by Ofer Shmucher | Jul 16, 2011 | Ask the Bankruptcy Attorney, Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Uncategorized
Some of my clients have recently asked me if they can include their 401k loans into the bankruptcy. Typically clients dip into their 401k as a last resort, in an attempt to pay off debts they owe, but they fail to realize the consequences of doing so. Unfortunately... by Ofer Shmucher | Jul 15, 2011 | Ask the Bankruptcy Attorney, Chapter 7 Bankruptcy, Florida Law, Uncategorized
I recently had a client ask me the following question: Does it matter if you are working or not if you want to file for Chapter 7 bankruptcy? In his case my client was unemployed, for an extended period of time, and he wasn’t sure if you could file for bankruptcy... by Ofer Shmucher | Jul 14, 2011 | Ask the Bankruptcy Attorney, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Uncategorized
Clients come see me in my Miami or Fort Lauderdale bankruptcy offices and they easily qualify for Chapter 7 bankruptcy in Florida, however they have assets, and their assets are not going to be fully protected in a Chapter 7 filing. The clients don’t qualify for the... by Ofer Shmucher | Jul 13, 2011 | Bankruptcy Process, Chapter 7 Bankruptcy, Florida Law, Uncategorized
People often do research on bankruptcy online, and some of the information they find out is entirely incorrect. One of my favorites is when a client tells me that they read online that the bankruptcy court will NOT take your car away if it is your only mode of... by Ofer Shmucher | Jul 8, 2011 | Ask the Bankruptcy Attorney, Bankruptcy Process, Chapter 7 Bankruptcy, Florida Law, Uncategorized
When my clients come see me, the first thing they ask is what is the timeline if I file for Chapter 7 bankruptcy in Florida. Below is a rough timeline for individuals who file for Chapter 7 bankruptcy using my firms services. 1. Schedule an appointment with... by Ofer Shmucher | Jun 16, 2011 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Uncategorized
If you have a judgment against you then one of the remedies your creditors can seek is to wage garnish you up to 25 (twenty five) percent every paycheck until the amount of the judgment plus interest and fees is paid back. If a wage garnishment order is granted...