SmithLaw is often asked this question during our bankruptcy consultations. Some income tax may be dischargeable during a Chapter 7 or Chapter 13 bankruptcy. (Other types of taxes are usually treated differently.) But specific rules govern what type of income tax debts can be discharged. The basics: Tax debts are all associated with specific years [...]
Continue reading...Saturday, March 17, 2012
Though one might assume that celebrities would be immune to troubles like bankruptcy and foreclosure, this is not always the case. SmithLaw took some time to see which celebrities are facing trouble these days. Bankruptcy Gary Busey, recently known as the Pepperoni Prophet on Celebrity Apprentice, filed for bankruptcy. His debt is estimated to be [...]
Continue reading...Sunday, March 11, 2012
Going through a bankruptcy is stressful enough, without the added concern of not being able to find detailed information about its limitations, procedures, and outcomes. SmithLaw created our blog for just this purpose–as a helpful resource for those seeking basic information about various legal issues. Below. we have listed some other resources that you might [...]
Continue reading...Thursday, March 1, 2012
Foreclosure News for Manatee County, Florida It looks like Manatee County, Florida is doing pretty well with its foreclosure rate, compared to nationwide trends. According to the RealtyTrac.com website, 1 in every 262 housing units in Manatee County was in foreclosure in January 2012 (meaning foreclosure filings have commenced). Compared to the national average of [...]
Continue reading...Monday, February 13, 2012
The Fair Debt Collection Practices Act or FDCPA was created to help protect consumers from unfair debt collecting practices. It is a federal law and applies in every state, often in conjunction with state laws. Florida’s state law is called the Florida Consumer Collection Practices Act or FCCPA. SmithLaw’s blog post detailing that can be [...]
Continue reading...Thursday, February 2, 2012
The Florida Consumer Collection Practices Act or FCCPA can help. This act is only for the state of Florida and was meant to create good debt collecting behavior and protect Florida’s citizens from debt harrassment. It defines who is a debtor, who is a creditor, who is a debt collector, and more. It provides rules [...]
Continue reading...Friday, January 27, 2012
1. How long does the Chapter 7 Bankruptcy process take in Florida? Typically, a Florida bankruptcy case can take four to six months. However, no case is the same and timelines vary depending on the specific circumstances of the case. Your attorney’s schedule, the trustee’s schedule, and the timing of when you take your educational [...]
Continue reading...Friday, January 27, 2012
These days, everyone can use a little advice on managing his or her money. We have compiled some links below to help you with budgeting, reducing debt, and more. http://www.bankrate.com/calculators.aspx Bankrate.com offers many calculators to help you figure out your home equity, time it will take to pay off credit cards, what a mortgage [...]
Continue reading...Friday, January 27, 2012
Bankruptcy is often a good choice for individuals facing overwhelming debt. Bankruptcy offers a solution to financial crisis for many people when there is no other relief in sight. However, many Floridians do not know there are alternatives to bankruptcy. We have all seen signs on the side of the road that offer: Cheap Debt [...]
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Saturday, April 21, 2012
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