Category Archives: Bankruptcy Information

Florida Exemptions

As I take down my website, I thought I would post the following list of exemptions applicable in Florida. The reader should consult an attorney for any updates and how the exemption law applies in your particular case. Exemption List Will I lose my home if I file bankruptcy?  Will I lose my car?  Can I protect my retirement account?  The answers to these questions are based on the law of exemptions from the claims of creditors or from the bankruptcy trustee. The following is a list of several exemptions for Florida residents. Florida residents who have not resided in Florida for two years cannot use these exemptions in bankruptcy. However, the debtor often is better off using the prior states’ exemptions, except as to the homestead. This list does not mean you can now transfer the asset to make it exempt. The exemption can be rejected because you fraudulently…
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Bankruptcy Planning: Don’t do the following!

Bankruptcy Planning: What not to do As I take down my website, I thought I would post the following information I have had on my website for years. Still good advice. Thirty-Three DON’TS in preparing to file a Chapter 7 1.  Don’t leave out Bank, Checking, Savings, Brokerage, Credit Union accounts. 2.  Don’t keep a bank account where you owe money such as a credit card debt. 3.  Don’t use your credit cards. 4.  Don’t take Credit Card Cash Advances. 5.  Don’t use convenience checks. 6.  Don’t do balance transfers. 7.  Don’t pay money to family. 8.  Don’t pay money to friends. 9.  Don’t tell a creditor that you intend to pay. 10. Don’t leave assets off of your paperwork. 11. Don’t file bankruptcy if you are about to receive a tax refund or inheritance.  Discuss the timing with your attorney. 12. Don’t fail to tell your attorney about your…
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Is bankruptcy right for me?

Bankruptcy can be the solution As I take down my website, I hope that posting this information from the site might be of help. Note in this blog you will see a discussion of numerous cases over the years that remain important for both consumers and attorneys. Do I need to file bankruptcy? Should I file bankruptcy? For most people, if you need to ask the question, the answer is probably yes. AND DID YOU KNOW THAT WE MIGHT BE ABLE TO ELIMINATE YOUR SECOND MORTGAGE IN A CHAPTER 13?   More on that below. But first, consider the following circumstances: Many people struggle a long time paying thousands of dollars just in interest on credit cards without making a dent in the amount due. Recently, by law, the minimum payments have greatly increased making it even more difficult to pay the bills. Are you living pay check to pay check?…
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