Many people contact an Orlando bankruptcy attorney because they have been recently hit with a civil court judgment. You often see news headlines about plaintiffs who win a multi-million dollar verdict against a defendant. But oftentimes, the defendant lacks the...
Keeping Your House in an Orlando Bankruptcy
If you are worried about losing your home, a Florida Constitution, a person’s entire “homestead” is exempt from “forced sale” or judgment, subject to certain size restrictions. If the homestead is located in a city, the exemption is limited to one-half acre, but...
A New President, A New Way of Thinking About Your Finances
As you may know, in a few days we will have a new person sworn in as President of the United States of America. This person is very familiar with bankruptcy law and has used those laws to benefit his businesses, and by extension himself, on several occasions over the...
The Impact of Social Media on Your Bankruptcy Case
The most important thing to remember if you plan to file for bankruptcy is don’t hide any assets. Even an honest mistake can delay or compromise your bankruptcy case. An experienced Orlando bankruptcy lawyer can help make sure you make all necessary disclosures to the...
What Property Do I Give Up in a Chapter 7 Bankruptcy?
In a Chapter 7 bankruptcy, a debtor’s assets must be turned over to a court-appointed trustee. Certain assets are exempt under Florida law, including up to $1,000 of equity in a motor vehicle and a $4,000 “wildcard” exemption that may be used for any property if the...
What are the major differences between Chapter 13 and Chapter 7 Bankruptcy?
It is not uncommon for people to consider bankruptcy a last resort. Instead of filing, they continue to battle against mounting debt and ultimately start sacrificing the timely payment of one bill to have the funds necessary to pay another. After reaching this stage...