Posted by Walter Benenati | Bankruptcy
Bankruptcy. You hear the word more and more these days. Whether it is Puerto Rico flirting with filing bankruptcy in an effort to reorganize their debts or the rapper 50 Cent filing bankruptcy to protect himself from creditors – bankruptcy is in. And you know what is out? Or at least slowly evaporating? The stigma …
Posted by Walter Benenati | Bankruptcy
When you file bankruptcy, our office attends a Meeting of Creditors (341 Meeting) with you. We never hire outside counsel or a cover lawyer to attend. We appear with you. It is scheduled about 30 days after you file your bankruptcy. The hearing itself only lasts a couple of minutes. As each year that bankruptcy …
Posted by Walter Benenati | Bankruptcy, Pro Se
I recently spoke to a desk clerk at the bankruptcy court and she told me pro se bankruptcy filings are on the rise. Filing pro se is when you file without a lawyer helping you. Sometimes you pay less to a paralegal to prepare the documents. Sometimes they charge as low as $275. They may …
Continue reading "Filing Pro Se (Prose) in Bankruptcy Court in Orlando"
Posted by Walter Benenati | Bankruptcy
Google recently changed their algorithm to penalize mug shot websites. An interesting article by Moses and Rooth who are criminal attorneys in Orlando explained how these websites were affecting their clients. The article explained how these companies were charging money to remove your name from the site even if the cases were dismissed. We have encountered similar websites in …
Continue reading "Your Image Information & Reputation On The Internet"
Posted by Walter Benenati | Bankruptcy
The Federal Housing Administration will allow a bankruptcy debtor to get a mortgage backed by FHA in as little as one year after bankruptcy – if certain minimal criteria are met. The one-year timeframe also applies to short sales and even foreclosures This is yet another acknowledgment that the “stigma” of bankruptcy has been replaced …
Continue reading "Bankruptcy Shouldn’t Make You Less Creditworthy"
Posted by Walter Benenati | Bankruptcy, Chapter 7 Bankruptcy, Statute Of Limitations & Debt
Orlando, FL Attorney Works with Clients Dealing with Bankruptcy Statue of Limitations If you are like many Americans struggling to make ends meet, you may have already begun the process of declaring bankruptcy. Bankruptcy exists to help people deal with their debts, allowing them to discharge some debts and better manage others. There are many …
Continue reading "Statute Of Limitations & Debt Enforcement"
Posted by Walter Benenati | Bankruptcy
For many years, people have felt that filing for bankruptcy is the last resort before total financial ruin, and as such, was a humiliating process, one to be kept secret or hide from friends and neighbors. But all that is changing. Bankruptcy is no longer something to look down upon but is a viable, workable …
Continue reading "Filing For Bankruptcy Is No Longer A Stigma"
Posted by Walter Benenati | Bankruptcy, Chapter 7 Bankruptcy
Superbowl champion, quarterback terror, and perennial pro-bowler Warren Sapp has filed for bankruptcy in southern Florida, owing millions to creditors despite a six-figure monthly income. According to his filing, Sapp owes more than $6.7 million for child support, alimony and other debts. Football star owes $6.7 million, vs. $6.45 million in assets Makes $115,000 per …
Continue reading "NFL Great Warren Sapp Sacked in Bankruptcy Filing"
Posted by Walter Benenati | Bankruptcy, Chapter 13 Bankruptcy, Foreclosure Defense
When clients come into my office to file bankruptcy in Orlando or my offices in Kissimmee or Clermont, often times they ask me whether it is in their best interest to save their home. Usually, the home is several months behind in payments. And yes there is a particular kind of bankruptcy – a Chapter …
Continue reading "Should I Keep My House Or Let It Go In The Bankruptcy?"
Posted by Walter Benenati | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which heralded a major reform to the bankruptcy system in the United States. As the name implies, the BAPCPA had two main objectives: To prevent people in debt—individual consumers—from abusing Chapter 7 as a …
