August, 2011
Bankruptcy Timing is Important
Once you’ve decided to file bankruptcy, you may already feel a huge weight lifted off your shoulders. Part of that will come from simply having made the decision to liquidate your debts and move on with your life. Another part will come from being able to tell creditors that you’re in the process of filing, [...]
Tags: bankruptcy, bankruptcy relief, Chapter 7 bankruptcy, filing bankruptcy, Proper Bankruptcy Timing
Posted in: What Does Bankruptcy Mean To You | 6 Comments »
There Is Life (And Credit) After Bankruptcy: 5 Steps To A Fresh Start
Post-bankruptcy, life’s misfortunes may not be fully resolved. Still a future focus is key. Here are five steps to a fresh financial start after bankruptcy: Avoid making any big financial or life changes for three months, if other life issues don’t force doing so. It’s especially important not to incur new loan liabilities that may [...]
Tags: after bankruptcy, bankruptcy, credit history errors, financial start after bankruptcy
Posted in: What Does Bankruptcy Mean To You | No Comments »
Key Florida Chapter 7 Exemptions: Home & Retirement Savings
Exemptions in bankruptcies refer to protected assets that cannot be sold to satisfy creditor claims. State bankruptcy exemptions take precedence over Federal exemptions, resulting in wide state-to-state variations. Florida, An Advantageous Bankruptcy State In Florida, the two key Chapter 7 exemptions are a debtor’s primary (homestead) residence and retirement assets. Because these two assets often [...]
Tags: advance bankruptcy planning, Bankruptcy in Florida, Chapter 7 bankruptcy, chapter 7 bankruptcy in florida, exemptions in bankruptcies
Posted in: What Does Bankruptcy Mean To You | No Comments »