Tag Archives: Filing for Chapter 7 Bankruptcy
Florida’s Increased Vehicle Exemption
Unlocking Financial Freedom: Florida’s $5,000 Vehicle Exemption in Bankruptcy Filing for bankruptcy can feel like standing at the edge of a cliff. The fear of losing everything might grip you tight. But wait! In Florida, there’s a safety net—specifically for those who own vehicles. The $5,000 vehicle exemption can help you keep your ride… Read More »
Chapter 7 for The Small Business Owner
Chapter 7 Bankruptcy for The Small Business Owner Part One: Why Would a Small Business Need to File A Bankruptcy? A colleague asked me this morning why a small business would need to file a bankruptcy, instead of simply closing down and walking away. Of course the owner might be facing personal guarantees for… Read More »
The HAVEN Act and Veterans Benefits in Bankruptcy
For veterans in Florida who need bankruptcy protection and are considering filing for Chapter 7 bankruptcy, the prospect of passing the “means test” can be complicated and, in some cases quite difficult, given the way in which current bankruptcy law requires courts to consider certain veterans’ benefits as part of a veteran’s income. In… Read More »
Business Lender and Personal Guarantees
When a Business fails, what can happen to the owner? Here are some common questions and answers about personal guarantees on business debt. Question: What are the basics every business owner needs to know about personal guarantees? Answer: Normally when a business owner signs a loan on behalf of its business, the creditor can… Read More »
Common Misconceptions About Chapter 7 Bankruptcy
When you have significant debts that you just can’t pay, filing for Chapter 7 bankruptcy might be a good option to help get your financial life back on track. In the Tampa area, consumers with high credit card bills and piling medical debts file for personal bankruptcy everyday. Yet many Floridians have heard myths… Read More »
