Think about the following questions. If the answer is yes to one or more you might be in need of filing for bankruptcy relief.
If you answered yes to one or more of these questions you are in deep financial trouble or on the brink of deep financial trouble. You should seriously consider bankruptcy to help your situation.
What kind of bankruptcy should you file?
There are three types of bankruptcy relif: Chapter 7 (liquidation), Chapter 13 (debt repayment) and Chapter 11 (or reorganization).
Chapter 7 (or liquidation). This is where debtor’s assets are sold off to pay creditors. Some states require all the debtor’s assets to be sold, while others (like Florida) offer limited exemptions for homestead property, cars, and certain personal items. This type of bankruptcy is usually completed within three to four months.
Chapter 13 (or debt repayment). This kind of bankruptcy allows debtors to pay off creditors over a period of three to five years, while protecting property and certain possessions. The debtor must have a steady source of income for this type of bankruptcy to work.
Chapter 11 (or liquidation). This type of bankruptcy is used by individuals and business who do not meet the requirements for chapter 7 and chapter 13 bankruptcies. The debtor retains the assets and continues with the business and pays the creditor according to a plan approved by the bankruptcy court.
How to file for bankruptcy
You may file for bankruptcy on your own. However, it is best to use a competent bankruptcy attorney to help you navigate the complicated bankruptcy process and achieve the best outcome for your scenario. Before deciding whether bankruptcy is right for you, talk to a bankruptcy attorney.
Tenants whose leased premises are being foreclosed on, now have more protections against evictions due to a recent change in Florida law.
The new law (F.S. 83.561), effective June 3, 2015, provides that buyers of a residential property at a foreclosure sale must give bona fide tenants a 30 day notice before termination of the tenants' possession.
This new law will give unaware tenants of notice of any foreclosure before an order for possession of the premises is issued by the Court. Normally, tenants become aware of a foreclosure sale very late in the process and usually when there is no sufficient time to prepare for the consequences.
Once the purchaser provides this 30 day notice of termination of tenant's possession, the tenant is still required to pay rent to the landlord and the landlord must comply with F.S. 83.67, which provides for prohibited practices by landlords.
Excelente noticia para inmigrantes que hablamos español. El Departamento de Estado ha decidido publicar un sitio web para información sobre visas totalmente en español.
Dado el gran segmento de usuarios de habla hispana, el Departamento de Estado ha visto como una necesidad para sus usuarios que la información de su página web esté al acceso de usuarios hispanos en su idioma.
El sitio web en español le puede proveer ayuda y guía en cuanto a cómo emigrar a los Estados Unidos, visas de familia, adopción, visas a través de empleo y un sinnúmero de información importante para inmigrantes.
Visite el nuevo sitio totalmente en español aquí.
Christian Veras, Esq.