Filing for bankruptcy can be daunting for any person or family, and it is a decision that should not be entered into lightly. You may not be able to pay off your debts for a variety of reasons, and will need to file for bankruptcy in order to have the accounts cleared. Various states will have different laws for bankruptcy, and in Florida there are a few places you can look online to help you with any questions that you may have.
What Happens when I File for Bankruptcy?
When filing for bankruptcy in Florida, you will need to appear in a federal court where cases such as this are handled. Once you have filed for bankruptcy and your request is approved, most of your debts will be wiped clean, with the exception of a few such as child support and taxes. When dealing with bankruptcy, Florida courts will make either a Chapter Seven or Chapter Thirteen ruling to completely eliminate your debts or to guide you in paying them off, depending on your circumstances.
How will Filing for Bankruptcy Affect my Credit Rating?
As with any credit rating system with regards to bankruptcy, Florida credit agencies view them in the same way. If you have reached the stage...
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