Browse through our Bankruptcy Video FAQ for the answers to the most common bankruptcy questions. Click the ‘tags’ dropdown to browse through the different categories.

June 22, 2017
Are there tax consequences if my property is foreclosed?

Are There Tax Consequences if Property Forecloses?

June 22, 2017
homestead houses foreclosure

Are homesteaded houses protected in bankruptcy?

Our Professional Answer: Under Florida law, Homestead Exemption that’s applied to your house, gives you relief from any creditors attempting to attach your house. What that means in bankruptcy is that your home is completely protected […]
June 22, 2017
are non-competes legal

Are non-competes legal?

Our Professional Answer Non compete agreements are a pain in the neck for everyone except the employer. Unfortunately, in Florida, they’re legal, unless you live in California where they’re severely restricted. Most states do enforce non […]
June 22, 2017
file bankruptcy

Can I file for bankruptcy if I haven’t paid taxes for the last few years?

Our Professional Answer: If you haven’t filed taxes for the last few years you can still file for bankruptcy. There’s no specific requirement that you’ve paid your taxes. You do have to file your tax returns, […]
June 22, 2017
chapter 11 obtain bankruptcy

Can businesses in Chapter 11 bankruptcy still obtain credit?

Our Professional Answer: In a Chapter 11 bankruptcy, you’re still operating, and that means that you still may need to obtain credit. The difference in Chapter 11 is before you can be granted credit by a […]
June 22, 2017
chapter 13

Can I convert from a Chapter 13 to 7?

Our Professional Answer: If you’ve filed a chapter 13 and you find that you’re unable to pay your payment plans or you’ve lost your job and you no longer have the income to support your plan […]
June 22, 2017
medical bills bankruptcy

Can I discharge medical bills in bankruptcy?

Our Professional Answer: A medical bill in bankruptcy is treated like any other unsecured debt. You can discharge a medical bill like you can discharge a credit card, a mortgage or a loan. Every debt you […]
June 22, 2017
Can I get credit after bankruptcy?

Can I get credit after bankruptcy?

Our Professional Answer: One of the things that will really surprise you when you file bankruptcy and receive your discharge, is the number of offers of new credit you will receive. From a creditor’s perspective, you […]
June 22, 2017
chapter 7

Can I convert from a Chapter 7 to 13?

Our Professional Answer: If you’ve filed a chapter 13 and you find that you’re unable to pay your payment plans or you’ve lost your job and you no longer have the income to support your plan […]