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Boca Raton Bankruptcy Lawyers

Author Archives: Jay Butchko


Keeping Your Tax Refund In Bankruptcy

By Law Offices of Stephen Orchard |

For people in financial trouble, the promise of a receipt of a tax refund can be a lifesaver. Many rely on that money to pay essential bills or to afford things that they need in their everyday life. But if you file for bankruptcy, will you lose that tax refund? If so, are there… Read More »


Bankruptcy May Not Be As Bad For Your Credit As You Think

By Law Offices of Stephen Orchard |

One of the biggest concerns that people who file for bankruptcy have is whether and how the bankruptcy will affect their credit. Although bankruptcy is not great for credit, it is still a meaningful step on the path to better credit than you may currently have. How Long is Bankruptcy on Your Credit? As… Read More »


Will My Employer Know If I File For Bankruptcy?

By Law Offices of Stephen Orchard |

Although there is absolutely no shame or embarrassment in filing for bankruptcy, it is understandable that you may not want others to know you are doing it. Certainly some people–like close family–may be aware, but one person or entity that you may want to keep your bankruptcy from is your employer. Will your employer… Read More »


How Does A Creditor Become A Secured Creditor?

By Law Offices of Stephen Orchard |

Secured property gets special treatment in the law. Unlike with unsecured debts, with secured debts, the creditor can take back any property that secures the debt. Unsecured creditors, like medical debt, or credit card debt or pure monetary judgments, don’t get this kind of treatment. Certainly, some debts in bankruptcy are legitimately secured. These… Read More »


What To Know About Inheritances And Bankruptcy

By Law Offices of Stephen Orchard |

Even though you are filing for bankruptcy, there are some things that should be so special or so precious that they shouldn’t be taken in bankruptcy. One of those things is inheritance. Money or assets left to you by a loved one should be yours—after all, the loved one who left the property isn’t… Read More »


What Is A Cramdown In Bankruptcy?

By Law Offices of Stephen Orchard |

Let’s say that you own a piece of property that is worth $500,000. The problem is that you owe $700,000 on the property, making it $200,000 upside down (or with negative equity of $200,000). Assuming that you don’t want to keep the property, you can surrender it, and although the property will be taken… Read More »


When Will A Florida Court Consider Homestead Property To Be Abandoned?

By Law Offices of Stephen Orchard |

Florida has a strong bankruptcy exemption for homestead property. So long as property has been owned for a period of time before the bankruptcy is filed, and so long as the property is either less than ½ an acre, or 160 acres in designated rural areas, then it doesn’t matter how much equity you… Read More »


Contracts That Limit Or Take Away Your Bankruptcy Rights Are Not Enforceable

By Law Offices of Stephen Orchard |

If you sign a contract, especially one that involves the payment of money, one party may know that the party that has to pay money could discharge their debt in bankruptcy. Or, a party may know that if the other files for bankruptcy it could affect that party’s ability to fulfill their obligations under… Read More »


All About Cars And Chapter 7 Bankruptcy

By Law Offices of Stephen Orchard |

Bankruptcy is intended to give us a fresh start and allow us to be able to renew our financial lives. But that’s really hard to do without a car, especially in South Florida. What good is a bankruptcy, if you have no car when it’s over to get yourself to work and make money?… Read More »


Florida Bankruptcy Exemptions You May Not Have Known Existed

By Law Offices of Stephen Orchard |

In bankruptcy, the bankruptcy court can take a debtor’s property and sell it to satisfy debts owed to creditors. But in reality, for most debtors, property will never be taken because of exemptions. Exemptions allow a debtor to protect property from being taken by the trustee. Some exemptions are relatively well known in Florida…. Read More »

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