It may be possible for Florida homeowners in distress to use bankruptcy strategically to stop foreclosure. Chapter 13 bankruptcy could be of particular use to those seeking a fresh financial start as it may allow them to stay in their homes.
What would happen if you were to became seriously ill and someone needed to handle your estate? Would they know how to access your finances and manage your affairs? Would they know how to access your insurance information and other legal documentation, or would it become a scavenger hunt?
We live in the age of DIY. You can watch YouTube videos to learn how to renovate your bathroom. You can find helpful posts on pinterest for turning an old worn-down dresser into a new, fresh looking one -- or how to turn a standard dresser into one that looks old. Yes, you can even complete your divorce in a do-it-yourself fashion, but is it a good idea?
For any number of reasons, people in Fort Lauderdale, and throughout Florida, may find themselves struggling with overwhelming debt. In order to regain control of their finances and achieve a fresh financial start, some may consider filing for chapter 7 bankruptcy. However, this is not the only option available. Thus, it behooves people who are thinking of taking this step to understand how chapter 7 bankruptcy works so they can determine if it is the right option for them.