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Fleysher Law Blog

WHAT EFFECT DOES BANKRUPTCY HAVE ON VEHICLE OWNERSHIP?

Read about everything you need to know about the relationship between bankruptcy and vehicle ownership. What Assets Can You Keep During the Bankruptcy Process, and Will Your Car Be Affected? Many people who are struggling with debt try to avoid filing for bankruptcy. This is because they are afraid of losing their most valued possessions, like their automobiles. Fortunately, you don’t necessarily need to surrender your car to get your

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CAN YOU LOSE YOUR IRA, 401(K) RETIREMENT OR PENSION ACCOUNTS IF YOU FILE BANKRUPTCY?

Learn everything you need to know about bankruptcy and losing retirement savings. If you’ve spent years saving and building up your retirement, figuring out whether you’ll be able to keep it is probably a paramount concern when considering filing for bankruptcy. In Ch. 7 bankruptcy, the Ch. 7 trustee will sell off or liquidate any assets that are not exempt (or protected) to repay your creditors with some of that

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SHOULD I RESOLVE MY IRS DEBT WITH BANKRUPTCY OR AN OFFER IN COMPROMISE?

    Depending on the age and nature of your tax debt, bankruptcy may be an advantageous alternative to an Offer In Compromise with the IRS. Being in debt can be a very difficult situation to deal with. Even more so when one of your major creditors is the IRS. Deciding which bills to pay, which bills to ignore, watching late penalties and interest accrue, have all become part of

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WHY WOULD I FILE CHAPTER 13 IF I QUALIFY FOR CHAPTER 7?

When both Chapters of bankruptcy are available in Florida, Chapter 13 bankruptcy may present some unique advantages over Chapter 7. What is Chapter 13 Bankruptcy? Bankruptcy is a legal process that helps those who are in debt while also assuring some degree of fairness to all parties involved. For the majority of people, bankruptcy is a choice between Chapter 7 and Chapter 13 (or possibly both). Chapter 7 is commonly

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Mortgage

How Will Filing Bankruptcy Affect My Chances of Getting a Mortgage or Refinance?

Many clients have been asking lately about how filing bankruptcy will affect their options with regard to obtaining a mortgage or refinance. The short answer is that “it depends.” What does it depend on? 3 things… (1) whether your case was filed as a Ch. 7 Bankruptcy or as a Ch. 13 Bankruptcy; (2) whether your case was “dismissed” or “discharged”; and (3) what type of mortgage loan you are

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