Miami Bankruptcy: Key Questions to Ask if You’re Considering Bankruptcy, Part Two

In our previous blog entry, we identified several important questions to consider while determining whether or not bankruptcy makes sense for your situation. We’ll provide answers to several more of those questions today. Please contact us today if you’d like to learn more! Will a bankruptcy make it impossible for me to get credit in the future? Even though a bankruptcy goes on your credit history, it may not make matters worse. If you’ve been ...
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Miami Bankruptcy: Key Questions to Ask if You’re Considering Bankruptcy, Part One

Bankruptcy is a scary word, but if you are facing financial distress, it can actually be your best friend. In this blog entry and the next, we’re going to highlight key questions to consider regarding bankruptcy. Please give us a call if you’d like to discuss this further. Which form of bankruptcy makes the most sense for me? You’ll need to decide between Chapter 7 and Chapter 13. A major factor is whether or not you’re behind on house payments, ...
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Miami Bankruptcy Law: Chapter 7 versus Chapter 13

Many people use the term “bankruptcy” as if it has only one form, but in reality there are four different types of bankruptcy: Chapter 7, Chapter 11, Chapter 12, and Chapter 13. The names come from the chapters in the United States Bankruptcy Code in which each bankruptcy type appears. Individuals are most likely to utilize either Chapter 7 or Chapter 13 bankruptcy. It’s important to understand the differences between these forms of bankruptcy, ...
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Florida Bankruptcy: Understanding the Basics

If your debt levels have become overwhelming, our legal system offers a solution: bankruptcy. In this blog entry, we’re going to examine some of the basics of bankruptcy law here in Florida. In bankruptcy, the debtor (the individual or couple in financial distress) seeks to obtain a discharge, which means that outstanding debts don’t have to be paid. One benefit of beginning this process is that once the bankruptcy is filed, creditors can no ...
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Florida Real Estate Law: How the Short Sale Process Works

A short sale is never a pleasant process. You’re losing your house. Not only that, but you’re dealing with a confusing process at a time when you’re emotionally drained anyway. If you or someone you know is facing a short sale, we hope we can help by shedding some light on the process. The specifics will vary depending on the lender and the details of the borrower’s financial situation, but this will give you a basic idea of what to ...
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Florida Real Estate Law: Understanding the Short Sale

If you’re having trouble making your mortgage payments, you’re not alone. The troubled real estate market has left millions of homeowners unable to afford their housing payments, and even worse, owing more money on their homes than they are worth. (A condition known as being “underwater” on your mortgage.) A homeowner in this situation will often end up having their home foreclosed on. Unfortunately, foreclosure results in a significant hit to ...
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Facing Foreclosure: Understanding the Basics

Foreclosure is something that no homeowner wants to experience. However, should you find yourself faced with foreclosure, it is critical that you understand the process. In today’s blog post, we’re going to break down the basics. Please contact us immediately if you’d like to learn more, or if you’d like assistance with your specific situation. A foreclosure is a lawsuit filed by a mortgage lender when it hasn’t been receiving payments on a ...
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Facing Foreclosure: What Are Your Options?

Are you facing foreclosure? Unfortunately, here in Florida you aren’t alone. The state of Florida, and Miami-Dade County in particular, regularly leads the nation in foreclosure activity. It’s important to understand that you do have options. In this blog entry, we’re going to explore several ways in which you may be able to avoid foreclosure. This is general advice - if you’d like advice specific to your situation, please contact us today to ...
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RULE 2004 EXAMINATION FLORIDA

Many bankruptcy Clients are interested in understanding what exactly a 2004 Examination is. While a bankruptcy case is pending, any person with an interest to your bankruptcy mayinvestigate items relating to your bankruptcy. When this type of investigationis needed, a 2004 Examination will be scheduled.  A 2004 Examination allows any parties with an interest to the estate of bankruptcy to testify and/or produce additional documents. A party with ...
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NON-FORECLOSURE SOLUTIONS TO THE FORECLOSURE CRISIS IN FLORIDA AND THE U.S., THE NUMBERS

Joint efforts between the private and public sectors has resulted in eight (8) million non-foreclosure solutions completed for at-risk  families since 2007 throughout the country. Throughout these years Florida has been one of the hardest hit states in regards to the foreclosure crisis. According to HOPE NOW, a voluntary alliance of mortgage servicers, investors, mortgage insurers, and nonprofit housing counselors, over the last six years, the ...
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