Monthly Archives: December 2019
Understanding a 341 Hearing – Meeting of the Creditors
Bankruptcies allow debtors a fresh financial start. But before crossing the finish line, there are several steps a debtor must first take. If you are considering filing for bankruptcy, or have already filed for bankruptcy, you as the debtor may be wondering how your debts are discharged in a Chapter 7 bankruptcy. Understanding the… Read More »
Exceptions to Discharge
If you are considering bankruptcy, you may believe that all of your debts will be completely erased. However, this is not always true. In fact, a Chapter 13 bankruptcy does not eliminate as much debt due to the fact that the debtor simply agrees to a repayment plan over a period of years. However,… Read More »
How Bankruptcy May Affect Your Credit Score
If you are considering bankruptcy, you likely have a great deal of debt and are not thinking about making an additional large purchase such as a home or vehicle. However, it is important to understand how bankruptcy can affect your future credit score, which will impact whether or not you can purchase a home,… Read More »
Fair Debt Collection Practices Act
If you owe money and are considering bankruptcy, you may be receiving phone calls regarding your debts from creditors or collection companies on behalf of creditors. Whether or not you decide to declare bankruptcy, you have legal rights under the law that debt collectors and creditors must follow or face harsh penalties. The Fair… Read More »
Preparing For Your Bankruptcy Case
If you are considering bankruptcy in the state of Florida due to overwhelming debt, you may not know how to begin the legal process of filing for bankruptcy. If you have attempted to repay your creditors, but your debt continues to grow, making the final decision to actually file for bankruptcy can be a… Read More »
Understanding the Operating Agreement in Business and Corporate Law
Every Florida business is built on a foundation. The foundation is an agreement or some sort of ground rules for the business. Today, the business and corporate law attorneys at Kelley Kaplan & Eller will discuss the operating agreement and why it is important for a business’s needs. What is an Operating Agreement? The… Read More »
The Small Business Reorganization Act Makes Bankruptcy Easier for Small Business Debtors
Filing bankruptcy, whether as an individual or small business, is a tough decision. For a small business, this means either shutting down the business operations or reorganizing under Chapter 11 bankruptcy. While bankruptcy is not an easy procedure, The Small Business Reorganization Act that goes into effect on February 19, 2020, makes the process… Read More »
How West Palm Beach Businesses Can Resolve Shareholder and Partner Disputes
When a business is formed between two or more people, a dispute is bound to arise. Shareholder and partner disputes occur for many reasons and can result in long lasting damage to a business’ reputation and the trust that the shareholders or partners had with each other. Today, the attorneys at Kelley Kaplan &… Read More »
How Reorganization Bankruptcy Affects Your Credit
If you’re a business owner, you wear several hats. From managing the business to making payroll to paying your business taxes, these tasks can be financially straining. If you decide to file a reorganization bankruptcy, you may wonder how this affects your credit or whether it has an effect on your credit at all…. Read More »
What Small Businesses Should Know About Chapter 11 Reorganization
Chapter 11 reorganization provides relief for businesses who are in a financial hotseat. From buying operating expenses to making payroll, operating a small business can bring on tons of stress upon a person. The ability to pay creditors is a huge concern for many small business owners and sometimes the debt is so immense… Read More »
