Category Archives: Bankruptcy in Florida
Bankruptcy & Taxes: What You Need to Know
Like it or not, tax season is upon us. In the midst of the season, it’s important for Americans to understand how bankruptcy can affect taxes and vice-versa. Discharging Tax Debts Those looking to discharge tax debts have a better chance of doing so if they opt for a Chapter 7 bankruptcy. Additionally, a… Read More »
When Celebrities Face Bankruptcy
For celebrities, wealth typically comes with the territory — but that doesn’t mean that wealth always lasts. Even those who lead the most lavish lifestyles may find themselves in a situation that calls for them to file bankruptcy. The public loves celebrity gossip, so it’s no surprise that those in the public eye will… Read More »
Premier Cru Fine Wines Bankruptcy
No one is immune to money troubles, even those with wealth and fame. Take Premier Cru, the luxury Berkeley wine store that closed its doors this past December, is facing accusations for running a “wine pyramid scheme.” The onslaught of lawsuits from its clients began after the company filed for Chapter 7 bankruptcy. The… Read More »
Undue Hardship Student Loan Discharge
Many people believe that filing bankruptcy is grounds for discharging student debts. After all, credit card debt and car loans are all but forgotten when one is forced to declare bankruptcy. Yet, it’s not so easy when it comes to seeking student loan forgiveness. As it stands now, filing for bankruptcy isn’t cause for… Read More »
Downsize Your Home for Financial Relief
After the South Florida housing collapse of the mid 2000s, many homeowners accepted the notion that they were stuck with their current property. A large number of people were affected in some way, either by layoffs or salary cuts during this era. Many of those had to take on additional debt to stay afloat,… Read More »
Store Credit Card's Bad Reputation
While you are out shopping, you will likely receive some tantalizing store credit card offers. Store employees are often incentivized to open credit accounts, therefore they will persist in their endeavor until they hand you the receipt for your purchase. Some of the tactics include 10 to 15 percent off your current purchase, an… Read More »
5 Steps for using credit responsively for holiday shopping
We would never recommend using credit for holiday shopping, but we know many people are planning on doing so. According to a study by Harris Poll for NerdWallet and TransUnion, people in relationships are likely to take on approximately $200 in credit card debt to purchase gifts for their significant others. Using credit for… Read More »
Can I keep a credit card when I file for Chapter 7 bankruptcy?
Unbeknownst to many, there are plenty of ways you can get a credit card and establish solid credit after completing a Chapter 7 bankruptcy. However, you will not be able to keep your old credit cards after you officially declare. They will all be cancelled when the card companies become aware of your Chapter… Read More »
Rebounding from two most common debtor habits
Too much debt plagues a myriad of people each and every year. Credit cards are often one of the slipperiest slopes that lead to people quickly getting in over their heads. Often times, a single purchase or two can easily transform into a multitude of overdue payment notices and compounding interest fees. Afterwards, getting… Read More »
