Can You File Bankruptcy on Medical Bills?

Healthcare costs keep rising, and with one trip to the doctors, it can be easy to head into a spiral of overwhelming debt. Maybe you had a sudden sickness come on unexpectedly, or you have a more serious illness that requires frequent attention and monthly medication. These medical bills can easily start to pile up, creating massive amounts of debt. How do you get out from under it? Can you file bankruptcy for medical bills? We’re here to answer the most important questions when it comes to bankruptcy and medical debt. Can [...]

What Are the Florida Bankruptcy Exemptions?

When filing for bankruptcy, you may be worried you will lose all your possessions. Good news for you! There are exemptions put in place to excuse certain assets from being taken. The 2 kinds of exemptions are federal and state. What you can claim as your exemption will vary from state to state. Some states offer both federal and state, and others require you only to use the state exemptions. Florida is a special state for many reasons, one of them being that you are not allowed to use federal exemptions and [...]

Statute of Limitations on Florida Debt

Falling behind on bills can be overwhelming, and now creditors are constantly hounding you to repay your debt when all you want them to do is stop. When you find yourself drowning in debt and harassed by debt collectors, don’t forget you have rights as a consumer against debt collectors using illegal debt collection practices. If you receive a lawsuit in an attempt to collect your unpaid debt, it is crucial not to ignore the summons. You can fight the lawsuit, and the statute of limitations on debt collection in Florida could [...]

What Is a Bankruptcy Trustee?

Bankruptcy trustees can have a big impact on the outcome of a bankruptcy case, and they play an integral role in the bankruptcy process. Most bankruptcy filers have never heard of a bankruptcy trustee prior to beginning the bankruptcy process, and for most, the term is shrouded in mystery. However, there’s no need to feel intimidation at the prospect of wondering, “What is a bankruptcy trustee?” Below we have compiled a short guide outlining all you need to know about bankruptcy trustees. What Is a Bankruptcy Trustee? A bankruptcy trustee is an [...]

How Long Does Bankruptcy Stay on Your Credit Report?

People frequently have the misconception that bankruptcy is the end of their financial road, and that any possibility for future financial success is removed. As a result, we commonly receive questions about the best ways to move forward after bankruptcy, specifically, “How long does bankruptcy stay on your credit report?” While bankruptcy does have an impact on an individual’s credit report and score, it doesn’t last forever, and it is possible to move on and rebuild after the bankruptcy process. To help alleviate any concerns you may have, we'll explore what happens [...]

Can Bankruptcy Be Denied?

The goal of filing bankruptcy is to receive a discharge of debt, whereby you will receive protection under the automatic stay. However, while uncommon, it is possible to have your bankruptcy case dismissed and your discharge denied by the courts. Below, we’ll outline a few of the most common causes for having your bankruptcy denied. 1. Bankruptcy Fraud Honesty is always the best policy. Failure to tell the complete truth to your attorney or your bankruptcy trustee is the easiest way to have your bankruptcy denied. If you make false statements, lie [...]