Category Archives: Bankruptcy in Florida
8 Ways to Minimize the Risk of Identity Theft
Identity theft is rampant in this modern age. Victims can spend months or even years cleaning up the mess caused by their identity being compromised. Scammers steal personal information for many purposes, including applying for credit or loans, opening bank accounts, going on shopping excursions, and more. It may be months or years before… Read More »
Supreme Court Decision Protects Second Liens in Chapter 7 Bankruptcies
The Supreme Court of the United States recently entered a decision that benefits mortgage lenders. The highest court overturned a previous decision that allowed a debtor in a Chapter 7 bankruptcy to “strip down” a second mortgage if there was not any value in the property beyond the primary mortgage. The premise is that… Read More »
4 Smart Tips for Starting Your Own Business
If you are planning on being an entrepreneur, there are a few steps you can take to starting your own business. The basics of starting a business might be outlined on SBA.gov but the only way you can truly learn about starting a company is through trial and error. When establishing your own company,… Read More »
Tips For Students To Avoid Debt
Credit card debt is one of the leading reasons for bankruptcy in the United States, and often these high balances that consumers cannot escape start in college. Before your college student heads off to school, you should teach them how to use their credit responsibly. This is especially true these days, since banks will… Read More »
3 Facts You Need to Know About Bankruptcy
Bankruptcy means something different for everyone. For some people, it is a horrible experience to go through, while for others it is necessary in order to start over, such as after a complicated divorce. Unfortunately, those who look at bankruptcy negatively have an inaccurate understanding of what it is and how it works for… Read More »
List of Professionals You Need When Selling a Business
Accountant If your business doesn’t already have an accountant, you need one for the sale. An accountant can get your books together – especially profit and loss statements – as well as understand the tax codes for selling your business. Your accountant can also help find a favorable way to deal with the tax… Read More »
Bankruptcy in the News
The “B” word: a word that scares many people so much that they refuse to say it, but in reality, bankruptcy is extremely common. While most think that bankruptcy will ruin them, it actually can be beneficial in providing relief for many individuals and businesses. Bankruptcy can be a difficult pill to swallow. For… Read More »
Business Bankruptcy
After you have finally achieved your dreams of owning your own business, the unthinkable happens: an unforeseen circumstance which causes you extensive financial difficulties. When you’re dealing with financial problems, running your own business can be a tough job. In fact, it can be almost impossible to make ends meet in both your business… Read More »
Will I Owe Taxes after Bankruptcy?
A lot of consumers assume that they can relieve their tax obligations by filing for bankruptcy. After all, you can discharge your other debts, and taxes are a heavy burden on your financial situation. But determining whether or not you will owe taxes post-bankruptcy isn’t as easy as “yes” or “no”. This all depends… Read More »
Bankruptcy Discharge and Dismissal: Do You Know the Difference?
Bankruptcy cases have two results: dismissal and discharge. While they sound similar, these two outcomes are extremely different. As a consumer filing for bankruptcy, it is your job to know and understand those differences. What is a Dismissal? Dismissal is a word you never want to hear in a bankruptcy case. If your bankruptcy… Read More »
