Uncategorized Archives - The Law Office of Michael A. Ziegler, P.L.

Category: Uncategorized

Congratulations To Our 2019 Scholarship Winner!
October 21, 2019

The Law Office of Michael A. Ziegler Debt Fighters is pleased to announce the winner of the Financial Planning Scholarship to Elizabeth DeFazio! Ms. DeFazio recently transferred from Raritan Valley Community College to Rutgers University. Attending community college was one of the many financial decisions she made to save money and find her passion as a student. She is currently studying Chemical Engineering because she’s interested in the vast applications and career options available with this degree. After obtaining her bachelor’s, Elizabeth’s aim is to enter into a Chemical Engineering Master’s program. Outside of the classroom, Elizabeth is extremely involved… Read More

What Happens to Your Credit Cards After You File for Bankruptcy?
August 20, 2019

Debt Collection Lawyer Tampa, FL Financial problems are among the most stressful issues people deal with. Mounting doubt can come to a person because of job loss, accidents or serious illnesses, money mismanagement and other factors. Though it is a last resort in most cases, bankruptcy might be the best course for people to get on top of their financial obligations. Many people who file for bankruptcy or who consider this decision wonder whether they can keep credit cards. The answers vary. Chapter 7 This is the simplest, most common type of bankruptcy. In it, the court will sell the… Read More

Medical Bills and Your Credit Score
July 23, 2019

Debt Collection Lawyer Tampa, FL According to data from the federal government, one out of every six persons has some kind of medical debt that is showing up on their credit report. And almost half of those unpaid medical bills are affecting consumers’ credit scores. Delinquent medical bills can lower your credit score by up to 100 points. Studies show that almost 30 million people are contacted by collection agencies for overdue medical bills every year. And it is not only people who don’t have medical insurance that end up owing big money to doctors and hospitals. All it takes… Read More

The Role Debt Plays in Poverty
May 27, 2019

Debt Harassment Lawyer in Tampa, FL The fact that millions of Americans struggle with debt is not a hidden fact. For decades there has been a great divide between economic classes in the United States. Some individuals’ struggles go beyond being in debt, and they are so financially poor that they face the reality of poverty. Some individuals who are experiencing uncontrollable debt may obtain a fresh start by filing for bankruptcy. Others are so plagued by financial hardship that they struggle to make ends meet on a daily basis. Whether impoverished or suffering financially to a lesser degree, these… Read More

Managing Marriage and Money

Credit Card Lawyer in Clearwater, FL Many married couples struggle with managing their finances. Some have a system in place to decide how to meet their obligations and goals, while others are not as lucky. Especially in light of the current economy, more couples are likely having a difficult time finding a balance of successfully handling their marriage and their money. A recently published article describes some common scenarios of financial strain couples face, and advice on how to address each of them. Neglect Couples who often fight about how each of them spends money may be suffering from relationship… Read More

Changing the Way You Think About Money
May 26, 2019

Debt Collection Lawyer Tampa, FL There are usually various factors that lead a person to the circumstances of facing a large amount of debt and considering bankruptcy as a solution. Ultimately, the problem of debt involves expenses exceeding income, no matter the reason for the overdraft. Whether an individual is considering bankruptcy or has already filed a bankruptcy petition, it is wise for one in such a situation to reevaluate their approach to their finances in order to avoid a similar situation in the future. Money Mindset A person’s money mindset refers to the way in which they think about… Read More

Business Bankruptcy and Creditors’ Rights: What is Recoupment?

Bankruptcy Lawyer Clearwater, FL The legal right of ‘recoupment’ is something that all creditors should understand. Indeed, recoupment, when used effectively, offers a potentially powerful tool for debt collection. However, this action is only available in limited circumstances. Experienced bankruptcy attorneys explain what you need to know recoupment, including the benefits as well as the general legal requirements that come with using this collection action. Understanding Recoupment Notably, recoupment is not found directly in the United States bankruptcy code. Instead, recoupment is a doctrine that has been developed by the courts. It is an equitable remedy that may be available… Read More

Bankruptcy Options for a Small Business

Bankruptcy Lawyer Tampa, FL If you own a small business that is too heavily in debt, you want to make certain that your personal assets are not also in jeopardy. For instance, if you are a sole proprietor or in a general partnership, business creditors may be able to come after your personal assets to help satisfy the company’s debt. Even if you have an LLC or corporation, you may be personally liable for any debts that you personally guaranteed or cosigned. To avoid having personal finances affected by a struggling business, many owners or partners consider filing for bankruptcy.… Read More

Different Types of Bankruptcy
April 17, 2019

Chapter 13 Bankruptcy Lawyer Tampa, FL When you’re considering bankruptcy, you want to know your options. Bankruptcy can eliminate all of your debts but you may want to keep some of your debts. What is Chapter 7 bankruptcy? When most people think of bankruptcy, Chapter 7 is what comes to mind. Chapter 7 bankruptcy eliminates all of your debt. After you’ve paid all of your monthly bills like rent and utilities, if you have no money left, Chapter 7 might be the right path for you. Chapter 7 bankruptcy provides you the ability to have your credit card debt erased.… Read More

Will I Lose My Home If I File for Chapter 7 Bankruptcy?

Foreclosure Defense Lawyer Tampa, FL When you file for bankruptcy, it is important to understand that the process is meant to give you a free new start without the burden of debt. That means that the court is not looking to take away every single thing that you own; that would be counterproductive and cause the opposite side effect. When you file for Chapter 7 bankruptcy, that indicated that you are a person who is looking to discharge certain debts by filing your case in a bankruptcy court. You’ll then turn all of your nonexempt property over to a trustee… Read More