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TwitterJacksonville Bankruptcy Lawyer, Robert L. Peters, is as concerned as his Jacksonville bankruptcy clients are about taxpayer-funded bailouts. The following article, written by Lorraine Woellert and Rebecca Christie on March 1, 2011, explores this in detail. Geithner Urges U.S. Housing-Finance Law Within Two Years to Avoid Bailouts U.S. Treasury Secretary Timothy F. Geithner said Congress [...]
Archive for the ‘Bankruptcy Articles’ Category
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Jacksonville Bankruptcy Lawyer Presents Supreme Court Ruling
March 17th, 2011 
admin Florida Supreme Court Expands Debtor’s Eligibility For $4,000 Wildcard Personal Property Exemption Jacksonville Bankruptcy Lawyer, Robert L. Peters, is excited to announce that the Florida Supreme Court has substantially expanded the amount of personal property Florida bankruptcy debtors can exempt in a Chapter 7 bankruptcy. At issue is the so-called “wildcard” exemption under Florida Statute [...]
Jacksonville Bankruptcy Lawyer Details Supreme Court Ruling on Chapter 13 Auto Ownership Expenses
February 10th, 2011 admin Yesterday, the U.S. Supreme Court issued a creditor friendly decision in the case of Ransom v. Fia Card Services. At issue was the “ownership expense” deduction in the means test, announces Jacksonville bankruptcy lawyer Robert Peters. The means test is a calculation used to determine whether a debtor has enough “disposable income” to afford a [...]
Florida Foreclosure, Florida Bankruptcy, Florida Loan Modification-What Is Best Course of Action?
September 2nd, 2010 admin Everyone—from the halls of Congress to the many channels of media—is paying a ton of attention to those Americans who have lost their homes in the seemingly endless mortgage meltdown. Virtually ignored have been the millions who continue to pay their mortgage every month, even when they really can’t afford to. As a result, most [...]
Fight Back Against Bankruptcy & Credit Companies
September 2nd, 2010 admin Jacksonville Bankruptcy Attorney Have the credit card companies ‘jacked-up’ your rates, doubling your payments? And really stuck it to you and your family? Now, you’re screwed for sure…right? Where is the money gonna come from to make double payments? You can’t just ask your boss for a raise because you need more money…can you? So, [...]
Do I Lose My Rental Property if I file bankruptcy in Florida?
September 2nd, 2010 admin Many of our clients automatically assume they will lose their rental property if they file for bankruptcy. Isn’t that the whole idea of bankruptcy? That you give up everything you have, with a few exceptions, in exchange for getting the debt collectors off your back? Well, no. Many factors come in to play in determining [...]
Florida Chapter 13 Bankruptcy-Cram Down Investment Mortgages
June 30th, 2010 admin Chapter 13 Bankruptcy Debtor Wants To Cram Down Several Investment Mortgages. Debtors in Chapter 13 bankruptcy cannot cram down or force a reduction in the balance of a first mortgage on their principal residence. Debtors can cram down first mortgages on all real estate other than their residence. Cram down means that the Chapter 13 [...]
Bill Collectors-Negotiate or File Bankruptcy?
June 30th, 2010 admin Before filing bankruptcy many people try to negotiate settlements with their credit card companies and find that their creditors are not willing to reduce loan balances. Some debtors hire debt negotiation or debt consolidation companies and find that these companies cannot significantly reduce balances. Other debtors avoid bankruptcy by negotiating very favorable settlements with credit card collectors. [...]
Chrysler and GM Filed bankruptcy- Why Cant You?
May 19th, 2010 admin You can. And maybe you should. No one should be confused about what a bankruptcy process means… [It] is not a sign of weakness…” This is what President Barack Obama said today in discussing the fact that Chrysler is declaring bankruptcy. Obama said that Chrysler’s bankruptcy was “…one more step on a clearly chartered path [...]
Ten Reasons to Delay Filing Bankruptcy! Reason No. 6.1: The Means Test
May 19th, 2010 admin When determining when to file for a bankruptcy, an issue to consider is whether a delay in filing can place the debtor within the current monthly income guidelines for his state. Under the changes to the bankruptcy code that resulted from the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), a debtor who [...]
