Deciding between Chapter 7 bankruptcy or a debt management plan

By Marrero, Chamizo, Marcer Law, LP,

Many people in Florida face overwhelming levels of unsecured debt. For some individuals, using a debt management plan can be very helpful. However, debtors may want to do some research before opting for such a plan over filing for Chapter 7 bankruptcy. Debt management plans are offered by credit counseling agencies. With these plans, people…

Read more

Expired, invalid debts are often collected in bankruptcy

By Marrero, Chamizo, Marcer Law, LP,

Many Florida residents who are in debt to others are not aware that there is a statute of limitations regarding their obligations. After a certain period of time, an unpaid debt that has not been reaffirmed by the debtor becomes uncollectible. If a debtor files for bankruptcy, the owner of time-barred debt may be able…

Read more

Why couples should have a financial plan for marriage

By Marrero, Chamizo, Marcer Law, LP,

When Florida couples are planning a wedding, they probably have no thought of ever getting a divorce. It is a fact, however, that divorce rates are rather high, especially for subsequent marriages. Talking about finances and debt in advance can make good sense, especially since money matters are one of the leading causes of marital…

Read more

Court rules Chapter 13 debtors cannot modify model plan

By Marrero, Chamizo, Marcer Law, LP,

Based on the rulings of one bankruptcy court, Florida debtors who have filed for a Chapter 13 bankruptcy cannot make a change to their bankruptcy model plan without going through the formal modification process. The case, which was heard by a bankruptcy court in California, concerned five debtors who changed their model plans to permit…

Read more

Is debt consolidation a good deal?

By Marrero, Chamizo, Marcer Law, LP,

To a person with more credit card debt than they can pay, debt consolidation may seem like a way out. Combine debt into one monthly payment at a lower interest rate. Unfortunately, debt consolidation doesn’t solve the problem of too much debt. Instead, it leads to more debt over a longer period of time. What…

Read more

Post-divorce shared parenting trend

By Marrero, Chamizo, Marcer Law, LP,

For years, it has been a common belief that it is beneficial to children for the mother to be the primary caregiver. However, Florida parents who are considering a divorce may want to know that the current trend in child custody matters is that children are more likely to benefit from spending significant time with…

Read more

Man must pay ex-wife’s legal fees despite bankruptcy

By Marrero, Chamizo, Marcer Law, LP,

Florida residents who are interested in finances and the law may want to know of a recent ruling in a spousal support case. A man who was ordered to pay his ex-wife’s attorney’s fees has lost his appeal of the court’s decision. The man had declared bankruptcy and objected to the order to make the…

Read more

Benefits of a prenuptial agreement

By Marrero, Chamizo, Marcer Law, LP,

Despite many believing that prenups are only for the wealthy, regular individuals should also consider getting one. Prenuptial agreements are like an insurance policy that protects both people if a marriage fails. There are several reasons couples in Florida might want to consider a prenup before getting married. A prenuptial agreement allows both people to…

Read more

College savings and divorce

By Marrero, Chamizo, Marcer Law, LP,

Florida parents who are facing a divorce might be concerned about college savings they have built up for their child. They might be concerned that if the other parent finds a new partner, they might try to use the money to pay for the education of the partner’s child or of a child that they…

Read more

Bankruptcy and mortgage refinancing

By Marrero, Chamizo, Marcer Law, LP,

Assuming that a Florida homeowner who has filed for bankruptcy owes less on a mortgage than the home is worth, how long a wait is there after the bankruptcy has ended before a refinancing of the mortgage is possible? It partially depends on why the homeowner went bankrupt to begin with. In the event that…

Read more