Every year, thousands of consumers face legal action for allegedly failing to repay a debt. So, who is suing? Everyone. American Express. Discover Bank. Bank of America. Capital One. These lawsuits are quite common. Then you have lawsuits from debt purchasers, like Portfolio Recovery, Midland Funding, CACH LLC, LVNV Funding, Cavalry SPV, and the list goes...
As reported on WFTV9 The city of Orlando and nearby Kissimmee are facing a financial storm unlike any other. With rising living costs and mounting debt, many residents are finding it harder than ever to make ends meet. From credit card bills to overdue payments, the financial pressures on local households have led to a...
Bankruptcy is a legal proceeding filed in federal court and available to those who cannot repay their debts. It offers individuals and businesses a fresh financial start. A bankruptcy petition may be filed by an individual, by spouses together, or by a corporation or other entity. Upon filing for bankruptcy, debtors are protected by the...
An alternative to bankruptcy always sounds enticing to consumers. “Don’t file bankruptcy,” warns every debt settlement company on the TV, radio, and internet, feeding that desire. With names like Freedom Debt Relief and National Debt Relief, they sound welcoming. But instead of paying your debt, these companies want you to start paying them, often for...
Right now, one of the largest base of clients are contacting us to determine if they can wipe out their SBA loans. The government was giving out these SBA loans and PPP loans during the time when many business were shut down due to Covid. We have been successful at wiping out these debts and...
Continue reading " How Are SBA, EIDL, and PPP Loans Treated in a Bankruptcy?"
Filing bankruptcy is a last resort when you are dealing with huge amounts of debt you cannot repay. Still, bankruptcy can also provide you with the clean slate you need, while also giving you a respite from the constant debt collection calls. Before you file, it is important to understand the process, as well as...
Fantasy sports and online sports betting are big business. It is estimated that 56 million players participate in fantasy sports leagues, which generates an annual revenue of $1.5 billion. Chances are, you or someone you know is involved in fantasy sports. By 2020, more than half of sports betting was done online with a credit...
Continue reading " The Rise of Online Sports Betting and How Gamblers are Turning to Bankruptcy"
Bankruptcy provides a great way to discharge your debts and get a new start in your financial life. However, many people considering bankruptcy do not entirely understand how the process works. Unfortunately, getting your debt discharged is not as simple as filling out some forms and waiting to hear the court’s decision. If you have...
Continue reading " Things to Know Before You File Bankruptcy"
Clients always tell me that the biggest fear they have when considering filing for bankruptcy is they will never be approved for credit, again. Whether it be buying a home, a car, or something as simple as opening a new credit card account. The good news is a bankruptcy case gives you a clean financial...
Continue reading " Can I Get Credit Cards After Bankruptcy?"
Your credit cards are maxed out, bill collectors will not stop calling, and you are behind on your mortgage payments. Your finances have been upside down for months, and no matter what you do, you can’t seem to dig your way out. When you are struggling financially, the idea of filing for bankruptcy with absolutely...