Blog
rss icon

Category: Bankruptcy

Talk to a Bankruptcy Lawyer now!

How Long Does Bankruptcy Take from Beginning to End?

Pocket watch next to notebook symbolizes the duration of bankruptcy process

The amount of time a bankruptcy case takes from beginning to end is dependent on which chapter of bankruptcy you’ve filed for, and your unique circumstances that can either hasten or delay proceedings. Generally, Chapter 7 bankruptcy takes less time than Chapter 13 bankruptcies, which can be quite complex. Business owners filing for Chapter 11 will also undergo a fairly complex process, but usually tie up their lose ends faster than Chapter 13 cases.

Continue reading

How Soon After Bankruptcy Can I Buy a Home?

Front view of single small house in the United StatesJust because you’ve filed for bankruptcy doesn’t mean your chances of owning a house are forever in doubt. If you are otherwise able to become credit-worthy in the future, filing for chapter 7, 11, or 13 will not create a permanent roadblock for you in your home-buying ventures. However, there are some stipulations you need to know about.

Depending on which chapter of bankruptcy you filed under, 7 or 13 (which are the most consumer-centric forms of bankruptcy), determines when you’ll be eligible to purchase a home. However, there are provisions for people who have filed for chapter 11 that are worth noting if you haven’t yet declared bankruptcy. Chapter 11 allows individuals and businesses rearrange their finances and repay portions of their debt. Most plans for chapter 11 last three to five years, but it can be used to stop a foreclosure of your current home and catch up on late mortgage payments, rewrite the terms of a mortgage, and pay down tax liability without interest.

Continue reading

How Does Bankruptcy Affect My Credit Score?

Lender is meeting with insurance agent to determine a credit scores after personal bankruptcyMany considerations go into play when one considers bankruptcy as an option for getting out from under the oppressive weight of debt. One of the biggest considerations is how it affects credit scores, because your score has never been more important than it is today.

Credit scores can determine the cost of future purchases. For instance, lenders and insurance agents will look at your score and determine what they can offer you, and if you’ve filed for bankruptcy, you’re not going to get the kind of deal a person with better credit scores can achieve. Credit scores are important when buying a house, obviously, but they also matter to property management as you apply to live in an apartment or condominium. Finally, credit scores can even come into play when you apply for a job, particularly if the position is in finance.

Continue reading

Archive

Personalized attention is what you can expect when reaching out to us.
At Szabo Law Group you are not just a client you are our priority. Let us help you with your case.
The Szabo Law Group has two convenient locations: one in the heart of the leading international corporate park by Sawgrass Mall in Ft. Lauderdale, and the other on Hollywood Boulevard by the Hollywood City Clerk building in Hollywood, Florida.
address1391 Sawgrass Corporate Parkway, Ft. Lauderdale, FL 33323
fax954-680-9805
address2321 Hollywood Blvd,
Hollywood, FL 33020
emailThis email address is being protected from spambots. You need JavaScript enabled to view it.

Contact Us

WaitingSending...
bcba logo
dcbar logo
florida logo
pholadelphia logo
Szabo Law Group, P.A. provides personal and small business bankruptcy, foreclosure and immigration representation to clients throughout Broward County including, but not limited to Coconut Creek, Coral Springs, Dania, Davie, Deerfield Beach, Fort Lauderdale, Margate, Plantation, Pompano Beach, Sunrise, Tamarac and Weston.
WaitingSubscribing...
Thank you for your registration!
Please check your email for further instructions
Join our mailing list
Qualified Attorneys - Legal Help - Personalized Attention