Category: Bankruptcy

Why So Many People Refuse to Consider Bankruptcy (Even When They Should)

Hello, I’m Emil Fleysher, a Florida bankruptcy lawyer and the owner of Fleysher Law, PA. I’m licensed in Florida and Texas and have been practicing exclusively in bankruptcy law for over 15 years. Over the years, I’ve spoken with thousands of people drowning in debt who were still hesitant to explore bankruptcy as a solution.

What is the Largest Difference Between Chapter 7 and Chapter 13 Bankruptcy

Fleysher Law Bankruptcy & Debt Attorneys helps you understand the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy. We work with you to evaluate your financial situation, including the amount of unsecured debt and secured debts, and determine which option is best for you.  The two most common types of bankruptcy are Chapter 7 and Chapter 13.

Non Exempt Assets Chapter 7

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

What Is a 341 Meeting?

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

How Is Chapter 13 Payment Calculated

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

Consequences of Bankruptcy: What You Need To Know Before You File

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

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