Category Archives: Bankruptcy
Life After Bankruptcy
If you are struggling with deciding whether or not to declare bankruptcy, one of your largest obstacles may be what your life will look like following your bankruptcy. Will you ever be able to get a credit card again? Will you qualify for a home loan? Will you be able to make any large… Read More »
Businesses have Powerful New Weapons in Solving Financial Problems
Julianne Frank, Esq All rights reserved 2020 In my prior post we discussed how CARES may or may not get you your special subsidy check from the government. Today, we turn our attention to the future of bankruptcy given the monumental impact Coronavirus is having, and will continue to have, on our economy. If… Read More »
World Record Bankruptcies Ahead? Maybe Not
Julianne Frank All rights reserved 2020 A professor an NYU who developed a renowned model for predicting business failures has issued a report that says that while annual bankruptcies may increase over the next 12 months, they are not likely to match the 1.5 Million cases that were filed after the Great Recession. Economists… Read More »
Will Bankruptcy Help with My Divorce?
If you find yourself in both financial distress and marital distress, you may be considering filing for both bankruptcy and divorce. While you can legally file for both at the same time, it can cause unnecessary complications and delays in both proceedings. Understanding how filing for either bankruptcy first, or divorce first can affect… Read More »
What happens if I Ignore My Creditors ?
If you facing massive debts that you can not pay, you may be tempted to simply ignore your creditors. The Fair Debt Collection Practices Act (FDCPA) allows debt collection companies to attempt to collect a debt for another business. These collection companies can be quite aggressive in their attempts to contact debtors. There are… Read More »
MANAGING YOUR DEBT IN A COVID 19 WORLD: DO I GET A PIECE OF THE STIMULUS?
Part 1 Julianne Frank,Esq. All rights reserved 2020 On March 27, Congress passed the big relief legislation with it’s $2, 000,000,000,000 (yep, 12 zeros) price tag. It is called the CARES ACT (Coronvirus Aid, Relief and Economic Security Act) Are you sure you are getting a piece of that? Let’s say you make less… Read More »
Foreclosures and Bankruptcy
If you are facing financial difficulties, you may be considering options such as bankruptcy as you receive foreclosure notices on your home. Making the decision to declare bankruptcy can be an overwhelming decision, but when faced with the possibility of a foreclosure, the decision can become even more challenging. The decisions you make can… Read More »
Coronavirus, Bankruptcy and the Future of Florida
When Congress radically changed the bankruptcy code in 2005, the number of bankruptcies skyrocketed as fear among the public grew that there would be no more bankruptcy. Then, three years later, the bottom fell out of the economy when Wall Street helped create a real estate speculation boom and ultimately, a bust. Now, America… Read More »
Bankruptcy For The Purpose of Tax Relief
People file for personal bankruptcy for a number of reasons. If you are considering filing for either Chapter 7 or Chapter 13 personal bankruptcy, you are likely facing financial obligations greater than your income or ability to repay these debts. Chapter 7 bankruptcy allows a debtor to discharge, or eliminate, many of their consumer… Read More »
Debt and Bankruptcy
If you are considering bankruptcy, you have two choices: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Understanding the difference between these two bankruptcies as well as what your other options are with regard to your debt can help you make the best decision for your situation. Chapter 7 Bankruptcy Chapter 7 bankruptcy is a… Read More »