Solomita Law Blog

What Type of Bankruptcy Should You File?

Before you file for bankruptcy, you’ll likely want to know what type of bankruptcy to file for. The reality is that you have to meet certain requirements in order to file bankruptcy at all, and you may not be eligible for either Chapter 7 or Chapter ...

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Bankruptcy timeline: Rebuilding credit

by Brigitte Yuille (Originally posted on July 3, 2015 on Bankrate.com) You’ve filed for bankruptcy. Now it’s time to start rebuilding your credit. It will be hard to get credit at the start, but it won’t be impossible. The bankruptcy on ...

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Impact of New Administration on Bankruptcy Outcomes

In recent months, bankruptcy attorneys and people considering bankruptcy have wondered how the new presidential administration might influence bankruptcy laws and the outcomes of personal bankruptcy petitions. We did, too. To gain perspective, we ...

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Budgeting Offers Control over Debt

Bankruptcy provides relief to people weighed down by massive debt, however it is not a free pass. During a bankruptcy, debtors may be required to liquidate their assets to repay creditors. Also, they can expect to lose access to existing commercial ...

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Bankruptcies of the Rich and Famous

Even before the advent of the credit card industry, pioneers, patriots and presidents alike found themselves in tough financial straits. According to Roland Gary Jones, Esq., author of Bankruptcies and Money Disasters of the Rich and Famous, Abraham ...

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Interview on Talk Network Radio

I joined Bold Talk Business Radio talk show host Donna Anselmo for a live stream on  TalkNetworkRadio.com Tuesday, February 15. We discussed issues on the minds of people dealing with debt, especially questions relating to bankruptcy.  The interview ...

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Protecting Assets Under Bankruptcy

When filing for bankruptcy on behalf of a client, an attorney must consider how to best protect the client’s assets. During bankruptcy proceedings, the court reviews the petitioner's assets to determine the debtor's ability to repay creditors. The ...

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Options for Protecting Your Home in Foreclosure

PHOTO COURTESY: DREAMSTIME FREE REAL ESTATE 6 ©Jcpjr WORRY AMONG PEOPLE STRUGGLING TO SAVE THEIR HOMES OFTEN COMES FROM not knowing what to expect or if there is any way to stop a foreclosure. Take for instance the case of "Mr. Smith." Mr. Smith is ...

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High Profile Judgment against Gawker Media Group Illuminates the Bankruptcy Process

When The Wall Street Journal (WSJ) reported that Univision Communications, Inc. won a court-administered auction of assets belonging to Gawker Media Group (08.16.16), I thought this case perfectly illustrated how the Chapter 11 bankruptcy process ...

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Knowledge is Power: Get the Facts about Landlord-Tenant Agreements

As an attorney, I’ve heard from landlords who don’t know what to do when nightmare tenants fall way behind on rent payments, refuse to vacate, and even purposely destroy rental property. I’ve also heard from frustrated tenants whose landlords ...

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High Profile Judgment against Gawker Media Group Illuminates the Bankruptcy Process

When The Wall Street Journal (WSJ) reported (08.16.16) that Univision Communications, Inc. won a court-administered auction of assets belonging to Gawker Media Group , I thought this case perfectly illustrated how the Chapter 11 bankruptcy process ...

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Florida's Homestead Exemption Protects Home Against Creditors

[caption id="attachment_171" align="alignleft" width="300"] PHOTO CREDIT: Beautiful Home | © Colleen Coombe | Dreamstime Stock Photos[/caption] In addition to tax savings on a primary residence, Florida's homestead exemption can offer protection in ...

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Alec Solomita Informs Listeners on BOLD TALK Business Radio

[caption id="attachment_162" align="alignleft" width="300"] ALEC SOLOMITA, ESQ., appears on AM 1060 WMEL. Located in Cocoa, FL, The Talk to Me Station, broadcasts across Central Florida at 50,000 watts, and streams live worldwide.[/caption] Attorney ...

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Solomita Law Offers Free Debt Relief Tele-seminar Thursday, April 7, 7 pm

We know that it's not always easy to discuss personal financial matters, particularly when they involve debt. Many people struggling with debt believe there is no way out, so they avoid seeking advice until monetary situations become even more ...

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How Bankruptcy Affects Foreclosure Proceedings

If your mortgage loan is in arrears, your lender may pursue foreclosure options against you. If the lender is successful in its foreclosure attempt, the lender will be able to retain the property and remove the homeowners who have been foreclosed on. ...

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Another Day, Another Scam: Beware of Con Artists

If you use email, frequent the Internet, have a telephone, or open your door to solicitors, it's likely that you will be targeted by con artists at some time in your life. If you are very active on the internet, that likelihood seems to increase ...

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Welcome to the Solomita Law Blog

Not only have we just launched a new law practice, but I'm pleased to begin sharing thoughts, news, legal opinions and information with you through our new blog platform. If you like, you can share your own concerns with me, too, via the contacts ...

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Frequently Asked Questions by Solomita Law Clients — Part ll

In our prior article, Solomita Law answered three frequently asked questions about bankruptcy. This article addresses other common queries. Must I include every one of my debts in a bankruptcy filing or may I elect to pay off certain debts without ...

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Frequently Asked Questions by Solomita Law Clients — Part l

Many people under financial duress avoid filing for bankruptcy because they don’t understand how bankruptcy works, don’t know where to turn for information, or fear that they will not be able to live a normal life after bankruptcy. In fact, ...

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Understanding Bankruptcy Options

[caption id="attachment_68" align="alignnone" width="586"] Speak with a qualified attorney to help assess your options under bankruptcy laws.                       Photo courtesy: Dreamstime.com # 198174[/caption] Positioning ...

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