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When a married individual chooses to file bankruptcy, it doesn't always mean that both spouses file jointly. There are certain situations which make it more beneficial for just one spouse to file bankruptcy. In the event one spouse files for Chapter 7 bankruptcy, it...

Chapter 7 bankruptcy can be a very appealing form of bankruptcy to file. It discharges a good portion of the filer's debts completely, almost guaranteeing a fresh start and another chance at financial solvency. However, because this type of bankruptcy leaves some...

When you are looking into a fresh start, it may be disappointing to find that in any bankruptcy ruling there are certain debts that just won't ever go away. These debts are called nondischargeable debts and while you may wonder what the benefit of bankruptcy is if you...

The first step in filing for Chapter 7 bankruptcy is to confirm that you qualify for the form of bankruptcy many people prefer. The means test essentially considers your income against how many people are in your household, as well as questions about your debts and...

Anyone who has experienced issues with money knows how stressful it can be. You may feel like you don't make enough or struggle with paying all of your bills. Those who have managed to land on their feet and avoided seeking legal help were lucky, but there are many...

When a person decides to file for Chapter 7 bankruptcy, there are several ways they benefit. The most important of these is that they get out of debt, but they also tend to feel a bit of relief from the stress they have been experiencing as a result of the amount of...

People who are in debt may struggle with finding a solution to their money problems. While some people are able to get out of debt on their own, others may have to file Chapter 7 or Chapter 13 bankruptcy. Of course, filing Chapter 7 will give them the debt relief they...

Many people who file for Chapter 7 view it as a way to get out of debt and put an end to the financial challenges they have been experiencing for quite some time. Although it is a common option that many turn to when their debt gets out of control, there are certain...

There are many people who have found themselves faced with financial challenges. From credit cards to student loans and medical bills, there are a number of reasons people are swimming in debt. Many of those who have fallen behind on bills and started to feel...

Many people who have found themselves drowning in debt have turned to bankruptcy. It is no secret that bankruptcy has many benefits, the most appealing is that you will have your debts cleared. Your debts being erased is a huge plus to filing bankruptcy, but...

Many people who have found themselves drowning in debt have turned to bankruptcy. It is no secret that bankruptcy has many benefits, the most appealing is that you will have your debts cleared. Your debts being erased is a huge plus to filing bankruptcy, but one...

In the old days, a bankruptcy was thought of as a failure. You would be marked with the metaphorical scarlet letter, refused credit and shunned by the system. Those were the old days. Now the stigma associated with bankruptcy has all but disappeared and it's...

In the old days, a bankruptcy was thought of as a failure. You would be marked with the metaphorical scarlet letter, refused credit and shunned by the system. Those were the old days. Now the stigma associated with bankruptcy has all but disappeared, and it's...

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...