I have no Job and no Assets: Should I file a Florida bankruptcy now?
You may be collection proof for now. Collection proof simply means that your creditors have nothing to garnish or lien against you. However, if you ever intend on getting another job or having assets in your name, your past and future creditors may try and garnish wages or place liens against assets.
Therefore, it may be in your best interest to file when you are unemployed and have no assets. This should also help you pass the mean's test in a chapter 7. However, because you are unemployed or are on a low fixed income, it will probably be difficult to come up with attorney's fees and costs for a bankruptcy. Maybe you have friends or family members able to financially help you through this time with bankruptcy fees and costs.
If you do borrow money from friends or family do not pay them back on loans shortly before filing for bankruptcy. If you do this the trustee in your bankruptcy may be able to recapture that money from the person you paid it to. Let them know you will pay them back after the bankruptcy is completed.
If you have questions about Florida Divorces or Bankruptcy Law contact a Florida Attorney
Greg Gilbert
Keith Maynard
