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May 2015 Archives

Debtor education and credit counseling in Chapter 7 bankruptcy

When it comes to filing for Chapter 7 bankruptcy, debtors in Florida need to do more than fill out the required forms and paperwork. Debtors must also complete a credit counseling session prior to filing for bankruptcy and a post-filing debtor education course.

Does asset forfeiture include repossession?

It is always difficult to lose something that you have purchased. It is even more difficult when something you've purchased is taken from you because you cannot afford it anymore. That is basically the definition of asset forfeiture, a common concern for those facing financial challenges in Orlando.

Tomato grower in Florida opts to file for Chapter 11

In business, sometimes things do not go as planned. Like in life, there are ebbs and flows in the business world that just happen no matter what. When the business is making money and things are good, bankruptcy is of course the furthest thing from a business owner's mind. With that being said however, there is no way of telling when business might go sour and things just fall apart financially.

Talking about Chapter 7 and liquidation

Having to file for bankruptcy is not something that people in Orange County, Florida, really want to do. To get to the point where bankruptcy is an option means that the debt is no longer manageable. Not being able to manage your debt without outside assistance is not only a scary proposition for a lot of folks, but it can also be nerve-racking because there are a lot of unknowns. Depending on the amount of debt that you are facing, your options may or may not include filing for bankruptcy. Once you enter the world of bankruptcy, there are a number of rules and regulations that you have to follow.

Fewer business bankruptcies in parts of Florida so far this year

The major economic storm that hit the United States over the last several years is just beginning to clear with respect to businesses, which were greatly impacted. The slow but steady rebound in the economy is allowing for businesses in Orlando to not only resolve their business debts in a positive and fruitful way, but it is also allowing businesses to thrive. Over the past several years the economy has not been conducive for this type of positive business growth and as a result many businesses had to shut down or file for bankruptcy as a way to cope with the overall economic climate. Some companies were able to weather the storm while others were not so lucky.