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TRUE or FALSE: My credit score will drop after bankruptcy?

FALSE! There is a wide misconception that all bankruptcies actually cause a big credit score drop upon filing. The truth is that many people see a huge rise in their credit score following a bankruptcy. The reality is that many clients who need to file bankruptcy have such a negative payment history, opened delinquent accounts, […]


Can Bankruptcy Erase My IRS Debt?

With April 15, the last day to file your tax returns, having recently come and gone, many of my clients are wondering: Do I have to pay back the IRS? The answer is maybe not. You can discharge (wipe out) debts for federal income taxes if ALL of the following conditions are true: The taxes […]


Can Bankruptcy Get Rid of My Student Loans?

Student loans are difficult, but not impossible, to discharge in bankruptcy. The Bankruptcy Court has established a legal test, known as the “Brunner Test,” to determine if your student loans should be discharged in bankruptcy. Prior to 1976, student loans were treated like most other debts in bankruptcy. In 1976, Congress took notice that several doctors and […]


Bubble of Trouble: a “B” word offends South Florida’s Housing Market While Bankruptcy Presents a Solution

Many in the South Florida housing market cringe when they hear the “B” word — bubble — being used to forecast the future of Florida’s climbing real estate Market. While realtors, developer’s, investors and homeowners are thrilled with the rising market, several economists are predicting this is only a temporary climb and a crisis similar […]

To File Bankruptcy or Not to File Bankruptcy?

The idea of filing bankruptcy and wiping out most, if not all of your debts, stopping annoying or offensive phone calls from creditors and moving on into the future debt free, has undeniable appeal to most people. Deciding whether to file for bankruptcy is more complicated than just looking at the numbers. What you do, […]

The New Year Brings New Bankruptcy Forms

The Judicial Conference has made significant changes to the Official Bankruptcy Forms. Beginning December 1, 2015, the Official Forms for the Southern District of Florida will be replaced with significantly modified, reformatted and renumbered versions. Not only are the forms visually different, but so is the content of the new forms. Highlights of the Official […]

The Differences between Chapter 7 and Chapter 13

Bankruptcy filings in the U.S. totaled 910,090 in 2014 and 1,032,572 in 2013.[1] Of those filings, the majority were either a Chapter 7 or Chapter 13 case. Each chapter is unique and offers its advantages and disadvantages. Therefore, choosing the correct chapter depends on your income, assets, debts, and your financial goals, all of which […]

MMM: The Modification Program Banks Don’t Want You to Know About

Traditionally, mortgage modifications outside of bankruptcy have been either unsuccessful or have led to just years of frustration for Homeowners. I’ve heard hundreds of discouraged homeowners complain about how the lender has been reviewing their files for months on end or continuously requesting the same documents over and over and over again, all the while still […]

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