We’ve all heard the saying that fortune favors the bold. A lot of entrepreneurs take that saying to heart, sometimes using their life savings to fulfill their dreams of starting a business that speaks to their interests. But a lot of businesses have fallen on hard...
The unprecedented events of 2020 were a financial nightmare. The drop in economic output was significant and many people in Tampa were furloughed without pay or even lost their jobs altogether. Despite this, there is some interesting news. 2020 saw fewer personal and...
Most people in the Tampa area have at least one credit card. In fact, it is estimated that every American has an average of 4 credit cards. But sometimes there are circumstances in which a person can’t make their credit card payment for whatever reason. They may...
When residents of Central Florida consider bankruptcy, they usually ask if the process will discharge all of their debts. This question gets the potential debtor a bit ahead of schedule. Before answering the question about the effect of bankruptcy, the debtor must...
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...