Monthly Archives: December 2022
Will The Florida Homestead Exemption Protect My Home If I File For Chapter 7 Bankruptcy?
One of the biggest concerns that people have when thinking about filing for bankruptcy is what will happen to their house. Many people assume that bankruptcy automatically means losing their home to their creditors. But it is actually not that simple. Federal law permits each state to define certain property as “exempt” from being… Read More »
How Do Chapter 13 Repayment Plans Work?
One of the key differences between a Chapter 7 and Chapter 13 bankruptcy filing is that the latter requires the debtor to come up with–and follow–a repayment plan. In Chapter 7, a debtor’s nonexempt assets (if any) are liquidated and used to pay back creditors, with any remaining debts discharged by the court. This… Read More »
Did A Crypto Company Commit Bankruptcy Fraud?
For those who may be unaware, the crypto industry suffered a major fallout recently after one company defaulted on a loan provided by another company resulting in numerous bankruptcies across the industry. As a result, many who have invested in cryptocurrency have now had their assets frozen in their crypto accounts and may only… Read More »
Student Loan Debt Relief And Bankruptcy
When the U.S. government decided that it would extend loans to its citizens, it thought it was doing a good thing. To encourage loan vendors to issue the loans, the government had to afford it certain protections. These protections are unlike any loan provider in the U.S. No loan provider can prevent a debt… Read More »