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Bankruptcy Court for the Southern District of Florida disagreed and entered an award of sanctions in the total amount of $64,686.93 — including $10,000 for emotional distress and over $21,000 in punitive damages. As background, in 2002, the debtor and her then-spouse jointly filed a “no asset” Chapter7bankruptcy petition.
Chapter7 (Liquidation). Chapter7bankruptcy petitioners get a discharge from the bankruptcy court within three to four months. Creditors are prohibited from contacting you after your petition is filed. Advantages of Chapter7Bankruptcy. Disadvantages of Chapter7Bankruptcy.
If you own a home the consequences of a judgment against you are more significant as judgmentcreditors can place liens against your home. Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecuredcreditors. Experian Credit Card and Debt Relief List.
Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. In contrast, unsecured debt from unsecuredcreditors doesn’t have collateral attached.
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