Bankruptcy

A power of attorney is the name signifying a one-page legal document that gives an attorney power, nature of which, specified in the paper, to do certain acts written in the said document on behalf of the person authorizing an attorney. Power of attorney does not have any specified format under the law but must be written in a clear and not obscure language. It is better to get control of...

After bankruptcy, your credit can take a big dig. In simple words, filing bankruptcy comes with a negative credit score that can impact your financial loan needs. Is it possible to rebuild credit after bankruptcy? Yes, of course, you can rebuild the credit. With every positive mark on your credit report, the credit score begins to rise. And you will be eligible for new credits. Here are some...

When you are filing for bankruptcy in Florida, you should be aware that the filing procedure falls under federal law and not Florida state law. It means you need to unwind the contracts between you and your creditors to make new beginnings. (more…)

  The purpose of bankruptcy is to allow a debtor to work out his finances without an overwhelming burden. But how will a debtor improve his finances if he loses all his property when he files for bankruptcy? (more…)

  COVID-19 put many people in a position they have never been in before—saddled with debt that they can no longer afford to pay off. This has led to numerous individuals filing for Chapter 7 bankruptcy. Bankruptcy gives people an opportunity to erase most of their debt, while holding on to their tax credits, child credits and stimulus checks. This option also allows the person filing for...

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...

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...

In How to Start a Business in One Day – Part One, we covered ways to come up with a business idea and issues revolving around creating a business name.  Those parts, while difficult, are exciting and even fun, but there is a lot more to starting and operating a business in one day than, well, fun. (more…)

Most people do not amass debt with the intention of never paying it off.  In general, people are forced to file for bankruptcy because of changing circumstances outside of their control.  However, when some people are already considering bankruptcy, they entertain the idea of racking up debt and getting it discharged through bankruptcy.  If that was your plan, think again! (more…)

Modern-day bankruptcy and restructuring laws for companies are a lot different than earlier before. The essential task of bankruptcy lawyers today is to avoid bankruptcy. This is where business debt restructuring comes into place. Debt restructuring is a way to sort out a company’s payments in such a way wherein debts can be eliminated without causing any harm to either of the parties. This...