Entries by tampa

Personal Loans and Bankruptcy

When you file a bankruptcy petition, you are required to list all your debts and creditors. This includes informal, personal loans like loans from family members or friends that may not be documented in a formal written loan agreement. Depending on the chapter you file these types of loans are handled differently. For of the […]

How to Qualify for Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a popular type of bankruptcy you can consider if you are very cash-strapped and under heavy pressure from creditors. In chapter 13, you do not have to liquidate your assets (like in Chapter 7) but you do have to honor a payment plan set by the bankruptcy court. This type of […]

Medical Expenses Bankruptcy

These days, medical costs are astronomical and keep rising with hardly a limit in sight. Without sufficient medical insurance, the cost for medical and hospital care can be crippling. Most of the time, those who file for bankruptcy do so because of insurmountable medical bills usually due to prolonged illness. Some people have been asking […]

Bankruptcy FAQ (part 3)

Here’s the final article on frequently asked questions on bankruptcy. 1. Can bankruptcy stop creditors’ harassment? The answer is “Yes” because once your bankruptcy filing is approved, the court issues an order for automatic stay. This is a court order that prohibits all creditors from making any collection efforts on you until the bankruptcy is […]

Bankruptcy FAQ (part 2)

Today I shall continue with part 2 of bankruptcy frequently asked questions. Two more of the common questions I have come across are: 1. Can bankruptcy help me avoid foreclosure? The answer is “Yes”. In fact, one of the best uses of bankruptcy is to avoid foreclosure. You do so through filing a Chapter 13 […]

Bankruptcy FAQ (part 1)

Over the next few days, I’m compiling a list of most frequently asked questions I’ve come across when dealing with clients about bankruptcy. Here are the first three questions (in no particular order): 1. Can bankruptcy eliminate all my debts? The answer is “No”, but the good news is that most debts can be eliminated. […]

How Your Bankruptcy Trustee Treats Fraud

Fraud in a bankruptcy case may take on a variety of forms. Usually fraud in bankruptcy has to do with the treatment of debt, the transfer of property, perjury, embezzlement, filing false documents etc. Any and all of these is considered a federal crime. If your bankruptcy trustee suspects fraud, he or she must treat […]

Important Considerations in Bankruptcy

When considering bankruptcy, you should know some things about bankruptcy and your own financial situation that may help detail your next course of action. Firstly, you should be familiar with the types of bankruptcies that are open to you. Essentially, you may choose to file either Chapter 7 or Chapter 13 bankruptcy. Both have their […]

Which Chapter of Bankruptcy is Best for Small Business Owners?

If you small business is overwhelmed with debt, you can file for bankruptcy. Small business owners are either sole proprietors or partners in a partnership. The chapters of bankruptcy that apply to small business owners are Chapter 7 and Chapter 13 bankruptcy. These two chapters of bankruptcy offer the small business owner the protection for […]

What Happens to my Car after Filing Bankruptcy?

Have you ever wondered what happens to your car after you make a bankruptcy petition? Do you get to keep it or does it have to be sold to repay your debt? Most likely, you have fallen behind on your car payments (besides other debts) and you may wonder if you have to surrender your […]