Whether you love having a Homeowner's Association or hate it, you will probably find yourself living in a neighborhood that is subject to dues and restrictions at some point in your life. Floridians are likely to experience this more often than residents of any other state, according to HudUser.gov. As more and more homeowners in Florida have chosen to accept the terms of an HOA in exchange for services such as yard maintenance, lawn trimming and leaf removal, and community benefits including pools, playgrounds, events and clubhouses, an increasing number of neighborhoods have moved to an association-managed community. New construction has seen the biggest influx, with over 60 percent of all recently built neighborhoods featuring an HOA. While this may seem like a positive move to some, many people do not realize that an HOA can actually lead homeowners to foreclosure.
If you have chosen to file for Chapter 13 bankruptcy in Florida, part of the process is meeting with your creditors, which is called a 341 meeting. The purpose of the meeting is for your bankruptcy trustee and creditors to review your payment plan and financial standing. Knowing what to expect at the meeting can help you better prepare for it. A Florida bankruptcy lawyer can assist you through the entire process of filing for Chapter 13 bankruptcy, including the meeting, to ensure everything goes as smoothly and fairly as possible.
Many people find themselves forced to seek the protection of bankruptcy because of medical debt. Skyrocketing medical costs, slow-to-rise wages and an influx of other bills can make it challenging for some people to keep up with such expenses. Medical bills are not like other types of debt, such as credit cards, mortgages and student loans, which are predictable and planned-for expenses. Medical issues often occurs when least expected. In some cases, they are unavoidable. Illnesses and health emergencies often leave many people financially crippled.