Bankruptcy can be a powerful tool for debt relief. If considering bankruptcy, but you receive Social Security benefits, there are some things you might want to be aware of. According to federal law, Social Security benefits are exempt in bankruptcy cases. Both the Social Security Administration as well as bankruptcy courts uphold this. However, there are some situations in which your benefits may be affected.
Chapter 7 vs Chapter 13 Bankruptcy
Chapter 7 and Chapter 13 bankruptcy have different but equally valuable uses, depending on your situation. Social Security also relates to them differently.
If a couple has children, the Florida courts will ensure that their financial needs are met to the best of the parents’ abilities. Child support pays for things like food, health care, and shelter. You might be wondering about how child support is determined in Florida. This article provides a brief overview of what to expect. If you are looking for an experienced child support attorney in Jacksonville, call Parker & DuFresne today to set up a free consultation.
An Overview of Child Support in Florida
Raising children is expensive. When funds […]
It’s normal to have questions when filing for bankruptcy. This is especially true when regarding a security clearance. There are many scenarios that can affect a security clearance including personal conduct, alcohol use, and financial considerations. However, filing for bankruptcy itself won’t prevent you from receiving security clearance. There are various factors that will affect security clearance outside of bankruptcy. These are considered when deciding whether someone is a security risk or not.
Factors That Affect Security Clearance
There are 13 guidelines that are considered when granting or denying security clearance.
- Allegiance to […]
Filing for bankruptcy can impact existing and future car leases. Depending on how up-to-date you are on your lease payments can determine what happens when you file bankruptcy. A professional bankruptcy attorney can help you find the options that best fit your situation.
Automatic Stay and a Trustee’s Choices
An automatic stay halts any collection action by a car lessor, including efforts to repossess a vehicle. However, if you are behind on payments, the lessor may file a motion to have the automatic stay lifted. If this happens, the lender may pursue collection of the […]
If you’ve been convicted of a criminal offense, bankruptcy can better help you deal with the associated fees. Laws surrounding how bankruptcy affects fines differ between states. However, a Jacksonville bankruptcy lawyer can help you with charges in Florida. Different convictions determine whether the debt associated with a fine can be discharged. Even if it cannot completely free you of fines, bankruptcy might still be a helpful option.
Determining Whether a Fine Can Be Discharged
The government refers to fines in different ways: penalties, forfeitures, tickets, tolls, and surcharges. Generally, fines are owed to a government […]
Splitting up can incite a lot of emotions for all parties involved. When disputes arise an individual may unintentionally break their custody agreement. However, how does one know if they are violating a custody order? A Jacksonville child custody attorney can tell you whether or not you would be violating an agreement.
Frequent Custody Agreement Violations
Here are some common custody agreement violations:
Disregarding Visitation Rights:
A parent might bring back a child at a later time than agreed. This violates visitation rights and can happen whether both or one parent has custody […]
Filing bankruptcy is a powerful tool you can use to get free of debt and give yourself a fresh financial start. Part of this is the opportunity to repair your credit going forward. While your credit will take an initial hit right after filing, there are many ways to restore it. Bankruptcy stays on your record for 10 years in most cases. If you don’t take action to increase your credit score during this time, you might find it difficult to lease an apartment or buy a car. It is important that you move as soon […]
President Trump signed the Tax Cuts and Jobs Act in December of 2017, overwriting a decades old tax law. The old rules allowed alimony to be tax deductible by the spouse paying. The spouse receiving the alimony payments was required to record them as taxable income. After the new law takes effect on January 1, 2019, alimony paid is no longer be deductible. If you are going through a divorce, you should consider finalizing it before the end of 2018.
How Will this Affect Those Going Through a Divorce?
The new tax law comes into effect on January […]
Going through a divorce is rarely easy and often stressful. A trusted Jacksonville divorce attorney can help guide you through the process, but the clients still have to keep certain things in mind. Divorce often brings up concerns about finances and children. It can be an emotional process that leads to many financial errors that make things difficult for everyone going forward. Here are 4 money mistakes to watch out for during a divorce.
Rushing Without Taking Everything into Account
No one wants to have to go through the hassle of a divorce. […]
Bankruptcy is a powerful tool for debt relief. It can provide a fresh start for people who have been living with the burden and stress of debt for years, and allow them to finally move forward. Unfortunately, there are many myths and misconceptions about bankruptcy that can scare people off before they learn about its benefits. When you work with an experienced bankruptcy attorney in Jacksonville, they can help you pick the right option that will have the best impact on your financial future.