by Ofer Shmucher | Sep 21, 2011 | Bankruptcy Process, Uncategorized
If you have already met a bankruptcy attorney or are planning on meeting one you can expect the attorney to use the word equity multiple times during your consultation. Unfortunately most bankruptcy lawyers assume that you already know what the term means and how it... by Ofer Shmucher | Sep 19, 2011 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Uncategorized
A few years ago when people purchased homes and those homes increased in values the banks offered the homeowners an equity line of credit, which was a way to borrow against the home. These equity lines of credit ranged from just a few thousand to several hundreds of... by Ofer Shmucher | Sep 1, 2011 | Ask the Bankruptcy Attorney, Bankruptcy Process, Florida Law, Uncategorized
If you are thinking of filing for bankruptcy in Florida and you own real estate then you will need to know the value of the real estate to determine what, if any, equity you have in your properties. The easiest way to determine the value of your home is to look at... by Ofer Shmucher | Jul 23, 2011 | Ask the Bankruptcy Attorney, Client Bankruptcy Cases, Uncategorized, US Bankruptcy Law
Many clients that I see in Florida aren’t originally from the United States, and these clients may or may not have foreign assets in their home country. One of the questions I get asked a lot is whether or not a debtor needs to list any of their assets they own, that... by Ofer Shmucher | Jun 30, 2011 | Ask the Bankruptcy Attorney, Bankruptcy Process, Uncategorized
When you file for bankruptcy you need to list all of your debts and all of your assets. Your debts will include mortgages, car notes, credit cards, medical bills, etc. A question that I routinely get is whether or not a debtor can include debt from a repossessed car...
