Tag Archives: Bankruptcy
What Chapter Of Bankruptcy Is Right For Me?
This is one of the more difficult questions to answer when bankruptcy may be a viable solution. The first step in the analysis is the means test, which calculates the debtor’s gross annual income based on a projection using the past six months of income. We then compare the debtor’s gross annual income to… Read More »
Protecting A Child’s Car In Bankruptcy
Often, mostly for insurance purposes, a parent will put their child’s car in their name alone, or jointly with their child. What happens when the parent decides bankruptcy is a good option? How can we protect the “child’s car” when the parent files Chapter 7 or Chapter 13? Florida Statute 222.25(1) provides the debtor… Read More »
What Is Chapter 13 Bankruptcy?
What is a Chapter 13 Bankruptcy? What do I need to know? What are some common misconceptions about Chapter 13 Bankruptcy? Listen as Shawn Yesner of Yesner Law dispel 3 of the most common myths surrounding Chapter 13 bankruptcies in Tampa, FL. Of course you can always learn more by visiting our series of… Read More »
Student Loan Debt & Bankruptcy
Since high school, I knew that I wanted to be an attorney. I have been out of law school for 15 years, and still have another 15 before my student loans are paid off; making my student loans on par with a home loan. The one difference is that there is no collateral for… Read More »
Top 7 Things To Consider When Filing Bankruptcy
Prospective clients are often intimidated by the thought of filing bankruptcy, and with the volumes of myth, misinformation, and misunderstanding their fears are understandable. However, armed with the right questions and the correct information, liquidation or reorganization is a great tool to help people struggling to pay debt or affected by a major life… Read More »
Bankruptcy And Wells Fargo
Bankruptcy And Wells Fargo, A Bad Mix Each night, as we sleep, Wells Fargo combs the Federal electronic database of all new bankruptcy filings from the day before. When the bank finds that its customer has filed Chapter 7 bankruptcy, Wells Fargo will note the client as being in “bankruptcy status” and freeze the… Read More »
Pros & Cons Of Filing Bankruptcy
One of the questions asked most often by clients relates to the pros and cons of filing bankruptcy. This question is both difficult to answer and based largely on the specific facts and circumstances of the individual considering bankruptcy as an option. Accordingly, we’ve created the following table. Filing Bankruptcy Comparisons Chapter 7 Pros… Read More »
Bankruptcy And Foreclosure
Homeowners facing foreclosure due to difficulties making mortgage payments need not feel alone or helpless. Current economic conditions are forcing many once wealthy individuals into debt. Current trends within Florida show bankruptcies on the rise. In other words, individuals faced with the threat of bankruptcy and foreclosure should not feel ashamed of their economic… Read More »
