One of the biggest misconceptions about bankruptcy is that if you make a “good income,” you automatically do not qualify. That simply is not true. In many cases, timing can make a major difference in whether someone qualifies for Chapter 7, what their payment may look like in Chapter 13, or whether filing now versus waiting a few months is the smarter financial move. This is exactly why hiring an experienced bankruptcy attorney matters. The Means Test Is Not Just About Your C

When people hear that they may have to repay 100% of their debt in a Chapter 13 bankruptcy, their first reaction is usually disappointment. “If I have to pay everyone back anyway, what’s the point?” But for many higher-income individuals and families, a 100% Chapter 13 plan can actually be one of the best financial restructuring tools available. Sometimes the problem is not that you lack income. Sometimes the problem is that despite making good money, you feel trapped in a fi

One of the biggest misconceptions homeowners have is believing that a homestead exemption completely prevents creditors from touching their home. That is not exactly how homestead protection works. In Florida, the homestead exemption is extremely powerful — but it is often misunderstood. Homestead protection generally prevents a creditor from forcing the sale of your primary residence to satisfy a judgment. However, that does not necessarily stop a creditor from recording a j

Many business owners assume that if an asset or bank account is titled in the name of their LLC or corporation, it is automatically protected if they personally file for bankruptcy. Unfortunately, that is often not the case. One of the most common and potentially costly misunderstandings I see in bankruptcy consultations is the belief that “my business owns it, not me.” While businesses can sometimes provide liability protection from outside creditors, bankruptcy law looks mu

The COVID-19 pandemic continues to wreck havoc on people's everyday lives, leaving them worrying not only about their family's health,...