Posted by Walter Benenati | Benenati Bankruptcy
We all know the old saying that if something sounds too good to be true, it likely is. That saying could not ring more true when it comes to debt settlement companies. Many of our clients come to us with multiple credit card accounts, struggling to afford the minimum payments. Out of the blue, they …
Continue reading "The Pitfalls of Debt Settlement"
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The U.S. Bankruptcy Court for the Middle District of Florida announced in an administrative order issued on June 10, 2019, a program that will help borrowers who are struggling to pay their student loans receive relief as well as save their jobs and professional licenses. It is hard to believe that failure to pay student …
Read MorePosted by Walter Benenati | Benenati Bankruptcy
The American Bankruptcy Institute’s (ABI) Commission on Consumer Bankruptcy released its final report that included recommendations on improving the consumer bankruptcy system. Most importantly, are proposed changes to student loan debt in bankruptcy. The statistics do not lie. Among the Class of 2018, 69% of college students took out student loans, and they graduated with …
Read MorePosted by Walter Benenati | Benenati Bankruptcy
When someone is facing the possibility of bankruptcy, the idea of coming up with the money to ‘pay for bankruptcy’ can seem like a stretch. This dilemma struck a Harvard sophomore to come up with a seemingly ideal solution: An online tool that “generates your bankruptcy forms and gets them reviewed by a lawyer for …
Continue reading "The Dangers of “Do It Yourself” Bankruptcy Software"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
There are many myths surrounding bankruptcy, and as a bankruptcy attorney I have heard them all. But I can tell you that most of these are, in fact, just lies and misconceptions. Lies that are designed to scare people from getting rid of their debt and getting the financial help they so desperately need. Clients …
Continue reading "10 Common Bankruptcy Myths – Disproved!"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
If you are facing a financial crisis, applying for a personal loan may seem like a good option for getting out of debt. If you have already taken this route, you’re not alone. According to new data from the credit reporting agency, Experian, personal loans are the fastest growing category of consumer debt. Clients that …
Continue reading "Personal Loan Debt Reported as the Fastest Growing Consumer Debt in 2018"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
When it comes to debt, the effects of it do not discriminate. Struggling with debt is debilitating no matter what age you are. Living with the reality of not being able to afford necessities, let alone pay off mounds of credit card debt, can make you feel like you are drowning. More than ever, I …
Continue reading "Help for Seniors Struggling with Credit Card Debt"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Even though unemployment has been on the decline for some time, a recent report from the United Way of Florida indicates that nearly half of all Floridians struggle to make ends meet and afford their basic needs, including housing, food, transportation and childcare expenses. According to the most recent ALICE report from the United Way …
Continue reading "Nearly Half of All Florida Households Struggle to Make Ends Meet"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Your credit score is important if you want to be approved for a home mortgage or purchase a vehicle and qualify for a loan with a lower interest rate. However, for many Americans, it can be hard to maintain a good credit score. Experian, one of the major credit reporting agencies, has come up with …
Continue reading "Experian Offers a Way to “Instantly” Improve Your Credit Score"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
If you are in over your head in credit card debt, the chances are you are feeling overwhelmed. Now imagine receiving a letter or phone call, promising to reduce that debt, maybe even erase it for pennies on the dollar. We have all seen the commercials: “We have a secret the creditors don’t want you …
Continue reading "Understanding the Risks Associated with Debt Settlement"
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