Can Creditors Garnish My Wages in Florida?
Last updated Sept. 21, 2017. Yes, Florida law does allow creditors to garnish your wages. However, a creditors’ right to garnishment, and the amount they’re entitled to garnish, hinges on whether you qualify as a “head of family” under Florida statute 222.11. The Florida statutes define a head of family as “any person who is…Read more
Chapter 7 Bankruptcy in Florida: What You Need to Know
Florida is known for a popular amusement park, warm weather, beaches, and its population of American alligators — the latter of which was designated as the state’s official reptile (and unofficial general state symbol) in the 1980s. In fact, Gatorade was named after the University of Florida Gators, where the sports drink was first developed….Read more
Should I Sign a Reaffirmation Agreement?
Signing Reaffirmation Agreements: A Good Idea? Your mortgage lender is demanding that you “reaffirm” a mortgage note on your residence in your bankruptcy case. Should you agree to do so? First the basics: There are two parts to your agreement with the mortgage lender regarding your residence. The first part is the note, your promise to…Read more
Debt Settlement Tax Consequences: Three Rules to Remember
If you find yourself deep in debt, and are exploring your options to get out, the odds are you’ve considered both bankruptcy and debt settlement. Most consumers don’t realize that debt settlement carries with it significant tax consequences. In order to help you make a more educated decision, there are three rules you should be…Read more
Ever Wonder Why Credit Card Companies Can Charge Such High Interest Rates?
Why Credit Card Companies Charge Such High Interest Rates The short answer is because corporate profits and corporations in general are favored over protecting the individual from harm these days. Below is only one court decision in the long dismantlement of individual rights in favor of corporate rights. Every state, well, every state used to…Read more
Do You Have Too Much Debt? Know the Signs…
Debt isn’t always a bad thing, but be careful about taking on too much… It gets a bad rap, but debt is not necessarily always a bad thing. In the business world, Fortune 500 companies sell off debt in the form of bonds to raise capital and expand operations. They create jobs in the process….Read more