Miami, Florida Financial Services

Find helpful information on mortgages in Miami, Florida.

Search Other Cities
Mortgage Center Header - Powered by Mortgage 101

Bankruptcy and My Bills

- Back to Bankruptcy and My Bills Articles -

More Financial Resources
Click Here for Home Loans
Debt Reduction
Insurance Quotes
Bad Credit Loans
Market Overview
The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his/her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding.

Not all debts are dischargeable. Generally speaking, the following debts will not be discharged:

? Taxes
? Spousal and Child Support
? Debts arising out of willful or malicious misconduct
? Liability from driving while intoxicated
? Debts from a prior bankruptcy
? Student loans
? Criminal fines and penalties


Those debts which are secured will be discharged, however, expect the creditor to take the necessary legal steps to take back the property. In most cases if the debtor's equity interest in the property is exempt, the debtor may retain the property by redemption or reaffirmation.

Disclaimer:
This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check with your state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed in the above FAQs. The information contained in the following FAQs is provided for general information purposes only and is not intended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related to the area of Chapter 7 consumer bankruptcy. Every individual's factual situation is different and you should seek independent legal advice regarding specific information.


(Article Courtesy Mortgage 101)

To get started with a mortgage, refinance your home or receive a home equity line of credit click here!


  • Miami, Florida Channels
  • Miami, Florida Home
  • Miami, Florida Hotels
  • Miami, Florida Real Estate
  • Miami, Florida Services
  • Miami, Florida Local
  • Miami, Florida Jobs
  • Miami, Florida Financial
  • Miami, Florida Cars
  • Miami, Florida Home Improvement
  • Miami, Florida Colleges