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Articles Posted in chapter 13

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I haven’t been able to pay my bills. Could I lose my car?

By Alfred Villoch, III, with Savage, Combs & Villoch, PLLC If you miss car payments, the company that loaned you the money to purchase the car can likely take back your car in what is called “repossession.” The right to take back your car for nonpayment usually comes from the…

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Is a bad faith action still viable when an insured defendant files bankruptcy?

By Alfred Villoch, III, with Savage, Combs & Villoch, PLLC Johnny Smith accidentally runs a red traffic light and slams his pick-up truck into a motorcyclist, Drew Lenders. Sadly, Drew was not wearing a helmet and suffered significant head trauma and memory loss.  Drew’s hospital bill alone is $50,000  He…

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So far in 2014, consumer bankruptcy filings are down 12 percent nationwide.

By Alfred Villoch, III, Esquire, with Savage, Combs & Villoch, PLLC Consumer bankruptcy filings are down 12 percent so far in 2014, according to Epiq Systems, Inc., and as reported by the American Bankruptcy Institute.  See “Bankruptcy Filings Through First Three Quarters of 2014 Fall 12 Percent from 2013, Commercial…

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Florida's Homestead Exemption: One reason the SEC struggled to collect $62 million from Paul Bilzerian.

By Alfred Villoch, III, at Savage, Combs & Villoch, PLLC Today, the Wall Street Journal ran an article entitled “A Maze of Paper. SEC Judgment against Raider Paul Bilzerian: $62 Million. Collected: $3.7 Million.”  In the article, Michael Rothfeld and Brad Reagan write how Paul Bilzerian was a corporate raider in the…

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Parents often co-sign for their children's student loans. Should those parents face a less difficult standard in the bankruptcy discharge of their obligation for that student loan debt?

By Alfred Villoch, III, Esquire, at Savage, Combs & Villoch, PLLC In a recent blog post, the Bankruptcy Blawg addressed how difficult (almost impossible) it is to get rid of student loan debt in bankruptcy.  See http://www.thebankruptcyblawg.com/?p=26. Yesterday, the Tampa Bay Times published an article entitled “Co-signing a student loan carries…

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Can I get rid of my student loans if I file bankruptcy?

By Alfred Villoch, III, Esquire, at Savage, Combs & Villoch, PLLC Student loans are very difficult to get rid of in bankruptcy.  Whether you file bankruptcy under chapter 7 or chapter 13, the test remains the same: you have to prove “undue hardship” in order to discharge or get rid of…

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If I file bankruptcy, will it stop the foreclosure of my home?

By Alfred Villoch, III, Esquire, at Savage, Combs & Villoch, PLLC If you’re a few months behind on your mortgage payments, the bank that loaned you the money to purchase your home (or alternatively, the company that services the loan) will likely file a lawsuit with the intent to sell your…

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Do I qualify for chapter 7? And what is this “means test?”

By Alfred Villoch, III, Esquire at Savage, Combs & Villoch, PLLC Chapter 7 of the bankruptcy code allows you to discharge certain debts immediately upon order of the bankruptcy court. But to qualify for chapter 7, you must satisfy what is called the “means test.” If you cannot satisfy this means…

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