Category: Bankruptcy

What Is a Bankruptcy Trustee?

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

How Does Chapter 7 Bankruptcy Affect My Tax Return?

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

Bank Account & Wage Garnishment in Florida: Rules, Exemptions, and Bankruptcy Solutions

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

What Recent Transplants Need to Know About Filing for Bankruptcy in Florida

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

When is Bankruptcy Better than Debt Consolidation?

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

Filing for Bankruptcy in Florida When You Own a Mobile Home

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

What Seniors Need to Know About Filing for Bankruptcy in Florida

Filing for bankruptcy can be challenging at any age, but it can present unique considerations for seniors. As living costs continue to rise, many Florida seniors face financial challenges that can be especially burdensome on fixed incomes. With rising inflation and the increasing cost of essentials such as housing, healthcare, and utilities, seniors may need

Are Employee Stock Ownership Plans (ESOPs) Protected in Bankruptcy?

At Fleysher Law, we specialize in bankruptcy law and employee benefits. We offer expert guidance and representation to individuals and businesses facing financial challenges.  With a deep understanding of Employee Stock Ownership Plans (ESOPs) and the protections placed under federal and state laws, Fleysher Law is dedicated to helping clients safeguard their retirement savings during

What's the Difference Between Chapter 7 vs Chapter 13 Bankruptcy?

Chapter 7 bankruptcy, or liquidation bankruptcy, involves selling non-exempt assets or property that can be used to pay off debt or repay creditors. In contrast, Chapter 13 bankruptcy involves making a court-approved repayment plan. Understanding the differences between Chapter 7 and Chapter 13 bankruptcy is essential for anyone facing overwhelming debt. If you are undergoing

What is a 707(b) Dismissal for Abuse in Bankruptcy?

In bankruptcy law cases, the term "707(b) dismissal" is one that you’d really prefer to avoid since it typically arises in cases involving potential abuse of the bankruptcy process. Understanding what this dismissal entails is crucial for individuals navigating financial challenges and considering bankruptcy as a solution. Now, we'll delve into the concept of a