by Ofer Shmucher | Jul 7, 2011 | Client Bankruptcy Cases, Florida Law, US Bankruptcy Law
One of the biggest mistakes a debtor can do, before filing for bankruptcy, is to repay debts owed to the debtors’ relatives or friends. When a debtor files for bankruptcy a trustee is appointed in the case. The trustee’s job is similar to that of a referee, whereby... by Ofer Shmucher | Mar 13, 2011 | Ask the Bankruptcy Attorney, Florida Law, Uncategorized, US Bankruptcy Law
One of the things that people are most scared about, when it comes to bankruptcy, is that people believe that they will never be able to obtain credit again. They think that no one will give them a credit card, no one will give them a car loan, and finally no one... by Ofer Shmucher | Jan 1, 2011 | Ask the Bankruptcy Attorney, Uncategorized, US Bankruptcy Law
Now that it is 2011 people tend to get ready to file their taxes in hopes of obtaining a refund. So it is that time of the year that I hear the same question asked repeatedly by clients, “If I file for bankruptcy will I have to pay taxes or a tax penalty on the debts... by Ofer Shmucher | Nov 19, 2010 | Chapter 7 Bankruptcy, Uncategorized, US Bankruptcy Law
When filing for a Chapter 7 bankruptcy in Florida the first think that an attorney looks at is the debtors income. There are two ways to qualify for a Chapter 7, first the debtor must be under the median income (auto qualify), if the debtor is over the median income... by Ofer Shmucher | Nov 10, 2010 | Ask the Bankruptcy Attorney, Bankruptcy Process, Uncategorized, US Bankruptcy Law
People tend to borrow money friend friends and family prior to filing for bankruptcy, usually in an effort to avoid filing for bankruptcy. However, when the person finally decides to file bankruptcy they want to make good, and payback that relative for the monies... by Ofer Shmucher | Oct 28, 2010 | Ask the Bankruptcy Attorney, Uncategorized, US Bankruptcy Law
There are many commercials on TV today paid for by debt settlement companies offering to settle all of your debts and keep you out of bankruptcy. These commercials sound too good to be true and often times they are. They are promising to settle or consolidate all...