Follow Florida Phoenix on Facebook and Twitter. For families living in Florida, the state offers protection like Florida debt consolidation programs, or other debt relief plans designed to help you out of your financial struggles. Debt consolidation may simplify the debt repayment process. Florida. Becoming Debt Free in Florida. What's important is the type of contract, not the nature of the debt. Now they question adding debt to address the issue in state. If the debt on an estate is … by Lloyd Dunkelberger, Florida Phoenix December 9, 2019. These laws protect debtors from unfair practices of debt collectors and creditors, such as placing limits on who the debt collector is … Contact Editor Diane Rado for questions: info@floridaphoenix.com. The new report shows a nine-year trend in debt reduction that began in July 2010 when Florida’s state debt reached a peak of $28.2 billion. He said that convincing donors to underwrite expectedly expensive campaigns in 2022 would likely prove difficult, given the current shape of the party’s finances. “We demand the immediate resignations of at least those directly implicated in the mismanagement of the Party’s financial affairs,” it continues, naming Rizzo, Florida Democratic Party Secretary Casmore Shaw and treasurer Francine Garcia. He grew up in Jacksonville and Palm Beach County and got his journalism degree at the University of Florida. We provide Debt Negotiation in Hollywood, Florida 33029. “We have the wind at our back,” Ben Watkins, director of the state Division of Bond Finance, told DeSantis and Cabinet members last week. “The fact that FDP exhausted its resources after a tough election was not a secret. The contents of this site are ©2021 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc. Diaz, who was endorsed for the chairmanship by former New York City mayor and Democratic mega-donor, Overnight Health Care: After a brutal year, is the US getting close to normal? ▪ If you publish online, include the links from the story, and a link to Florida Phoenix. Another major challenge for keeping the state’s high-level credit ratings is the financial health of the Florida pension system, which pays benefits to retired teachers, state workers, county employees and other public workers. Qualify for Debt Consolidation Company in Fort Myers, Florida 33911. Mortgage balances have dropped, while student loans continue to rise, although they remain below the national average. ProvidingCompany providing Credit Card Debt in Ochopee, Florida 34141. Florida’s Statute of Limitations on Debt. The challenges for Florida Democrats are clear. Florida Federal Court Precedent as to Damages: One of the developing areas in Florida debt collection law involves the award of damages. Democrats lost their grip on Florida’s 26th and 27th districts and ceded five state House seats to Republicans. FL’s minimum wage boost faces a struggle; advocates warn of low-paid workers getting ripped... People aged 60 and up will be eligible for COVID vaccinations soon, Gov. Florida Debt Negotiation and Settlement Rules. But Watkins also warned that there are several issues the state will have to continue to address in order to maintain “our stellar credit ratings.”. It represents 10.4 percent of the state’s general revenue, the main funding source for the budget that includes revenue such as sale tax and corporate tax collections. DeSantis announces. “We have been able to take advantage of the historically very favorable interest rates and market conditions to save the state money and reduce our long-term fixed costs associated with it,” Watkins said. More substantial changes should be noted as additional and conducted by your publication. In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Florida collection agencies are also regulated by Florida debt collection laws.Discover: Florida collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Florida collection agency license and bonding information. A group of state analysts, known as the Florida Retirement System Actuarial Assumption Conference, recommended the Legislature reduce the “assumed rate of return” on the $160 billion-plus pension fund to 7.2 percent a year, down from 7.4 percent. Since 2010, the state has refinanced $16.2 billion in debt, with $3.2 billion in savings, he said. Some party officials, however, are demanding that party leadership hold a state committee meeting quickly to discuss the party’s financial and strategic challenges. The party’s new chairman, Manny Diaz, who was elected to his post just a month ago, said last week that the party’s insurance policy has been reinstated and that claims filed during the lapse in coverage will be paid. The financial difficulties prompted five Democratic officials in the state on Friday to call for the resignations of top party officials, including former Florida Democratic Party Chairwoman Terrie Rizzo, who was recently elected to the Democratic National Committee (DNC). This rule seeks a fair, but not always equal, division of both assets and debt. Watkins said the state took an important step this fall in improving the long-term financial health of the pension fund. And we have been able to reduce our cost of the debt we have outstanding by lowering the interest rate through refinancings.”. 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