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July 2016 Archives

What are your options if unable to manage your credit card bills?

When you find yourself in a position in which you are unable to effectively manage your debt, it can be overwhelming and frustrating. If credit card bills have become more than you can keep up with on your income, it is important to know what legal options may be available to you as a Florida resident. In these situations, bankruptcy may be an optimal choice. 

Stop harassing calls about credit card debt

Many Florida residents would agree that it is easy to get into financial distress. An illness, accident or job loss can quickly make it difficult to pay the bills each month, and in many cases, it is credit card debt that is neglected first, since it is not considered as important as paying the rent and feeding the family. Eventually, however, those creditors are going to start calling wanting their money.

Credit card debt may bring troubling phone calls

When dealing with financial troubles, nothing may be more intimidating than when the phone rings. Debt collectors frequently call people to remind them of their overdue payments or to ask for immediate payment for past due amounts. A person in Florida who is struggling to keep up with credit card debt and other obligations may feel flustered and confused.

A loan modification could help in avoiding home foreclosure

Florida homeowners continue to have problems making their mortgage payments despite the upturn in the economy across the nation. Some homeowners might be able to negotiate a loan modification with their lenders as a way of avoiding home foreclosure. For those who want to keep their homes, attempting to modify their loans is often the first step.

What to expect at your Chapter 13 bankruptcy confirmation hearing

Florida residents do not have to be destitute in order to be in financial distress. Chapter 13 bankruptcy has helped numerous people get their financial lives in order. As part of the proceedings, the filer is required to submit a debt repayment plan with the petition, but not later than 15 days after its filing without leave of the court. Before carrying out the provisions of that plan, it must be approved by the court at what is called a confirmation hearing.

Can student loan debt relief be found through bankruptcy?

When student loans are causing financial struggles, many question whether bankruptcy will help. Fortunately, the answer to this question is maybe. More than likely, most Florida residents have heard that student loans cannot be discharged through bankruptcy. That might be true in many cases, but there is a procedure for seeking student loan debt relief in both Chapter 7 and Chapter 13 bankruptcy, which are the most common chapters filed by individuals.

Student loan and credit card debt are plaguing Millenials

As Millenials in Florida and elsewhere strike out on their own, they are faced with numerous financial decisions. They are often bombarded with offers of credit. Generally, those who go to college are taking out thousands of dollars in student loans. Between student loans and credit card debt, the financial futures of Millenials are at risk. Sources indicate that the only other groups facing the same type of financial crisis are minorities.

Florida remains number 1 in home foreclosure rankings

Even as reports indicate that the economy is improving, the housing market in Florida continues to suffer. The state remains number one in the home foreclosure rankings. This is despite the fact that the number of foreclosure actions has dropped approximately 37 percent from last year.

Paul Urich
Orlando Office

Law Office of Paul L. Urich, P.A.
1510 East Colonial Drive
Suite 204
Orlando, FL 32803
Phone: 407-896-3077
Fax: 407-896-3041

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