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How Bankruptcy Affects Child Support Bankruptcy relieves overwhelming debts, but it has limitations, especially regarding child support. This post explains how filing for bankruptcy impacts child support obligations. Bankruptcy and Child Support Bankruptcy and family...
Everyone needs transportation for daily activities like shopping, running errands, commuting to work, or visiting family. Keeping your car safe during bankruptcy is crucial for many. Whether you can retain your vehicle through bankruptcy filing in Florida depends on...
Bankruptcy Options in Florida: Which One is Right for You? Navigating bankruptcy can be overwhelming, but understanding your options can make it easier. In Florida, you can file for different types of bankruptcy based on your financial situation. Here's a simple...
Determining your eligibility for Chapter 7 bankruptcy hinges on meeting specific criteria. One essential requirement is passing the "means test," which ensures your income is low enough to qualify for debt discharge. If you've previously filed for bankruptcy, you must...
A sudden loss of income due to wage garnishment can be a severe blow to a household. Creditors have the legal right to seize up to 25% of your earnings. Even if you work for the state or its agencies, the creditor still has the right to garnish their wages. However,...
Bankruptcy marks a significant event on your credit report. Here's a breakdown of how long bankruptcy stays on your report and steps to rebuild your credit afterward: Duration of Bankruptcy on Credit Report: Chapter 7 Bankruptcy: 10 years. Chapter 13 Bankruptcy: 7...
In my years of consulting with clients considering bankruptcy, I've encountered numerous questions that arise repeatedly in consultations. As individuals grapple with filing for bankruptcy, they often seek clarity on various aspects of the process to make informed...
Are you considering Chapter 7 bankruptcy but need to know if you qualify? If so, it is important to understand eligibility criteria so that you can make an informed decision on how to proceed. Chapter 7 Eligibility: Meeting the Qualifications & the Means Test...
In Chapter 7 bankruptcy, the assets you can keep are "exempt" property. Each state can choose between the Federal List of Exemptions or its own set. Florida has its own exemption laws. To qualify for Florida exemptions, you need to have been a continuous resident of...
Filing for bankruptcy is a significant step towards financial relief, but choosing the right path that aligns with your circumstances and needs is crucial. Let’s dive into the various bankruptcy chapters and their implications, shedding light on the complexities you...