How Loss Mitigation Can Help Homeowners in Tough Times
It’s no secret that bills are getting more and more expensive. Insurance, electricity, groceries, and more keep climbing with little end in sight. With such an increase in costs of […]
Engaging With an Attorney Early Can Eliminate Stress Later
As prices continue to rise, more and more homeowners are looking at a bleak reality when it comes to their mortgage, particularly in Central Florida. A recent report by Attom […]
Should You Consider a Home Equity Investment in Florida?
A new kind of financing tool is growing in popularity, allowing homeowners to tap into the equity of their home without monthly payments or interest rates. Instead, the home equity […]
The Risks and Rewards of Home Equity Investments
Imagine being able to tap into the equity of your home without any payments or interest. It sounds too good to be true, right? In today’s financial marketplace, there are […]
Budget Busted from the Holidays? Let’s Work to Clear Those Debts
Even before the holidays, credit card defaults were rising significantly. A June 2024 report showed that the year was on track to have the highest default rate in more than […]
Worried About EIDL Loan Payments? Let Us Help
Now that we are a couple of years past the closings and widespread quarantines of the COVID-19 pandemic, businesses across the country are starring down high loan payments to the […]
Relief May be Coming for Your Student Loans
For the past couple of years, student loans have been in the political hot seat. The Biden Administration and many consumer rights advocates have long said student loans were a […]
Student Loan Forgiveness
The Ins and Outs of the Association Collections Process
Are credit reporting agencies still reporting medical debts?
You may have heard that credit reports are no longer reporting medical debts. After reviewing the report put out by Transunion, it appears this isn’t exactly correct. Like many Americans […]
Why Waiting to File for Bankruptcy Could Cost You
Bankruptcy is a bad word, but it doesn’t have to be, and it shouldn’t scare us. We at The Orlando Law Group believe in breaking the bad connotations these words […]
Bankruptcy Could Offer You A Way Out
There is no question that the U.S. has a financial problem. The statistics are indisputable. Americans carry an average personal debt of over $90,000. Many times, it’s through no real […]
How Extensions in the CARES Act can Help Hurting Homeowners
COVID-19 has changed our lives as well as our livelihoods. Income sources have taken a massive hit, and with that, rules are having to change, deadlines are having to be […]
What to do now if there’s a chance of future bankruptcy
Filing for bankruptcy is on the minds of many people right now. For some, it’s clear that the only solution available to free them from financial hardship is bankruptcy. For […]
The Paycheck Protection Program Has Run Out of Money. What now?
It seemed extremely promising. The Paycheck Protection Program was the cornerstone of the federal government’s stimulus package designed to assist small businesses and their employees during this unprecedented shutdown and […]
Is Your Income Affected by Coronavirus? Here’s Where to Start.
With the Coronavirus, there has come a massive influx of change into our daily lives. Our health is, as always, our top priority. Although the Center for Disease Control is […]
How to Postpone or Reduce Student Loan Payments
By Attorney Sophia Dean The Student Debt Crisis in Numbers There are various reasons which prevent people from being able to make their student loan payments. As of 2019, Americans […]
What happens to student loans in Chapter 13 bankruptcy?
The phrase “student loans” strikes fear in the hearts of most people nowadays. Many are facing high payments coupled with employment that doesn’t pay as expected or as the student […]
Bankruptcy Might Not Be as Difficult as You Think
How Bankruptcies Work By definition, bankruptcies are legal and financial arrangements designed to provide a person or business with temporary relief from their debt. The bankruptcy gives the individual or […]
How Does Bankruptcy Affect Child Support Payments?
Couples fight about money. It happens in almost every relationship. Fighting over financial matters can lead couples to enter into the divorce process. Subsequent to a divorce, alimony and/or child support payments may be mandated by the court. But what happens to those domestic support obligations when the ex-spouse charged with paying them files for bankruptcy?When someone files for bankruptcy, they might believe that all financial obligations will be wiped away. While bankruptcy is a powerful tool that aids in debt relief from creditors, this process does NOT apply to obligations of alimony and child support. This was well defined in a 2005 law, titled “The Bankruptcy Abuse Prevention and Consumer Protection Act” (BAPCPA). This law altered the relationships between debtors and creditors and changed many aspects of bankruptcy law, including how a domestic support obligation is the be handled.
What is Cram Down in Chapter 13 Bankruptcy?
A Cram Down in a Chapter 13 bankruptcy allows you to reduce the principal balance of a debt to the value of the property it is secured by. You may […]
How Can You Tell When and If it’s Time to Declare Bankruptcy?
How can you tell when and if it’s time to declare bankruptcy? Some signs that that may be something you need to think about are: You are only able to […]
Chapter 13 Bankruptcy and Mortgage Modification
What are your options if you cannot afford your current mortgage payment and you are a Chapter 13 debtor? Well, you can surrender your home or you can try to […]
Do Married Couples Have to File Bankruptcy Jointly?
No. Just because you are married doesn’t mean you have to file a joint bankruptcy. If one spouse has the majority of debt in his/her name, just that spouse can […]
What to Avoid Before Filing for Bankruptcy
If you are considering filing bankruptcy, there are a few transactions you should avoid so you do not have any complications with receiving your discharge. Credit cards and cash advances: […]
What is a Meeting of Creditors?
After the debtor files either a Chapter 13 or Chapter 7 bankruptcy, the debtor will receive notice of when the first meeting of creditors is scheduled. The first meeting of […]
How Does Bankruptcy Affect My Credit Score?
Many people worry that if they file bankruptcy they will ruin their credit. It is true that a bankruptcy will remain on your credit for up to 10 years. However, […]
Should I File a Chapter 7 or Chapter 13 Bankruptcy Petition?
Consumers generally file either a Chapter 7 or a Chapter 13 bankruptcy. Some people wrongly believe that a Chapter 7 bankruptcy is the best way to go, but that is […]
Your Inherited IRA’s are Not Protected from Creditors
In a major decision, the Supreme Court ruled in June 2014 that inherited IRAs are not considered protected retirement funds—and are thus subject to creditors’ claims if the beneficiary files […]
How Bankruptcy Affects Child Support
Money is the root of all evil. That’s how the old saying goes. Sometimes fights about money or money problems can be a factor in why couples get a divorce. […]
What Happens If I Stop Paying My Credit Card Bills?
Unfortunately, many people are finding that they are unable to pay their monthly credit card bills. This is not a surprise in today’s economy. Many people have lost their jobs […]