Studies have shown that arguments over money play a major role in why couples divorce. Financial stress can be overwhelming The stress of not being able to make ends meet can be overwhelming. Even happily married couples begin to feel the strain when a job is lost, medical bills accumulate or other financial troubles occur. […]
The thought of losing your home can be devastating. If you are facing a foreclosure action, it is important to seek legal assistance and learn what your options are for dealing with it. One option you may want to consider is filing a Chapter 7 or Chapter 13 bankruptcy. Many bankruptcies are filed by homeowners […]
If you are past due on your home loan payments, you are considered to be in default and the mortgage lender has the right to foreclose on your home. Your lender will typically send you notice of your default and the lender’s intent to accelerate the total amount due on the loan if you do […]
Unfortunately, divorce and bankruptcy seem to go hand-in-hand. Finances are a leading contributor to divorce Financial stress is a leading contributor to many divorces. If you are facing this situation, you are likely wondering if you should file bankruptcy before you file for divorce or vice-versa. The answer depends on your unique situation. If you […]
Paul A. Pysczynski, a former Sarasota bankruptcy attorney, has been charged with seven felony charges related to an alleged loan modification scam. Pysczynski was retained by several homeowners for assistance with consolidating or reorganizing debt. However, instead of providing the legal services, Pysczynski left town with more than $80,000 of his clients’ money. The charges […]
If you have filed for bankruptcy protection under Chapter 13, you have committed to making monthly payments to the trust to fund your repayment plan. How long does a chapter 13 bankruptcy last? A Chapter 13 plan lasts for three to five years, so many changes in your life can occur during this time. What […]
All debtors are required to attend a meeting of creditors, as required by Section 341 of the Bankruptcy Code. It is normal for you to feel nervous about appearing before the trustee and your creditors to answer questions under oath about your finances, but a seasoned bankruptcy attorney will make sure you are fully prepared […]
If you are considering filing an individual Chapter 7 or Chapter 13 case, it is important to understand all of the pros and cons associated with bankruptcy. How will my credit score be impacted by bankruptcy? One of the primary concerns debtors have is how it will impact their credit score. The answer differs for […]
When a corporation seeks bankruptcy protection, there are privacy concerns. The courts have recognized that a company has the benefit of the attorney-client privilege with its corporate attorney. This means that your company’s communications with its lawyer are protected and will remain confidential. Chapter 7 or Liquidation Bankruptcy When a corporation files for bankruptcy protection, […]
Many individuals believe that a Chapter 7 or 13 is the only bankruptcy relief available to them. However, a Chapter 11 isn’t only used for corporate restructures, it can allow an individual debtor to take advantage of a meaningful debt restructuring as well. When to Consider Chapter 11 You may be ineligible to file a […]
