Category Archives: Bankruptcy

Bankruptcy Is Trending

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...

Don’t Be A Fool

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...

Your Image Information & Reputation On The Internet

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...

Bankruptcy Shouldn’t Make You Less Creditworthy

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...

Filing For Bankruptcy Is No Longer A Stigma

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...

NFL Great Warren Sapp Sacked in Bankruptcy Filing

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...

Bankruptcy Law: What You Need to Know

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...