Chapter 7 Bankruptcy | Student Loan Repayment Options Chapter 7 Bankruptcy. Lenders offer a variety of plans to repay your student loans -- some of them quite flexible. The plans available to you depend on the types of loans you have. Find out what kind of loans you have, learn about your options, then make [...]
Bankruptcy Calculator | Student Loans and The Means Test Bankruptcy Calculator. If you are considering filing for Chapter 7 bankruptcy and have a large amount of student loan debt, it’s possible that your loans might help you qualify for Chapter 7. This is because in order to file for Chapter 7, most debtors must pass something called the [...]
Bankruptcy Attorney | Private Student Loans in Bankruptcy Bankruptcy Attorney. If you have a private label student loan, it is very difficult, but not impossible, to discharge it (wipe it out) in Chapter 7 or Chapter 13 bankruptcy. To do so, you must bring a separate action in the bankruptcy court and prove that repaying the [...]
Chapter 7 Bankruptcy | Prohibiting Car Repossession Chapter 7 Bankruptcy. If you are in an active Chapter 7 bankruptcy, your car loan lender is prohibited from repossessing your car or otherwise trying to collect its debt. However, your lender may still be able to repossess the car during your Chapter 7 by getting permission from [...]
Bankruptcy Attorney | Can I Go to Jail if I Don't Pay My Debt? Bankruptcy Attorney. Debtors’ prisons are a thing of the past. Usually, you cannot go to jail just because you don’t pay your debts or bills. However, there are a few situations when you might face jail time in connection with a debt. You [...]
Bankruptcy Attorney | Debt Trouble? Here are Your Options Bankruptcy Attorney. Are you overwhelmed by debt? After you determine what type of debt you owe and your level of income, you can develop a plan for you financial situation. Here are your options: Do nothing. Generally this is only an option if you are judgment proof, which [...]
Bankruptcy Calculator | Is Your Income Over the Median? Bankruptcy Calculator. If your income is over the Florida median income for a household your size then you must complete the means test by calculating your income and expense information 1 Member Household - $41,334.00 2 Member Household - $51,839.00 3 Member Household - $53,952.00 4 Member [...]
Chapter 7 Bankruptcy | Advantages and Disadvantages of Chapter 7 Chapter 7 bankruptcy allows a filer to discharge – or eliminate – unsecured debt such as credit card debt, medical bills and deficiency balances due to auto repossession. Advantages to a Florida Chapter 7 filing: You receive a complete fresh start. After the bankruptcy is [...]
Bankruptcy Attorney | What if You Can't Pay Your Debts Bankruptcy Attorney. To choose the best options when you can’t pay your debts, you must first assess your financial situation. Start by doing the following: Determine if your financial difficulty is short or long term Determine whether your property is protected by exemptions Learn about [...]
Bankruptcy Calculator | Florida Bankruptcy Means Test Bankruptcy Calculator. If you would like to file a Chapter 7 bankruptcy you must pass the Florida means test. The test only applies to higher income filers which means that if your income is below the Florida median for your household size you are exempt from the test and [...]