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September 2015 Archives

Will my property be exempt under Chapter 7 bankruptcy?

Filing for bankruptcy in Florida can present many potential concerns and questions for a Florida resident. Bankruptcy can provide welcome relief from what may seem to be overwhelming debts and creditors, but debtors may wonder what they will lose in the process. It is true that in filing for Chapter 7 bankruptcy, a debtor will have to relinquish certain property to an appointed bankruptcy trustee. But, it is important to note that a debtor does not have to relinquish all property, as some property will be exempt.

Will repossession of my Florida assets affect my taxes?

Financial challenges or unemployment likely present a very stressful time for Florida residents suffering from these experiences. Floridians may be facing the threat of repossession of their assets or wondering if they should be considering entering the bankruptcy process, and wondering how these changes may affect other aspects of their lives.

Florida health care company files for Chapter 7 bankruptcy

Chapter 7 bankruptcy is an option for both businesses and individuals seeking to liquidate assets to repay creditors and enjoy a fresh financial future. A health company in Florida is filing for Chapter 7 bankruptcy after closing. In addition, 11 subsidiaries of the company also recently filed for Chapter 7 bankruptcy. The company provides home care products and is seeking to liquidate remaining assets through the Chapter 7 bankruptcy process.

Florida attorney guides clients in business reorganization

Bankruptcy may be a daunting word for some Florida business owners, but that does not have to be the case. Armed with clear knowledge of what bankruptcy entails, and with an advocate on your side, bankruptcy can be a smooth and positive experience. As this blog reported in a previous post, there are many factors that a business owner should consider before filing for business bankruptcy.

Chapter 13 bankruptcy eligibility requirements are specific

Chapter 13 bankruptcy is a great option for Floridians who have regular income and want to repay their debts over time. Known as the wage earner's plan, this type of bankruptcy allows a debtor to pay his or her creditors over a period of three to five years under a specified plan, thereby obtaining reasonable and manageable debt relief.