On behalf of Reed Law Firm, P.A. | Mar 13, 2020 | Bankruptcy
You work hard. You put money in your retirement account. And you hope that means you’ll someday enjoy a long, comfortable retirement. Except it doesn’t always work that way. Any number of surprises or disruptions can hurt your plans. And Baby Boomers have suffered...
On behalf of Reed Law Firm, P.A. | Jan 31, 2020 | Bankruptcy
The new year means another new tax season. Many Americans rely on a refund to help them pay bills and cover living expenses. If you are in bankruptcy or considering debt relief, there are ways to shield your tax refund from creditors and use that money to help regain...
On behalf of Reed Law Firm, P.A. | Jan 28, 2020 | Bankruptcy, Student Loans
It is not often a bankruptcy court ruling makes national headlines. Yet one recent case involving student loan debt did just that, with words from the judge offering a glimmer of opportunity for the countless individuals saddled with such loans. In the case, a chief...
On behalf of Reed Law Firm, P.A. | Jan 9, 2020 | Bankruptcy
Housing is one of the most essential necessities of your life. And if you don’t own a house, you rely on others to provide you with shelter in exchange for monthly rent. But what happens to your ability to rent after bankruptcy? When you need relief from overwhelming...
On behalf of Reed Law Firm, P.A. | Oct 7, 2019 | Bankruptcy
When you declare bankruptcy, you expect to take some time to rebuild your finances. But one major concern of bankruptcy is the affect it has on your credit score. Bankruptcy will affect your credit. How much of a hit you take will depend on how much debt you have on...
On behalf of Reed Law Firm, P.A. | Sep 30, 2019 | Bankruptcy
Bankruptcy filings by older Americans have increased rapidly over the past three decades. Seniors made up just 2% of total filings in 1991, but now account for 12% of all bankruptcies. A research paper by Indiana University says 133,000 out of 51 million people over...
On behalf of Reed Law Firm, P.A. | Sep 19, 2019 | Bankruptcy, Chapter 7
Debt can be a significant source of stress for those who struggle with it. There can be calls from creditors, threats of foreclosure and difficulty paying for life’s necessities. Luckily, the US government offers a way to escape from that: bankruptcy. Chapter 7...
On behalf of Reed Law Firm, P.A. | Sep 21, 2018 | Bankruptcy
For those considering bankruptcy, you may be worried about the decision plummeting an already-suffering credit score into a hole you can’t dig yourself out of. But bankruptcy is meant to help you get back on your feet and credit scores are subject to change....
On behalf of Reed Law Firm, P.A. | Sep 19, 2018 | Bankruptcy
Many people mistakenly believe that filing for bankruptcy will permanently ruin their credit. This is not true. While your credit will take a hit after you file for bankruptcy, you may be surprised that the long-term impact on your credit is not as bad as you might...
On behalf of Reed Law Firm, P.A. | Apr 19, 2018 | Bankruptcy
Overcoming a serious financial crisis is definitely no small matter. Sometimes, it’s simply a matter of adjusting your spending habits while other situations are not so easily rectified. Perhaps you’ve been considering bankruptcy as a debt relief option,...
