Chapter 7

Medical care is expensive, even for those in Florida who have insurance coverage. An accident, prolonged illness or emergency surgery can result in bills totaling thousands of dollars, and most people are not able to effectively manage this amount of debt without...

Chapter 7 bankruptcy is a type of bankruptcy filing that is available to qualified debtors. Chapter 7, unlike Chapter 13, is a liquidation process which results in the complete (or almost complete) forgiveness of the debtor’s liabilities. Liquidation means that the...

It is tax time again. For many people that means that it is time for a Florida vacation, a new car or some other luxury item that they have waited to splurge on. Others wait until tax time to pay off small debts which they couldn't catch up on during the year. For...

The choice to file for bankruptcy is made by thousands of Americans every year. Many declare personal bankruptcy in the state of Florida and get a fresh financial start. While some may be considering chapter 7 or 13 as an option, others may wonder what happens when a...

Student debt is currently among those types of loans which are not allowed to be discharged in a bankruptcy case. A few lawmakers are trying to change all of that. The two representatives, one Republican and one Democrat, are working together to try and reform the...

For those who have become overwhelmed with personal debt, bankruptcy can be the relief they need to get a fresh start. Some may wonder, however, whether Chapter 7 or Chapter 13 is for them. What are the differences and how should one choose? Florida residents who are...

The decision to file bankruptcy can be a difficult one to make. On one hand, people must consider how their credit will be affected, how their reputation could be tarnished, and how it may affect how they feel about themselves. On the other hand, it could be...

For many families in extreme debt, filing for bankruptcy may seem like the only option. For personal estates, Chapter 7 bankruptcy is the most common type to apply for. However, before you start filling out paperwork, it is beneficial to know whether you even qualify....

For those who are behind on most or all of their bills, filing for Chapter 7 bankruptcy may provide a fresh start. Except for a few types of debt, such as income tax and child support, filing Chapter 7 can clear the slate of unsecured financial obligations. Some of...

Legal terms can be confusing for the average person to understand, especially those referring to financial situations. For instance, on the topic of debt relief, several types of financial crisis alleviation options include the word chapter, followed by a numeral. At...