James H. Monroe, P.A.
Call Us For A Free, In-Office Consultation
407-917-4147
No One Should Face Crushing Debt Alone

Posts tagged "chapter 13 bankruptcy"

Florida residents can take hold of debt judgments with bankruptcy

When one has access to credit but is experiencing financial difficulties, it can lead to serious problems. In some cases, one may be able to pay down the accumulated debt over a period of time. Unfortunately, for many people in Florida, the outpouring of creditors calling, legal actions being taken and the unwarranted threats coming from creditors can lead individuals into a psychological spin where they see bankruptcy as their only option.

Bankruptcy could provide some relief to underwater homeowners

It appears that the economy is improving, but many homeowners in Florida have yet to see it. Across the country, nearly 9.1 million homeowners owe more than 25 percent of what their home is worth. Further, many of these families are behind on their mortgage payments to the point where foreclosure is imminent. Filing for bankruptcy could provide homeowners with the time and space they need to make some decisions regarding their homes.

Common myths surrounding personal bankruptcy

When financial strain becomes difficult to endure, many Florida residents consider filing for personal bankruptcy. Unfortunately, a wide range of myths and misconceptions surrounding bankruptcy lead some to postpone filing, while their debt outlook becomes even more dire. Savvy consumers will take the time and make the effort to get to the bottom of these common bankruptcy myths.

Skyrocketing medical expenses lead to Florida bankruptcies

Last month, we wrote that more than one-quarter of American families struggle to pay medical bills. Medical debt is a leading cause of bankruptcy, and it may actually cause even more personal bankruptcies than mortgages and credit card debt. Many Florida residents think that they could never be crushed by medical bills because they have health insurance. The unfortunate truth, however, is that many people with insurance can end up facing unmanageable medical bills.

How bankruptcy might benefit you

Florida residents with significant debt may wonder about ways to get relief. Many people believe that there is a social stigma associated with filing for bankruptcy. However, financial expert Suze Orman says bankruptcy is often a better choice than the alternative options.

Florida green tech drivers lose supplier to Chapter 11 bankruptcy

Florida owners of rechargeable electric vehicles won't be using charging stations made by the recipient of a nearly $100 million grant from the U.S. government. Ecotality Inc filed for Chapter 11 bankruptcy, the latest industry casualty from the public's general lack of interest in electric cars. The San Francisco-based maker of recharging stations for the vehicles, along with five of its affiliates, announced it would be auctioning off its assets one month after the filing and asked the court that it be allowed to pay its employees and vendors.

Embattled Florida brain hospital emerges from bankruptcy

The Florida Institute for Neurologic Rehabilitation filed for bankruptcy, and a judge has approved its reorganization plan because of the hospital's reports that it improved its cash flow. The bankruptcy was filed after reports that the facility was in debt ranging from $3 million to $30 million owed to between 103 and 346 creditors. A spokesperson for the medical company said that a rash of negative media reports about alleged patient mistreatment led to a major decline in revenue.

Orlando healthcare company to emerge from Chapter 11 bankruptcy

The Orlando-based healthcare tech company Rotech saw its debt restructuring plan approved by a federal judge. That court action allowed Rotech Healthcare Inc. to emerge from Chapter 11 bankruptcy reorganization, according to the company. Additionally, the judge approved $358 million in financing, which the company expects to close in on in September, thus ending its time in bankruptcy.

How often can bankruptcy be filed?

It can be difficult for some Florida residents to bounce back from bankruptcy. There are many things that can happen to put a person in financial distress. Unemployment or underemployment can reduce available funds to pay bills. Children can have unanticipated expenses. The combination of external factors may lead to an overwhelming amount of credit card debt. When continuing financial difficulties make it difficult to recover, a person might wonder how much time must pass before it is acceptable to file for another bankruptcy.

Ways to recover from a bankruptcy

Few Florida residents plan on needing to file for personal or business bankruptcy; however, having some information in advance can help people understand a bit more about the process and the best way to help recover financially after filing.

EMAIL US FOR A RESPONSE

Debt-Related Questions? We Can Help.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lewis & Monroe, PLLC
651 Rugby Street
Orlando, FL 32804

Phone: 407-917-4147
Fax: 407-246-0008
Orlando Law Office Map