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March 2017 Archives

Do not risk it: Keep control over your property with a will.

Despite the benefits of estate planning, many people fail to have updated and accurate wills. Some assume that it is not necessary if they are not wealthy, and others assume that it is not necessary because a family member will make sure that the distribution of property goes as planned.

Disposing of medical debt through Chapter 7

Health problems do not discriminate based on income or insurance coverage, leaving many in Florida with enormous medical debt that they are unable to pay. If one is in a position where paying back medical bills has become impossible, declaring Chapter 7 bankruptcy may be an option to consider. While not all people qualify for Chapter 7, and some have too many assets to be a good candidate, in Florida many are able to dispose of medical debt through bankruptcy.

When your car is under water

Putting a big down payment on a new vehicle is not an option for many people in Florida, but reliable transportation is essential for most. Car dealerships are often willing to “help” by stretching the loan over a longer period at a high interest rate. Vehicles rarely increase in value, though, and under those conditions, it is likely that the payments will not keep pace with the depreciation. According to U.S. News, car owners may have options when they find themselves with an under water vehicle loan.