561.291.6062 Call Today for a Free Consultation

Bankruptcy Blog

Bankruptcy Blog

  • My Car Was Repossessed After I Filed Bankruptcy-What Do I Do?

    || 18-Jul-2014

    Has your car been repossessed after you filed for bankruptcy? If so, you may be in shock and wondering if there is anything you can do to get your vehicle back. In this type of situation, we advise you take immediate action to contact our firm and speak with Attorney Alan J. Fisher about your situation. We are well-versed on bankruptcy laws and understand, in no uncertain terms, the protection a ...
    Continue Reading
  • Homestead Exemption for Boca Raton Bankruptcy

    || 5-Jul-2014

    There are countless myths and rumors about bankruptcy, each more capable than the next of deterring deserving individuals from considering bankruptcy as a valuable debt-relief option. One of the worst is the idea that an individual will lose his or her home if bankruptcy is filed. This is not true. There are bankruptcy options which can be used as very effective foreclosure defenses. Our state ...
    Continue Reading
  • Who is the Bankruptcy Trustee?

    || 22-May-2014

    As a debtor who is considering bankruptcy, you may be interested in finding out more about the bankruptcy trustee and what role he or she will play in the administration of your case. In most Chapter 7 and Chapter 13 bankruptcy proceedings, the U.S. Trustee will appoint an impartial party to act as a local bankruptcy trustee and the administrator of your case. Bankruptcy trustees are assigned the ...
    Continue Reading
  • If I Settle My Debts, Will My Credit Score Be Affected?

    || 16-May-2014

    Being weighed down by debt can be an extremely frustrating and difficult situation for any individual. If you have a significant amount of debt and are considering debt settlement as a way to obtain debt relief, you are probably wondering how your credit score will be affected. An individual's credit score is affected by a wide variety of factors. Late payments, delinquencies, wage ...
    Continue Reading
  • Quiznos Files for Bankruptcy Protection

    || 27-Mar-2014

    According to recent reports from the media it looks as if Quiznos, the national sandwich chain best known for its toasted subs, has officially filed for Chapter 11 bankruptcy protection. In documents filed with the U.S. Bankruptcy Court on March 14, 2014, the company stated it had in excess of $500 million dollars in unpaid debt and it was hoping to eliminate close to $400 million of their debt ...
    Continue Reading
  • Student Loans May Soon Be Eligible for Discharge in Bankruptcy

    || 21-Mar-2014

    Students in our country currently owe in excess of $1.2 trillion dollars in student loans. Many students, who have taken out loans for the purpose of funding their college education, have found themselves in the unfortunate position of being unable to find work after college and maintain the income necessary to pay back their loans. Rather than being able to thrive as a result of attaining a ...
    Continue Reading
  • Can I Get Out of Overdue Taxes by Filing for Bankruptcy?

    || 13-Mar-2014

    There are only some tax debts that can be discharged when you file Chapter 7. The taxes that could be eligible for discharge are only income taxes – overdue payroll taxes cannot be discharged. Discharging tax debt has a number of requirements that must be met. These requirements include that the debt must be at least 3 years old, and a return must have been filed at least 2 years before you ...
    Continue Reading
  • Is it Possible to Recover Financially After a Bankruptcy?

    || 5-Mar-2014

    Filing for bankruptcy protection will have an impact on your credit, and the bankruptcy will remain on your credit report for up to 10 years. What many people don't understand is that when a lender makes a decision about a loan, whether for a car, a mortgage or other purchase, although the bankruptcy could impact the decision, what is most important is how you have managed your finances AFTER ...
    Continue Reading
  • Not all people in financial trouble will qualify for Chapter 7, or will be best served by filing this form of bankruptcy protection. In 2005, the federal bankruptcy laws were amended, with added requirements for filing Chapter 7. The idea was to make it impossible for those with significant assets to have access to the significant benefits of debt relief achieved by Chapter 7 bankruptcy. Most ...
    Continue Reading
  • There are many reasons an individual may find him- or herself buried under a large volume of debt, unable to keep up with financial obligations and lacking the income necessary to regain control of his or her finances. Divorce is one of the most common reasons people end up struggling to stay financially afloat. Individuals who are ordered to pay alimony or child support payments as part of a ...
    Continue Reading
  • What Should I Do if I Am Receiving Calls from Creditors at Work?

    || 21-Feb-2014

    If you are receiving phone calls at work from creditors who are attempting to collect on a past due debt, you may be wondering if there is anything you can do to get them to stop. Hiring legal representation from a skilled Boca Raton bankruptcy attorney, who is committed to helping you protect your rights, will significantly improve your chances of putting an end to creditor harassment. The ...
    Continue Reading
  • Will a Short Sale Damage my Credit?

    || 13-Feb-2014

    A short sale is one of the options a homeowner may want to consider if he or she is in the unfortunate situation of having fallen behind on mortgage payments to the point where the bank is threatening foreclosure. A short sale will not save your home, but it could help you cut your losses if you have an underwater mortgage or you have been unable to find a lender who is willing to help you ...
    Continue Reading
  • One of the concerns many people have about filing for bankruptcy is how long it will take for their credit to be restored. While each bankruptcy case is different, most people will begin to notice an improvement in their credit within about 6 months from the date of discharge. The most significant increase will generally come once the bankruptcy has been removed from your credit report, which will ...
    Continue Reading
  • There are many situations or circumstances in which an individual may be unable to fulfill financial obligations. A bad investment, a medical emergency, a divorce, the loss of a job, an economic crash or overextending your credit are all reasons you may find yourself falling behind on payments and unable to catch up on past due or delinquent debts. If you are unable to keep up with the 1st or 2nd ...
    Continue Reading
  • One of the benefits of filing for bankruptcy is that you may be able to retain certain assets and property considered exempt under state or federal law. Exemptions can have a significant impact on the level of debt relief you will be able to attain in both Chapter 7 and Chapter 13 bankruptcy filings. Although you will not be able to use federal exemptions when filing for bankruptcy in our state, ...
    Continue Reading
  • In January 2013 Casey Anthony filed for bankruptcy, claiming that she had close to $800,000 in debt with only about $1,000 in assets. Anthony filed for bankruptcy less than 2 years after she was acquitted of murder charges in the highly-publicized trial involving the death of her 2-year-old daughter, Caylee. At the time Anthony filed for bankruptcy protection, there were several pending lawsuits, ...
    Continue Reading
  • How to Stop Wage Garnishment

    || 6-Aug-2013

    A wage garnishment is an order or judgment issued by the court and then sent directly to your employer, forcing the employer to withhold a set amount from your regular paycheck. Once your employer receives the order, he or she required by law to withhold funds prior to issuing your paycheck. Those funds are then sent directly to your creditors to pay down your debt. These types of orders are ...
    Continue Reading
  • How to Stop Wage Garnishment

    || 23-Jul-2013

    A wage garnishment is an order or judgment issued by the court and then sent directly to your employer, forcing the employer to withhold a set amount from your regular paycheck. Once your employer receives the order, he or she required by law to withhold funds prior to issuing your paycheck. Those funds are then sent directly to your creditors to pay down your debt. These types of orders are ...
    Continue Reading
  • Dischargeable Debts Under Chapter 7 Bankruptcy

    || 8-May-2013

    Many people are curious as to how much Chapter 7 bankruptcy can really help their financial standing. With so many negative bankruptcy myths, there are countless individuals who stray away from bankruptcy simply because they are scared of the ramifications. It is important to realize that nearly all of your debts can be discharged under Chapter 7. The only exceptions fall under the categories of ...
    Continue Reading
  • What will happen to my home if I file bankruptcy?

    || 2-May-2013

    According to the Florida Constitution Article 10 §4 and the Florida Statutes Annotated §22.01-§22.05, when filing for bankruptcy you can keep your home under very generous homestead exemptions. The only property that may not be exempt would be home on over a ½ acre of land or over 160 acres of land for homes not in the city. Mobile homes and condominiums also apply under this ...
    Continue Reading
  • What You Didn't Know About Chapter 7 Bankruptcy

    || 4-Apr-2013

    If you are considering a Chapter 7 bankruptcy, then there are some things that you need to know. A Chapter 7 bankruptcy is ideal for a person who doesn't have very many assets which would be lost in the liquidation process. For example, if you do not have many possessions and you don't have any valuable that you would be devastated to lose, then a Chapter 7 bankruptcy might be the perfect ...
    Continue Reading
  • Can Bankruptcy Help Prevent Foreclosure?

    || 5-Dec-2012

    Most people take pride in working hard to ensure they have sufficient income to pay their bills, pay their mortgage, and still be able to pay for necessities such as food, clothing and more. Unfortunately we cannot always predict situations and circumstances that may arise in life. If you or a loved one has found yourself facing foreclosure, and you are wondering how you can stop the process from ...
    Continue Reading
  • Signs You May Be Heading For Bankruptcy

    || 4-Dec-2012

    Finances are one of the most difficult areas of life for people to control and, in turn, finances and money are one of the most volatile subjects to discuss. It is important to know that in many cases people are simply not informed on how to properly prepare a budget, allocate their money, ensure their income outweighs their debts, avoid financial pitfalls and more. However, even those that are ...
    Continue Reading
  • Bankruptcy Statistics for the Southern District of Florida

    || 30-Nov-2012

    According to a report from the U.S. Courts, there were a total of 36,847 bankruptcies filed in the Southern District of Florida during 2011. This number is down from the 40,909 bankruptcies that were filed in the same district in 2010. The report further shows that 27,214 of the 2011 filings were Chapter 7 bankruptcies, 9,281 were Chapter 13 bankruptcies and the remainder were Chapter 11 and ...
    Continue Reading
  • Digital Domain Bankruptcy Could Mean Trouble For One Florida City

    || 17-Oct-2012

    Back in December 2010, the city of West Palm Beach had high hopes for its future when it opted to give a 2.4 acre piece of land to Digital Domain, a digital production company co-founded by director James Cameron. The downtown property was part of a lucrative deal to bring the Digital Domain Institute, a Florida State University collaboration, to West Palm Beach. In the agreement between the city ...
    Continue Reading