Our Professional Answer Well, homes are generally protected by the Homestead Exemption in Florida if you filed. If you haven’t paid your mortgage, the mortgage lender can foreclose on your home, even if you file bankruptcy. […]
Our Professional Answer When you file for bankruptcy, the day of filing, a thing called the automatic stay goes into effect. What happens is when it’s in effect, meaning, you got a case number and your […]
Our Professional Answer Under the federal bankruptcy exemptions and under all state bankruptcy exemptions, qualified retirement funds are completely exempt. IRAs, 401(k)s, qualified retirement plans. These are all exempt under the bankruptcy code and state law. […]
Our Professional Answer Bankruptcy is a very powerful tool. A Chapter 7 bankruptcy requires that you list all of your assets and you must be completely forthright. Doing so, allows us to properly exempt everything that […]
Our Professional Answer Bankruptcy will stop 100% of wage garnishments. Where there’s a wage garnishment, we’re going to have to let the people that are garnishing your wages to know about it. There’s no question that […]
Our Professional Answer: Bankruptcy does not typically remove a lien, unless that lien has been recently filed. Typically, within 90 days of the bankruptcy filing itself. In which case, we will have to file what is […]
Our Professional Answer A bankruptcy will keep a creditor who has not received a judgment from getting one. That will be like any others in your bankruptcy. If a creditor has received a judgment, but […]
Our Professional Answer After you file a bankruptcy, the process is usually very predictable. If you file a Chapter 7, there is a 341 meeting with creditors with the trustee about a month later. Typically, within […]