In addition to tax savings on a primary residence, Florida's homestead exemption can offer protection in times of severe financial distress, such as bankruptcy. Florida homeowners typically apply for a homestead exemption on their primary residence to reduce their tax burden. However, this exemption also can protect one's home from being forcibly sold by a creditor—unless the creditor is the…Read More
Attorney Alec Solomita, founder of Solomita Law, appeared in a recent interview with Donna Anselmo, host of BOLD TALK Business Radio, which airs on AM 1060 WMEL, Tuesdays between 1:00 and 2:00 PM EST. The show broadcasts to more than 4 million residents in Central Florida. Intrigued by Alex's commitment to helping individuals who are struggling with debt, Ms. Anselmo…Read More
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 dire. Often, they can't pay off their debts without outside help. To answer frequently asked questions about debt relief and bankruptcy,…Read More
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. Bankruptcy is a tool that can be used to prevent foreclosure. If your home is involved in a…Read More
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 daily. Con artists are sharp, believable, and creative, and they want your money, usually right…Read More
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 applying for a discharge? All debts must be included in the bankruptcy petition. Certain debts such as student loans…Read More
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, bankruptcy law provides a means for recovering from excessive debt, and many (possibly even most) people who qualify to file…Read More
Positioning Yourself for a Fresh Start through Bankruptcy Under Title 11 of the United States Code, bankruptcy laws were established to assist financially distressed individuals and organizations with debt relief. After a bankruptcy has been granted and debts have been discharged, debtors are positioned to gain stronger financial footing, and repay debts, such as mortgage and vehicle loans, on more…Read More
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 form at our law practice website, www.Solomitalaw.com. Also, feel free to share your comments with my…Read More
