not required to use the reasoning of prior court cases to rule on the current case, courts…
