Life After Bankruptcy

28 Aug 5 Positive Things That Filing Bankruptcy Can Do For You

As a Consumer Bankruptcy Attorney, people often ask about the pros and cons of filing for bankruptcy protection. I tell them simply that I can name 5 positive things right off the top of my head that bankruptcy can do. Of course there are more but I wouldn't want their eyes to glaze over when we start talking about bankruptcy. My list is not exclusive, and it would be more relevant here in Southwest Florida than other places, but I hope you will see some of the same benefits that I see: 1. The Automatic Stay - Hands down this is one of the biggest benefits of filing for bankruptcy protection. The automatic stay immediately stops most creditors and collection actions in their tracks. In Florida, the filing of a bankruptcy petition creates a bankruptcy estate and the automatic stay immediately goes into effect. So, many of my clients file bankruptcy during a pending collection lawsuit (including foreclosures) to get a moment to catch their breath.
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03 Jun Budgeting After Bankruptcy (Part One)

Bankruptcy is about a fresh start, a new beginning. For many people, that means establishing good spending and saving habits. To be sure, not everyone who files bankruptcy does so because of spendthrift ways. But many do. And even those who file because of the big three causes (job loss, divorce, medical) could use some help with their budgets. "But I Hate Talking about Budgets!" Me, too. Let's face it: budgeting is about as much fun as a root canal. But sometimes both are necessary. The goal of these posts will be to come up with a streamlined, simple approach to budgeting. It's not ideal, but it's a whole lot better than bumbling through life with no goals or progress. And it's definitely not going to be as painful as a root canal.
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