What does Florida PIP Insurance Cover?
What does Florida PIP Insurance Cover? No fault-you can collect regardless of fault. This is generally collected under your own insurance policy even if you are not negligent. It covers your lost wages and medical expense subject to your deductible. New Florida...
IS A “CHARGED OFF” DEBT STILL COLLECTABLE?
If you have a debt that has been “charged off” this means that your original creditor has written your debt off their books. However, this DOES NOT mean that you are not responsible for the payment of the debt. Creditors often sell individual debts to third party...
Investment Property and Filing Chapter 13
During the height of the market, many people purchased investment properties that they could no longer afford. As a consequence, if the mortgage is not paid, the lender will initiate foreclosure proceedings. There are options available that will allow you to keep...
Am I required to Disclose my Car Accident to the Bankruptcy Trustee?
Your injury claim is an asset of the bankruptcy estate. It is very important to keep both your personal injury and bankruptcy attorney informed to best protect your interests. In both a Chapter 7 and Chapter 13 bankruptcy, if the claim arose prior to filing, you...
Married or Separated – How to file for Bankruptcy without your Spouse
Whether you are married or separated, you can still file for bankruptcy on your own. There is no requirement that your spouse file for bankruptcy. Chapter 7 or Chapter 13 Bankruptcy? If you are married and maintaining the same household, then the trustee will consider...
Can I re-assign Joint Debts to my Ex-Spouse in a Divorce?
Your divorce decree is a contract between you and your ex-spouse. This is completely separate from any contractual obligations you have with your mortgage lender or your credit card company. Therefore, if you have a joint debt, even though your divorce decree says...
Bankruptcy or Divorce, which should I do first?
It is common for a bad financial situation to spiral into marital discord. One spouse may incur a significant amount of debt, fail to work for an extended period of time, or does not consult the other spouse when making purchases on joint accounts. Divorce and...
How Chapter 7 & Chapter 13 Bankruptcy Affects Car Repossession
Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy can wipe out your obligation to pay the loan, but the lender can still retrieve the vehicle if you are not current on your payments. Chapter 7 Bankruptcy Car Repossession A Chapter 7 bankruptcy eliminates...
Possible Options for Eliminating Homeowners Association Fees
If homeowners association fees are causing you to consider bankruptcy, you must first consider whether or not you want to save your home or surrender your property. Surrender your property through bankruptcy If you want to surrender your property, the overdue fees you...
Car Accident – Must Treat within 14 Days or Lose your Benefits
You are legally required to have $10,000 in personal injury protection (PIP) benefits to drive a car in Florida. This coverage is meant to pay for your medical expenses if you have been involved in an automobile accident. The law requires you to seek treatment...
