When you file bankruptcy, our office attends a Meeting of Creditors (341 Meeting) with you. We never hire outside counsel or a cover lawyer to attend. We appear with you. It is scheduled about 30 days after you file your bankruptcy. The hearing itself only lasts a couple of minutes. As each year that bankruptcy filings decrease, the trustees (court appointed people to review your estate) become stricter. Trustees receive a percentage of what is administered as their compensation.
It is a common occurrence in my practice. An elderly couple, overwhelmed by credit card debt and dependent on a set income, ask to meet with me for a free bankruptcy consultation. For them, there is no light at the end of their dark, financial tunnel. They feel as if time is running out.
Bankruptcy. Sometimes the last resort is the best resort. There is a light at the end of everyone's tunnel. For example, a retirement pension/401K or IRA cannot be seized in a bankruptcy. Social security is also untouchable, as is a person's home.
Many of my clients are having problems paying their student loans. And for good reason – the proliferation of so called "schools" have dotted the landscape. If you are home during the day nearly every TV commercial is from some for profit school trying to earn government financial aid money AT YOUR EXPENSE. Most of these schools eat up your financial aid money and leave you with an "education" that can barely get you a job and saddled with student loan debt. Just because the name has school in the title does not mean it is serving your best interest.
I recently spoke to a desk clerk at the bankruptcy court and she told me pro se bankruptcy filings are on the rise. Filing pro se is when you file without a lawyer helping you. Sometimes you pay less to a paralegal to prepare the documents. Sometimes they charge as low as $275. They may advertise in the same places as a lawyer. All too often me and my clients share a wink at the bankruptcy court when we see one of these “pro se” filers getting grilled by the bankruptcy trustee here in Orlando. It is scary.
Google recently changed their algorithm to penalize mug shot websites. An interesting article by Moses and Rooth who are criminal attorneys in Orlando explained how these websites were affecting their clients. The article explained how these companies were charging money to remove your name from the site even if the cases were dismissed.
The Federal Housing Administration will allow a bankruptcy debtor to get a mortgage backed by FHA in as little as one year after bankruptcy – if certain minimal criteria are met.
The one year timeframe also applies to short sales and even foreclosures
This is yet another acknowledgment that the “stigma” of bankruptcy has been replaced by the “necessity” of bankruptcy.
Central Florida Bankruptcy Law Firm Helps Clients Understand Effects of Sequestration
It is an uncomfortable feeling to be uncertain about one’s future. For many Americans undergoing the process of filing for bankruptcy, uncertainty is very likely what they will be experiencing for some time to come. Sequestration, or the long-term cuts to different areas of the US Government, is most likely going to cause both court services and the resolution of civil and criminal cases to become delayed and backlogged, creating more stress in an already stressful situation.
Orlando, FL Attorney Works with Clients Dealing with Bankruptcy Statue of Limitations
If you are like many Americans struggling to make ends meet, you may have already begun the process of declaring bankruptcy. Bankruptcy exists to help people deal with their debts, allowing them to discharge some debts and better manage others.
For many years, people have felt that filing for bankruptcy is a last resort before total financial ruin, and as such, was a humiliating process, one to be kept secret or hide from friends and neighbors. But all that is changing. Bankruptcy is no longer something to look down upon, but is a viable, workable option for people who are having trouble making ends meet and paying their debts.
A recent case decision was handed down by the 11th Circuit Appeals Court which will make it possible to eliminate a person's second mortgage on an underwater property through bankruptcy.