Clients come in every day who are overwhelmed with debt for reasons which were beyond their control. Some clients have huge medical bills following an unforeseen illness or injury, and others may have had to live on credit cards to feed their family after they were suddenly laid off. In life, situations like this come up all too often. Clients who are good, hard-working individuals experience some bad luck which leaves them facing serious financial hardship! This is when a Ch

Generally speaking, folks can usually keep their vehicles when filing for bankruptcy in Florida. The primary factor that is examined by the court is how much “equity” you have in your car. Equity is the amount by which the fair market value of your car exceeds any vehicle loans that are owed. Example: Joe’s car has a fair market value of $45k. Joe also has an outstanding car loan for $43k. Therefore, Joe has $2k equity in his car. Once your attorney determines the amount of e

Nonpurchase-money loans (NPM loans) occur when a business loans you money and in exchange, they have you list various pieces of property (TV, furniture, stereo, jewelry, etc.), that you already own, as security or collateral for the loan. Additionally, they charge you an extremely high interest rate on the loan (i.e. “legal loan shark”)! Since you’ve listed property as collateral for this loan, it then becomes a “secured” loan and the lender has a lien against the property yo