Monthly Archives: September 2022
Reasons To File For Personal Bankruptcy
When you are struggling with consumer debt, it can be difficult to know when you should start to seriously consider filing for personal bankruptcy. You might be wondering if you have alternate options, like debt settlement or non-bankruptcy workouts to reach an agreement with a creditor about your debt without having to go through… Read More »
Insolvency And Business Bankruptcy: Things To Consider
What is the relationship between insolvency and business bankruptcy? Typically, the term “insolvency,” or being insolvent, is not used to discuss consumer financial circumstances but rather to explain the financial situation of a business. While the term can be applied to individuals and businesses alike, it is a term that is frequently used to… Read More »
Bankruptcy, Debt Relief, And Taxation: What You Should Know
If you are seeking a debt settlement or a non-bankruptcy workout, or if you are planning to file for bankruptcy, you may be unsure about how taxation of any debt relief or discharged debt or forgiven debt will be handled. Our West Palm Beach bankruptcy lawyers know that questions about debt relief and taxation… Read More »
Can A Creditor Violate The Automatic Stay?
After you have filed for bankruptcy, the automatic stay attaches according to the U.S. Bankruptcy Code. What is the automatic stay? The automatic stay is an injunction that stops creditors and debt collectors from moving forward with any actions in order to collect the debt you owe. The injunction can stop many different forms… Read More »
Debt Settlement Versus Bankruptcy: Pros And Cons
When you are struggling with debt and you are exploring your options, you may be considering personal bankruptcy or debt settlement. Both bankruptcy and debt settlement are ways of reducing, eradicating, or managing debt. Yet there are pros and cons to each, and it is important to understand the benefits and limitations before you… Read More »
Do I Need To Consider An Asset Protection Strategy If I File For Bankruptcy?
Filing for bankruptcy is an extremely complicated process, and you should seek assistance from a bankruptcy attorney from the start. When you are planning to file for bankruptcy, your bankruptcy lawyer can provide you with detailed information about how the bankruptcy process works, and how your current assets will be handled (depending upon the… Read More »
What To Expect In A Chapter 11 Bankruptcy For Businesses
Chapter 11 bankruptcy is a type of reorganization bankruptcy, and it is commonly used by businesses. If your business is considering filing for Chapter 11 bankruptcy in order to reorganize debts while keeping your business open, you are likely wondering what to expect in the bankruptcy process. Chapter 11 bankruptcy cases are complicated, and… Read More »
What Is A Single Asset Real Estate Debtor In Chapter 11 Bankruptcy?
Within the broad categories of Chapter 11 bankruptcy filers, there are certain filers who are subject to specific requirements under the U.S. Bankruptcy Code, or can be eligible for certain forms of relief that are not available to other types of debtors. One of those types of filers is known as a “single asset… Read More »
Keeping Your Business Open With Chapter 11 Bankruptcy
If your business is struggling due to recent economic circumstances, or as a result of circumstances that could change in the future, bankruptcy could be a way for you to catch up on business debts with creditors while remaining open and operational. Many business owners assume that filing for bankruptcy means that you will… Read More »
Hardship Discharges In Chapter 13 Bankruptcy Cases
When a debtor in South Florida files for Chapter 13 bankruptcy, that debtor enters into a repayment plan agreement that usually lasts for a period of between three and five years. During that lengthy period, the debtor will make monthly payments that go toward repaying debt to creditors based on the value of non-exempt… Read More »
