Remember that time you went to the doctor, forgot to pay the bill, had the doctor’s office call you and then, a few months later some random debt collector calls you for repayment? A lot of times, these situations happen accidentally, and certain times we forget about the debt, and about repaying the debt all together. When the third party calls, we are reminded of the debt and then make an active decision on whether to pay the debt at that time, tell the collector to call back later for the payment, or to ignore the debt collector and see what happens when you opt not to pay your debt… Then, one day you find out you’re getting sued for debt.
If your bills are piling high, to the point where making any kind of down or minimum payment seems like it’s going to be a struggle, bankruptcy might be your best option. It is important to know that filing for bankruptcy in Florida is going to cost you more than just about every other state, so there is really no cheap bankruptcy filing. While the filing costs are fixed by the state, the fees charged by attorneys typically runs between $999 and $1499, but can go as high as $5000. The range in price varies on specifics such as: 1. How the attorney bills for his or her time 2. whether you are filing for Chapter 7 bankruptcy filing, chapter 11 bankruptcy filing or Chapter 13, 3. How long the bankruptcy process takes, 4. Whether there are any challenges being filed by trustees and/ or creditors, 5. Whether there are any related legal costs to your case, and 6. Whether there are any adversary proceeding attorney fees.
Let’s be honest: The first thing to know about getting a credit card with low interest and high limits credit card after filing for bankruptcy is that it will not be easy. Credit cards for people with bankruptcies and credit cards that accept bankruptcies are not easy to come by with good terms after Chapter 7 or Chapter 13. However, there is no need to lose hope, there are a few options secured card options of post bankruptcy credit cards and ways to even get an unsecured credit card again.
By now you’ve probably heard it all—you should apply for the Paycheck Protection Program (PPP), you’ll get it. You shouldn’t apply for PPP, you aren’t eligible. No harm in trying—apply for PPP and see what happens. Well, you have to pay to file your 2020 taxes prior to applying for round 2 of PPP, and most business owners do not want to spend the money to do so unless they are eligible to get some money. No one can do a quick summary of all of the PPP criteria, but here is our best attempt at summing it up for you.