Bankruptcy is often recommended to Florida residents as a method of stopping collection actions by creditors. This statement on its face seems to be too good to be true. However, understanding the mechanics of a judicial device called the “automatic stay” can...
Month: October 2020
How spousal support is decided in Florida
It is not uncommon for one spouse to want spousal support during a divorce but for the other spouse to oppose the request for spousal support. For that reason, it is helpful for divorcing spouses to be familiar with how spousal support, or alimony, is decided in...
What are the advantages of partnerships?
When starting up a business in Florida, an entrepreneur has many challenges to overcome to put a new startup on solid ground, including getting funding for the project and doing the market research to find the right combination of location and demand for their...
Which is better, filing for bankruptcy or foreclosure?
Owning your own home may be the American dream, but for many in the St. Petersburg area, 2020 brought with it many financial hardships that have been extended into 2021, including the possible foreclosure on their home. While some lenders may be able to work with...
Choosing between Chapter 7 and Chapter 13 bankruptcy
There are many unpredictable events that occur in people’s lives in Florida. Some of these unexpected events can be very detrimental and cause serious issues in people’s lives. This could be a serious injury or illness or potentially a lost job. When these events...
Common questions about stepparent adoption?
Stepparent adoption can be important for the families and children involved. Though simpler than a regular adoption, stepparent adoption does require several step and legal requirements that must be met which is why stepparents seeking to complete a stepparent...
Understanding Florida business entity options
There are several types of business entities and it is helpful to understand the structure of each before starting a business. Sole Proprietorship A sole proprietorship is owned by an individual and is the most common type of business structure chosen in Florida. If...
How will divorce impact my finances?
With the stress of trying to stay afloat during difficult economic times, the added pain of a marriage that is falling apart can make things seem unbearable. Without a doubt, divorce can have serious financial consequences for both spouses that can also affect future...
What is the automatic stay in a bankruptcy proceeding?
Bankruptcy is an intimidating word for many Florida residents. Though many people have heard of it, they may not truly know what is involved in its processes. While bankruptcy can be cumbersome, it is a useful legal process for those who are in need of help from...
Bill offers new bankruptcy option to student loan borrowers
It is no secret that many people in St. Petersburg are struggling with crushing student loan debt that is keeping them from reaching certain life milestones. In general, it is almost impossible to have student loan debt discharged through the Chapter 7 or Chapter 13...