Monthly Archives: June 2022
Bankruptcy And Home Owners Insurance Claims
When you file for bankruptcy, all of your property that is not otherwise exempt, may be taken by the bankruptcy court. Thankfully, most people’s property is almost always exempt—and if it isn’t there is always the option of filing Chapter 13 bankruptcy, where you won’t lose your property. Contingent Assets But what many people… Read More »
Will Creating A Trust Protect Property From Bankruptcy?
There are a lot of creative ways to protect your assets from creditors, or even from being taken by a bankruptcy court. One way that you may hear advertised, is to put all your money or property into a trust. Then, the logic goes, the property is owned by the trust and not you,… Read More »
What Causes People To File For Bankruptcy?
There are a lot of misconceptions about bankruptcy, but one prevailing one, is that people who file for bankruptcy are somehow irresponsible, or that they cause their own financial problems. However, that is not what the research bears out. In fact, more and more research and studies show that bankruptcies are most often the… Read More »
Which Bankruptcy Exemptions Will You Be Able To Use?
Florida has very generous bankruptcy exemptions. If you live in Florida, you get the benefit of all those exemptions, right? Well, the answer is a bit more complex than that, because there are residency requirements that you must meet first, before you can qualify to take advantage of Florida’s bankruptcy exemptions. Choosing Exemptions As… Read More »
