Category Archives: Chapter 7 Bankruptcy
The Pros and Cons of a Chapter 7 Bankruptcy in Jacksonville, FL
For many people, bankruptcy feels like a personal failure. However, the system is there for a reason and bankruptcy is a part of a healthy economy. When your debts are too massive for you to repay, you have the option of discharging those debts in bankruptcy. In this article, the Jacksonville, FL chapter 7… Read More »
What Information Will You Need to File for a Chapter 7 Bankruptcy in Jacksonville?
If you plan on filing for a Chapter 7 bankruptcy in Jacksonville, FL, then you will need to present to the court specific documentation. In this article, we’ll take a look at what sorts of documentation you will need to provide the court with. This guide will provide insight into what you should expect… Read More »
Examining the Rules for a Chapter 7 Bankruptcy in Florida
Chapter 7 bankruptcy is known as liquidation bankruptcy. A filer can discharge all of their unsecured debts. Unsecured debts relate to personal loans, credit cards, and other types of debt that are not backed by collateral such as a mortgage or a car loan. To file under Chapter 7 in Florida you must be… Read More »
What Happens After You File a Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, also known as liquidation bankruptcy, allows a debtor to divest themselves of all unsecured debts. Such debts include personal loans, credit cards, and other types of debt that are not backed by collateral such as a mortgage or a car loan. When considering debt release through Chapter 7 bankruptcy, you may… Read More »
Can You Discharge Tax Debts In A Chapter 7 Bankruptcy?
For many Jacksonville residents, their biggest source of debt is what they owe the Internal Revenue Service. Florida may not have a state income tax, but most people still have to pay federal taxes on their income. And it is not uncommon for people to fall behind on their taxes, especially if they are… Read More »
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 »