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November 2015 Archives

Florida attorney aids clients with financial challenges

Floridians may have heard the expression "knowledge is power," and this expression can certainly prove true for those Floridians who are facing financial challenges or preparing for bankruptcy. Many questions can arise as a person considers the possibility of asset forfeiture or other demands that stem from personal or business financial struggles.

Do I have secured or unsecured debt?

It can be an advantage for a Floridian facing financial challenges, whether as an individual or a business owner, to be knowledgeable about the character of his or her debt, and in particular, whether the debts are secured debts or unsecured debts. Secured debts and unsecured debts will often receive different treatment in a bankruptcy proceeding.

Credit counseling, debtor education are part of bankruptcy

Bankruptcy proceedings have numerous specific requirements, which must be followed closely and carefully. The requirements are designed for the protection, and sometimes education, of those persons filing for bankruptcy protection. Two requirements that aim to educate bankruptcy filers who are filing for personal bankruptcy protection, such as Chapter 13 bankruptcy, are that of credit counseling and a debtor education course.

Florida court's bankruptcy decision may affect Chapter 13 filers

A recent decision by the U.S. Bankruptcy Court for the Middle District of Florida may affect the outcome of some Florida debtors' Chapter 13 bankruptcy cases. The Court considered both a Chapter 7 and a Chapter 13 bankruptcy case in its decision, and ultimately held that a debtor who has surrendered property cannot take overt action to impede secured creditors from foreclosing on the creditors' interests in secured property.