Blogs
By: Marshall G. Reissman
A recent article in the New York Times recently about consumers facing bankruptcy with much more debt than previous debtors. If you are facing this same type of situation, please call us and schedule a free consultation. We want to help you in this time of uncertainty and doubt
The post Consumers Filing Bankruptcy Face Bigger Challenges appeared first on St. Petersburg Law Blog.
By: Marshall G. Reissman
A recent article in the New York Times recently about consumers facing bankruptcy with much more debt than previous debtors. If you are facing this same type of situation, please call us and schedule a free consultation. We want to help you in this time of uncertainty and doubt
The post Consumers Filing Bankruptcy Face Bigger Challenges appeared first on St. Petersburg Law Blog.
Bankruptcy exemptions play a big role during bankruptcy proceedings and they have different effects on each chapter filed. In short, they help you protect property and assets, while helping to keep repayment plan payments affordable. Each state has exemptions at different levels and they are available at the federal level to provide additional protection. If [...]
Seattle area consumers who are now attempting to evaluate whether to keep their homes through either bankruptcy or modification or let the house go and take their chances on the rental market should keep in mind that rents will be rising in the Seattle area.
A recent report shows that apartment rents will rise almost three percent between September and March. In and of itself this would not be so horrible if Seattle rents had not already risen eight percent in the last year alone. When you consider that the average rent for a one-bedroom apartment is already $1802, the evaluation of whether to keep a home or at least put off the foreclosure process becomes even more difficult to wade through.
If you live in the Seattle area and want help evaluating whether to use Chapter 13 Bankruptcy as a tool for either keeping your home of extending your time in it, please call me directly at 206-674-4559 or set an appointment with us at our Seattle Office.
The original post is titled Keep in Mind Rising Seattle Rents When Evaluating Whether to Put off Foreclosure , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .
If you are thinking about contacting a bankruptcy attorney you probably have concerns about what to ask. You may be considering bankruptcy if you have been struggling to make payments on debt obligations. Talking with a qualified attorney can be a significant step toward gaining financial control, but at the same time, you want to [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 26, 2012 Arts & Minds founder says bankruptcy ‘means nothing’ for school Rhode Island city tries to crowdfund parks after pulling out of bankruptcy Belle Foods bankruptcy auction hopes to ring up high bids
Divorce and bankruptcy commonly go hand in hand. Many people wonder if one should be done before the other. While divorce is a common reason why people file bankruptcy, there are a few areas to review that may help you determine which one to do first and how to do it efficiently to help ease [...]
Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055. www.bublicklaw.com
Quality Engineered Installation, Inc. v. Higley S., Inc., 670 So.2d 929 (Fla. 1996) resolved a conflict among the Florida District Courts of Appeal and held that an award of prejudgment interest merges into and becomes part of a single total sum adjudged to be due and owing and as such the amount awarded for prejudgment interest, like all other components of the judgment, automatically bears interest as provided by section 55.03, Florida Statutes. The Florida Third District Court of Appeals, in Westport Recovery Corp. vs. Batista, 32 Fla.L.Weekly D2173 (Fla. 3rd. DCA 2007) applied the Quality Engineered decision and held that a writ of execution on a judgment had not been fully paid as the Sheriff had not collected postjudgment interest due on the awarded prejudgment interest. The Third District Court of Appeal also held that the Quality Engineered decision applies retroactively.Jordan E. Bublick is a Miami Personal Bankruptcy Lawyer with over 25 years of experience in filing chapter 13 and chapter 7 bankruptcies. Miami Personal Bankruptcy Lawyer Jordan E. Bublick has filed over 8,000 chapter 13 and chapter 7 cases.
If your federal student loan is in default, there are ways to get things back on track.
A defaulted federal student loan can leave you open to collection activities, not to mention that it can seriously impact your credit score.
Luckily, the federal government gives you some very good options for rehabilitating your student loans and getting your life back on track.
Here are the two major ways of rehabilitating.
Federal Student Loan Rehabilitation
You can rehabilitate your federal student loans by making 9 consecutive monthly payments over a 10 month period of time.
Your payment amount will be what is considered, “reasonable and affordable,” but that figure is largely up to your negotiations with the collection agency handling your federal student loan account. We’ve been successful in getting some excellent deals for our clients, but I’ve heard about lots of people who go it alone and end up with payments that are too high.
Once you’ve finished making your monthly payments, your loan will be considered in good standing.
Direct Loan Consolidation
You may also decide to consolidate your federal student loans as a way to rehabilitate them. You can do so if you agree to repay the loans under either the Income Contingent or Income Based Repayment Plan, OR make satisfactory repayment arrangements with the current loan holder.
Which Is Better, Rehabilitation Or Consolidation?
Both rehabilitation and consolidation will yield the same end result – a loan in good standing.
That said, there are benefits and drawbacks to going either way.
Credit Report Issue: If you consolidate a defaulted federal student loan, your credit report will show that the loan was in default before being paid in full. If you rehabilitate, however, the negative notation will be removed once you make your final rehabilitation payment.
Timing: Rehabilitation requires that you make at least nine (9) full payments of an agreed amount within twenty (20) days of their monthly due dates over a ten (10) month period. Consolidation, on the other hand, takes about 30-60 days to complete.
Which is more important to you, the speed of the process or the hit on your credit report? Best to sit down and figure it out together.
Every year there seems to be more cases of people concealing details about their assets in bankruptcy. Too many people are under the impression they will lose what they have to creditors when they file, and feel the need to hide it in order to protect it. Such actions are considered unlawful and you can [...]
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.