Bankruptcy Filings

Bankruptcy Filings Before The Holidays Are Beneficial

Call: 888-297-6203 Bankruptcy filings in Jacksonville are at their lowest from November to February as no one wants to go bankrupt during holidays. The reason for this is that despite being in debt, people are still bound to buy gifts for friends and family. There are many ‘Exceptions to Discharge’ listed in 11 U.S.C. § 523. The goods and services which are reasonable and necessary for the support and maintenance of the debtor and his or her dependents are exempted. Presents, even the traditional ones, will be considered a luxury except if they are especially modest. Such pre-filing [...]

2019-11-26T10:55:10+00:00

Are Distressed Sales A Result Of Lower Bankruptcy Filings?

Call: 888-297-6203 Bankruptcy filing has been reduced by almost 20% in Florida. Studies have shown that foreclosure and bankruptcy have shown some correlation. Though real estate market is not flooded with foreclosure and short sales, but “distressed” property sales made more than 43% of all closings in the month of March according to Key property Partners. According to Los Angeles based bankruptcy law firm Recovery Law Group, only 3.5% of population of Jacksonville had filed for bankruptcy since 2007. Despite 46% homes being underwater in Florida, many people are looking for ways to get rid of their negative-equity [...]

2019-11-12T11:59:36+00:00