Category: Bankruptcy
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Chapter 7 Bankruptcy Means Test Median Family Income Levels By State, as of November 1, 2023
As of November 1, 2023, the median family income levels for Florida have INCREASED, which generally benefits individuals who are in need of debt relief, as it typically makes it easier to qualify for chapter 7 liquidation bankruptcy. Below you will find the median family income levels utilized by the United States Trustee Program for…
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Breaking Bad: Bankruptcy Filings Rise 13%
According to the Administrative Office of the U.S. Federal Courts, bankruptcy filings, both personal and business, are on the rise. Bankruptcy filings are reported quarterly, with the most recent quarter being the third straight quarter of increased filings. The entire announcement from the Courts is included, below: Total bankruptcy filings rose 13 percent, and business…
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I surrender. Take my house. Actually, on second thought…
The Second District Court of Appeal issued an October 2019 opinion which bolsters creditors’ rights in the recently-developing interplay of federal bankruptcy law and Florida state foreclosure laws. Specifically, the opinion addressed the effect that a bankruptcy debtor’s surrender of collateral real property has on the debtor’s ability to defend a foreclosure. A Final Summary…