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Fleysher Law Blog

Non Exempt Assets Chapter 7
By: Emil Fleysher | February 6, 2025 | Bankruptcy
When filing for Chapter 7 bankruptcy, many individuals hope to keep some of their property. However, not all assets are protected under bankruptcy law. Non-exempt assets are those that may be sold to pay off debts. Fleysher Law Bankruptcy & Debt Attorneys help you know which assets may be sold and which are protected. We
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What Is a 341 Meeting?
By: Emil Fleysher | | Bankruptcy
What Is a 341 Meeting of Creditors? A 341 meeting is a required part of the bankruptcy process. It’s where the bankruptcy applicant meets with the bankruptcy trustee and creditors. This meeting allows everyone to ask questions about the bankruptcy filing. Fleysher Law Bankruptcy & Debt Attorneys help you prepare for your 341 meeting. We
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How Is Chapter 13 Payment Calculated
By: Emil Fleysher | | Bankruptcy
If you’re filing for Chapter 13 bankruptcy, it’s important to understand how your monthly payments are calculated. The amount you’ll pay each month is based on your income, expenses, and the type of debts you owe. These payments are made to a bankruptcy trustee, who will then distribute the funds to your creditors. Fleysher Law
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Consequences of Bankruptcy: What You Need To Know Before You File
By: Emil Fleysher | December 5, 2024 | Bankruptcy
Filing for bankruptcy is a significant financial decision that can provide relief during difficult times. However, knowing the benefits and challenges of the bankruptcy process is essential. Bankruptcy can help you manage overwhelming debt, but it also carries consequences that may affect your financial future. Learning about these effects can help you make an informed
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What Is a Bankruptcy Trustee?
By: Emil Fleysher | November 5, 2024 | Bankruptcy
A bankruptcy trustee is crucial in managing a debtor's bankruptcy estate. When someone files for bankruptcy, the court appoints a trustee to oversee the process. The trustee ensures that assets are properly handled and creditors are paid based on bankruptcy laws. In both Chapter 7 and Chapter 13 bankruptcy cases, the trustee's role differs but
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How Does Chapter 7 Bankruptcy Affect My Tax Return?
By: Emil Fleysher | October 2, 2024 | Bankruptcy
Filing for Chapter 7 bankruptcy can lead to many questions, especially regarding how it will impact your taxes and tax returns. Understanding these implications is crucial as they can significantly affect your financial recovery and future planning. Chapter 7 bankruptcy offers a fresh start for those overwhelmed by debt but also involves carefully considering your
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Bank Account & Wage Garnishment in Florida: Rules, Exemptions, and Bankruptcy Solutions
By: Emil Fleysher | September 18, 2024 | Bankruptcy
Knowing your rights and options can make a significant difference in your financial future, whether you're facing wage or bank account garnishment. Facing wage garnishment or bank account garnishment can be a daunting experience for anyone struggling with financial difficulties but especially so for people living month-to-month.  In Florida, creditors have specific legal avenues to
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What Recent Transplants Need to Know About Filing for Bankruptcy in Florida
By: Emil Fleysher | September 10, 2024 | Bankruptcy
Moving to a new state brings a whirlwind of changes, and for those considering bankruptcy, understanding the specific laws and exemptions in their new state is important. If you've recently relocated to Florida and are contemplating bankruptcy, there are important differences in the process compared to states like New York, New Jersey, California, Ohio, and
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When is Bankruptcy Better than Debt Consolidation?
By: Emil Fleysher | August 24, 2024 | Bankruptcy
Choosing between bankruptcy and debt consolidation is a significant decision that requires careful consideration of your financial situation and long-term goals. Debt consolidation is an appealing option for some, but there are also certain cases where bankruptcy can offer more advantages. While debt consolidation may initially seem appealing for those seeking to manage their debts
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Filing for Bankruptcy in Florida When You Own a Mobile Home
By: Emil Fleysher | August 21, 2024 | Bankruptcy
Owning a mobile home in Florida can provide flexibility and affordability, but financial challenges unfortunately happen, leading some homeowners to consider bankruptcy. If you're considering filing for bankruptcy in Florida, you might be concerned about the fate of your mobile home. When you file for bankruptcy in Florida, you protect an asset you have worked
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