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August 2015 Archives

Underemployment and debt can lead to bankruptcy

According to the most recent Gallup.com data, 19.3 percent of Florida residents are underemployed. That places the state third from the bottom, with only California and Nevada workers in worse shape. When you develop marketable skills through education and experience, you have a right to expect a career that meets your basic financial needs. We at the Law Offices of George Castrataro, P.C., understand that taking a job that does not pay you according to your qualifications can lead to serious financial challenges.

Student loan payments must be attempted for bankruptcy discharge

Many people in Florida take out student loans to pay for an education. Often, these debts may run to hundreds of thousands of dollars. Graduates may discover that the career field does not pay enough to maintain a standard of living while making payments, or that they are not able to find a job in the field.

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