Author Archives: Site Administrator
Do I Qualify for Chapter 7 Bankruptcy?
In Chapter 7 bankruptcy, many (or all) of your debts are canceled. At the same time, you may also sell/liquidate some of your property to repay your creditors. In order to qualify for a Chapter 7 bankruptcy, however, you must earn less than the state median income on a monthly basis, or perform a… Read More »
Common Bankruptcy Myths Debunked
For many Americans, bankruptcy is akin to a mythical beast that represents an unknown and frightening legal and financial venture. The mystery surrounding bankruptcy has been built up over the years as rumors and speculation circulate more than actual facts. The result is many people shying away from bankruptcy due to misinformation when, in… Read More »
Undue Hardship Exception: Discharging Student Loans in Bankruptcy
Bankruptcy can be a highly effective way of eliminating overwhelming debts and getting your finances and your life back on track. But as many people who have gone to a college or university to obtain a degree can attest, student loans and the debts they cause are stubborn and seem to resist any bankruptcy… Read More »
What’s the Difference Between Unsecured & Secured Debt?
When you are in the midst of a bankruptcy filing, you will likely come across both secured debt and unsecured debt. You might not, however, come across a clear explanation as to what these two types of debt are, and why you should care. What is Secured Debt? A secured debt is any type… Read More »
Tips to Fix Your Credit Score After Bankruptcy
People faced with unpayable debt that burdens them day in and day out often need bankruptcy to escape it. More often than not, this means using Chapter 7 bankruptcy to discharge as much debt as possible. For all the good that bankruptcy filings can bring, they can bring consequences, mainly damage to a filer’s… Read More »
Senator Elizabeth Warren Joins Fight Against Debt Collection Industry
Democrat Senator Elizabeth Warren has become the latest voice in a growing number of advocates calling for reform of the debt collection industry, reprimanding the US Department of Education for sending debt collectors to pursue money from 80,000 students who were defrauded by a for-profit school. In a letter to US Education Secretary John… Read More »
Is the National Debt Really Something to Worry About?
If you have been following the upcoming 2016 presidential election at all, you have likely heard about the rising national debt as being one of the main topics of debate. Since the year 2000, the country’s debt has skyrocketed by $5.7 trillion to a staggering $19.5 trillion – more than three times as much… Read More »
Guidelines for Concealed Carry Laws in Jacksonville, Florida
Florida gun owners who wish to exercise their right to carry a concealed weapon in Jacksonville need to know the law. What Is Florida’s Concealed Carry Law? Concealed carry is a term that applies to carrying a firearm on one’s person in public in such a way that it is hidden from view. Concealed… Read More »
$35B Rise in Household Debt in Three Months
Quarter 2 of America’s 2016 fiscal year saw a spike in the total household debt of $35 billion, bringing it up to $12.29 trillion. How do the average American families wind up adding such a large figure to the national household debt? It is believed the spike was caused by two financial categories: credit… Read More »
How Much Household Debt is There in America?
According to recent studies, the average household in America has more than $130,000 in debt. The national household debt overall rose to $12.29 trillion in the second quarter of 2016’s fiscal year, so it feels like everyone is in a bit of a financial quagmire right now. But where is all this debt coming… Read More »
