Cold feet. A double-booked venue. Inclement weather forecast. Wardrobe malfunctions. These are just a few of the obstacles couples have to dodge when tying the knot. However, not very many brides can say that their bridal shop filed for liquidation in bankruptcy court and abruptly shut down without delivering their wedding dress.
Q: I don't know why I'm being sued by Midland funding. I just received a notice that they have a judgment against me, and when I checked my credit report a judgment appears to have been granted back in January. The problem is that I have not lived in that part of the state since I graduated from college, the debt is for cable service that I didn’t have, and for equipment that I never used. I had internet service from that company, but that was paid off and turned off with the modem returned when I moved out.
A recent article in the Boston Globe highlights just how much of the nation’s staggering student loan debt is held by women. The article notes that $1.3 billion in student loans is outstanding, though since the time the article was written that amount has increased to $1.5 billion and continues to rise, of that overall debt some two thirds is held exclusively by women though they comprise just 57 percent of enrolled students at colleges and universities. Upon graduation, they enter a workforce where women will earn on average 80 percent of what a man would make in the same job.
Topics: Student Loans
When people come to the office, burdened with debt, this is one of the questions I hear the most often. There is a societal stigma associated with debt and bankruptcy, with people thinking that bankruptcy means they’re a deadbeat, or that people will think they’re self-indulgently blowing their money, or even that they’re a failure. Because of that, people put off getting help with their debts for so long that bankruptcy is the only option left to them.
This is a surprisingly frequent question, and a big concern. Unless a legal proceeding is under a judicial seal, all legal filings are in fact matters of public record. However, most people outside the legal community do not know how to access bankruptcy records. The federal government maintains an archive of electronic records in a database called PACER - Public Access to Court Electronic Records. While it is public access, and account is required before you can obtain information. Furthermore, unauthorized entry is subject to prosecution under Title 18 of the US Code, with all activities and attempts to log on being tracked.
How can I keep my car after filing for Chapter 7 or Chapter 13?Last year, about 800,000 people filed for bankruptcy in federal courts, says the National Bankruptcy Forum. If you’re in the same boat, it’s a smart policy to know as much as you can before you file for bankruptcy. One question that’s likely on your mind is this: if I file for bankruptcy can I keep my car?
One of the most frequently asked questions in my practice is "In Florida, can I consider filing bankruptcy without a lawyer?" Honestly, yes you can file without an lawyer, and it doesn’t matter what chapter you file. Chapter 7, 11, 12, 13 – it makes no difference. You can absolutely Home Depot that if you think you have the chops.
Losing your job can play havoc with a number of different things, including paying back your student loans. In fact, losing your job can be a real emotional trauma. You should do everything in your power to get control of your finances while you are looking for new employment. One of the things most directly affected by job loss can be staying on top of your loan payments.
Topics: Student Loans
Q: I think I need to file for bankruptcy, but I’m not sure how to proceed. My husband and I are divorced, and I have just recently lost my job. I am raising two teenagers and I am in over my head with debt. There was a period of over three years when my ex did not pay any child support, because he was not working. I ended up maxing out my credit cards just to keep a roof over head and food on the table. Now those debts are in the five figures and I am going broke just making minimum payments. My ex is trying to catch up on his child support, but nothing will ever catch up on the interest that I’m paying on orthodontics and other expenses.
About Chad Van Horn
Chad T. Van Horn, Esq. is a South Florida business leader and founding partner attorney of Van Horn Law Group, P.A. Through a combination of dedicated philanthropy, spirited entrepreneurship and legal expertise, he applies his resources and network to helping people. Learn more about Chad Van Horn.