Michael H. Moody Law

10/09/2026

Knowing the dos and don'ts in bankruptcy with respect to taxes and student loans.

Some older income-tax obligations may be dischargeable when specific requirements are met.

Student loans are governed by different rules and generally require an undue-hardship analysis.

Debt-by-debt review matters.

Our newest blog breaks down what Chapter 7 can and cannot discharge.

https://www.michaelhmoodylaw.com/what-debts-can-be-discharged-in-a-chapter-7-bankruptcy

10/07/2026

Credit card debt is one of the most common reasons people consider Chapter 7.

Ordinary unsecured credit card balances are often dischargeable in bankruptcy.

But recent cash advances, luxury purchases, and allegations of fraud may require closer review.

The goal is to know what your discharge is likely to accomplish BEFORE filing.

Read our new Chapter 7 discharge guide.

https://www.michaelhmoodylaw.com/what-debts-can-be-discharged-in-a-chapter-7-bankruptcy

10/05/2026

A medical emergency can create thousands or tens of thousands of dollars in debt almost overnight.

Medical bills are generally unsecured debt and are commonly dischargeable in Chapter 7.

If medical debt is only one part of a larger financial problem, bankruptcy may provide a broader solution.

Give us a Call today for your free Consultation.

10/02/2026

What can Chapter 7 actually eliminate?

For many debtors, Chapter 7 can discharge qualifying unsecured debts such as:

• Credit cards
• Medical bills
• Personal loans
• Certain deficiency balances
• Many ordinary money
judgments

But not every debt is treated the same.

Our latest blog explains what Chapter 7 may discharge and which debts may survive.

https://www.michaelhmoodylaw.com/what-debts-can-be-discharged-in-a-chapter-7-bankruptcy

09/30/2026

The puzzle pieces of all your assets are important to analysis before you file bankruptcy.

You may think, "I don't own much."

But bankruptcy property can include more than your house and car.

It may include:

• Bank accounts
• Tax refunds
• Security deposits
• Lawsuit claims
• Money owed to you
• Business interests
• Retirement accounts
• Personal property

Chapter 7 planning begins with identifying everything first and then determining what can be protected.

09/28/2026

Florida has some important bankruptcy protections, but they are not automatic and they are not all unlimited.

Your home, vehicle, retirement accounts, bank funds, tax refund, and even business ownership may all need to be reviewed before filing Chapter 7.

The best time to identify an exemption issue is BEFORE the bankruptcy petition is filed.

Read: What Property Can I Keep If I File Chapter 7 Bankruptcy in Florida?

https://www.michaelhmoodylaw.com/what-property-can-i-keep-if-i-file-chapter-7-bankruptcy-in-florida

09/25/2026

“If I file Chapter 7, will they take everything I own?”

This is one of the most common fears we hear and for many people, the answer is no.

Florida bankruptcy exemptions may protect important property, including a qualifying homestead, vehicle equity, retirement accounts, and personal property.

The key is understanding what you own, what it is worth, what liens exist, and which exemptions apply.

Read our new guide on what property you may be able to keep in Chapter 7.

https://www.michaelhmoodylaw.com/will-i-lose-my-house-if-i-file-chapter-7-bankruptcy-in-florida

Learn how Florida homestead protection, home equity, mortgage arrears, liens, and the automatic stay affect your home in Chapter 7 bankruptcy.

09/23/2026

The Chapter 7 means test generally looks at income received during the six full calendar months before filing.

Why does that matter?

Because your bankruptcy “income” may look very different from what you are earning today especially after a job change, overtime, bonus, or reduction in hours.

Timing can matter in bankruptcy.

Our newest blog explains the Chapter 7 means test.

https://www.michaelhmoodylaw.com/chapter-7-bankruptcy-florida-means-test

09/21/2026

Myth vs. Fact

MYTH: If your income is above Florida’s median income, you cannot file Chapter 7.

FACT: Being above the median does not automatically disqualify you. It may simply mean that a more detailed means-test calculation is required.

Bankruptcy law is rarely as simple as an online calculator makes it look.

Learn more in our Chapter 7
Means Test guide.

https://www.michaelhmoodylaw.com/chapter-7-bankruptcy-florida-means-test

09/18/2026

Do you make "too much" to file Chapter 7 Bankruptcy?

Chapter 7 eligibility is not based on one paycheck or one simple income cutoff. The means test looks at household income, family size, allowable expenses, and other financial circumstances.

If debt has become overwhelming, don’t rule yourself out before understanding how the Chapter 7 means test actually works.

Read our latest blog:
Do I Qualify for Chapter 7
Bankruptcy in Florida?

https://www.michaelhmoodylaw.com/chapter-7-bankruptcy-florida-means-test