Business Bankruptcy Options for Business Owners


Did you know that the average business lasts about ten years? When businesses reach this milestone, the owners must determine whether the company has a chance of surviving the next decade. It may be an option to file for bankruptcy, but this isn't always as bad as it sounds. When a business files for bankruptcy, [...]

Business Bankruptcy Options for Business Owners2022-07-21T06:07:33+00:00

Ready to start saving 10% of your income?


Ready to start saving 10% of your income? Need a Certified Financial Planner(“CFP”)? By Ryan J. Really  Attorney -Teacher- Veteran   There is so much to discuss about Certified Financial Planners (“CFP”) that cannot be covered in one article. Here is some background to help get you started in the “systematic savings” game. You can [...]

Ready to start saving 10% of your income?2022-10-26T12:22:09+00:00

How Does Bankruptcy Help You Handle Small Business Debts?


The coronavirus pandemic has decimated businesses nationwide. Unsurprisingly, small businesses are among the hardest hit. Many small business owners have chosen to close their doors rather than continue to struggle. Among those determined to stay in business, bankruptcy rates have gone up by around 40 percent.  Filing for bankruptcy can be a high-impact way to [...]

How Does Bankruptcy Help You Handle Small Business Debts?2021-05-18T08:18:27+00:00

Bankruptcy Options For Homeowners


Although a federal appeals court recently took away one of the options for homeowners in bankruptcy, a number of good alternatives exist for distressed homeowners looking for refuge. In Failla v. Citibank, the Eleventh Circuit Court of Appeals, which includes Florida, Georgia, and Alabama, ruled that homeowners who surrender their houses in bankruptcy cannot contest subsequent foreclosure [...]

Bankruptcy Options For Homeowners2021-03-05T16:01:21+00:00

Frequently-Asked Bankruptcy Questions


How will I know when I need to file bankruptcy? You will be overwhelmed by debt and unable to reduce your debts at a reasonable pace.  You may have lawsuits filed against you, and garnishments against your wages, tax refunds, and even bank accounts. Your assets may be threatened with seizure. You may have a [...]

Frequently-Asked Bankruptcy Questions2020-05-21T18:49:25+00:00

Chapter 7 Bankruptcy in a Nutshell


Bankruptcy laws provide individuals with two main avenues to debt relief: Chapter 7 and Chapter 13. Chapter 7 bankruptcy, also called liquidation or straight bankruptcy, is the type of bankruptcy filed by most people. Chapter 7 bankruptcy discharges or eliminates the most common types of debt that cause problems for consumers such as credit card [...]

Chapter 7 Bankruptcy in a Nutshell2020-04-24T18:33:57+00:00

What to Know About Florida Bankruptcy Exemptions


As in many states, Florida employs a list of exemptions that can protect your property when you file for bankruptcy. Which bankruptcy chapter you file under, either Chapter 7 or 13, will determine what happens to any nonexempt property you hold. Under Chapter 7 bankruptcy, a bankruptcy trustee will sell all nonexempt property and distribute the profits to creditors. [...]

What to Know About Florida Bankruptcy Exemptions2020-03-27T20:38:11+00:00

Does Bankruptcy Eliminate All of My Debts?


For many people, discharging debt is a primary goal of bankruptcy. However, you may be wondering, “Does bankruptcy clear all debt?” The answer is, it depends. Read below to learn more about what types of debt can be eliminated in bankruptcy. For more information about your specific situation, contact Ryan J. Really, Attorney at Law, PLLC. [...]

Does Bankruptcy Eliminate All of My Debts?2020-02-28T21:55:13+00:00

Payday loans may actually trap people in debt


A recent report by the U.S. Consumer Financial Protection Bureau said that most people who depend on payday loans tend to end up paying more than they borrowed initially, because of the loans' high interest rates. Richard Cordray, director of the Consumer Financial Protection Bureau, mentioned that payday loans can become "debt traps" for the people [...]

Payday loans may actually trap people in debt2014-04-03T17:45:17+00:00

Country singer files for bankruptcy


Country singer Eddie Montgomery, of the Montgomery Gentry duo, recently filed for Chapter 7 bankruptcy. According to the filing, Montgomery had $13.4 million in liabilities and only $1.9 million in assets. Montgomery's financial troubles stem from his failed Harrodsburg restaurant. Additionally, his finances were hurt by his recent divorce from Tracy Nunan. Montgomery's attorney confirmed [...]

Country singer files for bankruptcy2014-01-07T20:00:58+00:00

Former teen sensation Aaron Carter files for bankruptcy


Aaron Carter, a famous teen singer, recently filed for bankruptcy due to an accumulated a debt of more than $2 million, an article from CNN stated on Friday, November 22. Carter, who stated in his bankruptcy petition that he is already broke, owed a debt of $1.3 million to the Internal Revenue Service, which accrued [...]

Former teen sensation Aaron Carter files for bankruptcy2013-12-01T17:15:02+00:00

Rapper DMX’s bankruptcy case thrown out


A federal judge threw out the bankruptcy case of rap artist DMX on Friday, November 8 after he was cited for being non-compliant throughout the legal process. Bankruptcy Court Judge Robert Drain dismissed his petition for Chapter 11. The 42-year-old rapper, whose real name is Earl Simmons, is set to lose his personal properties after he [...]

Rapper DMX’s bankruptcy case thrown out2013-11-17T22:34:18+00:00

Simon Webbe of “Blue” files for bankruptcy


Simon Webbe is the second member of the British R&B music group "Blue" to declare bankruptcy this year. Although he filed for bankruptcy at London's High Court last September, the news was just recently revealed to the public. Webbe said that recent financial problems have prompted him to finally declare bankruptcy. Before Webbe declared bankruptcy, his [...]

Simon Webbe of “Blue” files for bankruptcy2013-11-05T21:13:32+00:00
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