In the challenging times Floridians have had to endure over the past year, many have had to rely on credit cards to pay for groceries, gas and other necessities. This has led many of them to incur credit card debt so burdensome that they are unable to make their...
In these tough economic times, many people in Florida are struggling financially. They may be facing the difficult choice of deciding what bills to pay this month, and which they are going to let go unpaid. They may be facing food insecurity, or they may be months...
A Chapter 11 bankruptcy, which may be referred to as a reorganization bankruptcy, is what businesses which dealing with financial distress may use to get debt relief. In a Chapter 11, a business will have to propose, and the bankruptcy court approval, a plan for...
For Floridians who are concerned about the status of their businesses and are facing personal financial challenges, it may be useful to look at the trends for bankruptcy filings. Since it is a new year and the ongoing health crisis is continuing to impact people...
The thought of losing one’s home to foreclosure is scary, especially when a family is not sure where they will live after the process settles. Still, for too many Floridians, job losses or other financial emergencies can mean choices between paying the mortgage and...
Floridians and people across the United States are facing significant uncertainty about their finances because of the current health crisis. This has placed many businesses in turmoil, left people out of work and called into question how difficult the circumstances...
We all know that times are hard for everyone, but especially for small businesses. And, without further state or federal aid, the fallout from our current times could cause a bankruptcy tsunami that could overwhelm the federal bankruptcy system. What happens if the...
Small businesses in the Tampa area may run into trouble with debt for a number of reasons. Businesses can run into a bump in the road of the overall economy or a particular sector in the market takes an unfavorable turn, meaning the business has to operate at a loss...
Florida business owners, like their counterparts across the country, have most likely come on difficult financial times. Their business might be suffering and it might be getting harder to stay open and keep paying people their wages. While business owners have a...
When Florida residents are considering their debt relief options, it is important to understand the different categories of debt they have and how this will affect their ability to discharge their debt through personal bankruptcy. Debts can be of two main types:...