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In some cases, IRS tax debts may be dischargeable in bankruptcy for Florida residents. However, the rules for discharging tax debts in bankruptcy can be complex and depend on several factors. Some Important Things to Know About IRS Tax Debts and Bankruptcy in Florida: Types of Bankruptcy Individuals in Florida Can File for Chapter 7

If you are married and file for bankruptcy in Florida, your non-filing spouse’s credit will generally be unaffected by your bankruptcy filing. You and your spouse are unique individuals with your own name, date of birth, social security, financial obligations, and credit profile. However, your bankruptcy filing can potentially impact your spouse's credit in certain

Rebuilding your credit and enhancing your credit score can be a gradual process that takes time. Generally, it takes about a year after bankruptcy to reach a credit score of 700 or higher. However, this timeline can vary depending on a variety of factors, including: It's important to note that while bankruptcy will remain on

After filing for bankruptcy, you may wonder how long you'll have to wait before qualifying for a mortgage loan. The answer depends on the type of bankruptcy you filed and your interest in the loan program. Here are the typical waiting periods for mortgage loans after bankruptcy: It's important to note that these waiting periods

A recent report issued by PolicyGenius shows that Florida currently ranks 10th in the nation in the number of serious car accidents. The sobering figures show that in 2019, at least 3,000 Floridians died in motor vehicle accidents. Another recent study published by the Insurance Information Institute demonstrates that Florida ranks 6th in the nation for the greatest percentage

Bankruptcy law has ancient origins, dating back to the Code of Hammurabi, which was one of the earliest written legal codes in ancient Mesopotamia around 1750 BC. The Code of Hammurabi included provisions for debt forgiveness and protection of debtors from harsh penalties and enslavement. In ancient Greece, the concept of bankruptcy was also present,

Yes, filing for bankruptcy in Florida can help you save your car from repossession. Once you file for bankruptcy, an automatic stay is triggered, which halts all collection actions by creditors, including car repossession. However, whether you can keep your car in a bankruptcy filing depends on several factors, including the type of bankruptcy you

Divorce and bankruptcy are two complex legal processes that can have substantial consequences on an individual's financial and personal well-being. In Florida, these processes are governed by specific laws and regulations that must be followed to ensure a successful outcome. Here is some information about divorce and bankruptcy in Florida: Divorce in Florida Florida is

Whether or not you can keep your car if you file for bankruptcy in Florida will depend on several factors, including the type of bankruptcy you file, the equity you have in your car, and your ability to continue making payments on your car loan. In Florida, individuals who file for bankruptcy may be able

Filing for bankruptcy can be a complicated decision for anyone, but it can be exceptionally challenging for senior citizens who may have unique financial and legal considerations to take into account. If you are a senior citizen in Florida considering bankruptcy, here are some important things to keep in mind: Exemptions in Florida Florida has