December 2013

The bank failures and housing bubble that spawned the economic slowdown of the late 2000’s also brought with it a rise in bankruptcy across the nation. In the past 12-18 months, most experts agree that the trend is moving away from business restructuring, but some industries are still suffering. Here’s a look at five trends […]

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It’s often puzzling to the general public how pop stars can make so much money just to end up broke like a regular Joe. Pop star Aaron Carter is the latest casualty of faulty finances, filing for Chapter 7 bankruptcy protection earlier this year. Although Aaron raked in more than “hundreds of millions of dollars” […]

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Consumers have three different ways to file for bankruptcy: Chapter 7, Chapter 11 and Chapter 13. These filings make sense for different individuals based on their circumstances, their ability to make payments or not, and the things they own. There are three ways you can resolve debt through bankruptcy court in Florida: Chapter 7 bankruptcy, […]

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What Happens When Your Spouse Files for Bankruptcy?

12/26/2013
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When a couple has joint accounts, both spouses are not required to file bankruptcy—one spouse can still file for bankruptcy as an individual. While the non-filing spouse’s credit score should not be affected by the other spouse’s bankruptcy, he or she may still benefit from speaking with a bankruptcy attorney. When you decided to become […]

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What You Need to Know Before You File for Bankruptcy

12/24/2013
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Filing for bankruptcy is like a trip back in time and a crime scene investigation rolled into one. This means that your actions prior to filing bankruptcy can have huge consequences, even if you had the best of intentions. Here are five bankruptcy don’ts that you need to know before you file. Don’t run up […]

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When You Feel You Can’t Afford to File for Bankruptcy

12/23/2013
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Some people who come see us for an initial bankruptcy consultation feel that they have been struggling with their debts for so long that they can’t afford to pay the attorneys fees and costs needed to file bankruptcy. In 2012 alone, it’s estimated that anywhere from 200,000 to 1 million consumers who could have benefited […]

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Bankruptcy Auction for the Versace Mansion in Miami

12/18/2013
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The fabled Versace mansion in Miami, Florida, was sold on September 17 for $41.5 million in a bankruptcy auction that attracted bidders including Donald Trump and the Florida developer who owns the Palm Beach Polo Club. Bidders had to sign a confidentiality agreement, including agreeing to a $3 million deposit and providing proof of funds […]

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The Top Five Reasons People Go Bankrupt

12/02/2013
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After the housing bubble of the late 2000s, a dramatic increase in bankruptcy filings occurred. The housing crisis hit the South Florida area especially hard, as well as other states that experienced a large amount of real estate investment and speculation. However, rising and falling markets generally aren’t to blame for most bankruptcies. Most bankruptcies […]

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Personally Guaranteed business debt? Don’t Worry – Discharge it in a Personal Chapter 7 Bankruptcy

12/01/2013

We consulted with a single woman who rented her home, and owned personal property valued at $2,186.41. Our client’s debt totaled $288,179.42, all of which was unsecured. The majority of the debt was comprised of business credit card debt and personal guarantees that she had incurred while owning a business that had recently stopped operating. […]

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Repurchasing Your Interest in Personal Property in a Personal Chapter 7 Bankruptcy

12/01/2013

We consulted with a divorced man who rented his home, owned a car that was worth $9,000.00, and owned additional personal property valued at $4,338.44. Our client’s debt totaled $288,179.42, and was 100% unsecured. It was mostly comprised of a deficiency on real property that he used to own that was sold in a foreclosure […]

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  Bankruptcy Attorneys

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  Fort Lauderdale, FL 33312
  Phone: 954-920-5355
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and would like to schedule a no-cost consultation, please contact our office by completing the form on this website,
calling us at 954-920-5355, or e-mailing us at info@lslawfirm.net.