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Fleysher Law Blog

Types Of Debt

Types Of Debt Covered By Bankruptcy Protection

When you file for bankruptcy, you might assume that bankruptcy protection will discharge all of your debts. However, this is not the case for all as bankruptcy cannot completely discharge some debts because they do not qualify. In general, bankruptcy is a complex process. And, while you may think you can get through it on your own, you should enlist the help of a bankruptcy attorney who can guide you

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rebuilding your credit

How To Rebuild Your Credit After A Foreclosure

Your home is where you spend most of your time and the last thing that you would ever imagine is facing a foreclosure on it. However, the lender can take ownership of your home through a foreclosure if you do not make your mortgage payments. Not only will you lose your home, but it will also have a heavy impact on your credit. It can be very difficult to recover

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student loans

Bipartisan Student Loan Bankruptcy Bill Introduced

The Fresh Start Through Bankruptcy Act would change the bankruptcy code to make it easier to discharge student loans under certain conditions. Senators Richard Durbin (D-IL) and John Cornyn (R-TX) are the bill’s sponsors (R-TX). Undue Hardship While it is not impossible to discharge student loan debt through bankruptcy under existing law, it can be extremely difficult. To do so, most borrowers must demonstrate “undue hardship,” which is a difficult

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Auto Refinance

Auto Refinance in Ch. 13

If you have recently been denied an auto refinance loan because (1) your credit score was too low; or (2) because your car is worth less than the current loan balance; or (3) because your car is too old, you may have another option… What is Ch. 13 Bankruptcy? Ch. 13 is a type of bankruptcy that provides for a personal reorganization of your finances. In addition to discharging your

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Zombie Foreclosures

South Florida’s Zombie Foreclosures Have Plunged

Zombie foreclosures, or abandoned properties that are going through the foreclosure process, have had a dramatic decline in South Florida in the past year. According to RealtyTrac’s Zombie Foreclosure Alert, there has been a 46 percent decline in Zombie Foreclosure during the second quarter of litigation; which translates to about 7,021 properties. An attorney from Royal Palm Beach attributes this to higher knowledge of the law. Residents are aware that

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medical debt

Medical Debt Affects A Large Portion of Americans

In a new report of compiled data provided by the Consumer Financial Protection Bureau, close to 20 percent of U.S. shoppers are in debt. This is due to unpaid medical bills. The bills that insurance companies and hospitals are providing seem to confuse many Americans. That is, those for the cost of their treatments. This confusion is causing lower credit scores. And, it is making it much harder for Americans

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bank account

For Nearly Three Years A Palm Beach County Woman Had Her Account Frozen

A Palm Beach County woman had her bank account frozen for nearly three years. This is until a Broward County circuit judge ordered Bank of America to unfreeze it and BB&T to refrain from the pursuit of collecting funds from her account. Amy Kodsi’s Bank of America account had $720,000 when it was frozen by creditors who filed a court judgment. This was due to her husband, who racked up

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associations

Associations Need To Be More Diligent During The Foreclosure Process

Homeowners and condominium associations were doing an adequate job of collecting monies. This is due to them including write-offs that were so troublesome or hard for the association to deal with. This is all before the market crashed in 2008. The court system became highly overwhelmed with mortgage foreclosures. And, unchallenged cases would typically take at least 3 years to finalize. Associations have had to make changes in their collection

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South Florida Rent

South Florida Rentals are Going Sky High

South Floridians are feeling pain when it comes time to pay their landlords. Rent is taking a larger sum out of their paychecks than nearly anywhere else in the country. And, there is no sign of relief in sight. It takes 44 percent of your earnings, typically, to pay rent in South Florida. This is 14 percent more than the average throughout the country stated Zillow.com. San Francisco and South

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second wave of foreclosures

Second Wave of Foreclosure Hits South Florida

Many residents in South Florida are confronting a new second wave of foreclosures and their consequences. Banks are attempting to secure unpaid mortgage debts from foreclosed homes that were lost years ago. Beginning June 1st Dyck O’neal filed nearly 110 alleged deficiency judgments; it is a Texas-based collection company, in Palm Beach County, 200 in Miami-Dade County, and 300 in Broward County. There is a belief that because the deadline

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