Monthly Archives: October 2022
What Is The Difference Between A Dismissal And A Conversion Of A Bankruptcy Case?
If your business has filed for bankruptcy, or if you have recently filed for consumer bankruptcy as an individual, you may be wondering if it is possible to convert your bankruptcy case to another chapter. Or, in some cases, you might want to put an end to your bankruptcy case before a discharge occurs…. Read More »
Increase In Chapter 13 Bankruptcy Limits
A newly signed bankruptcy law will increase Chapter 13 bankruptcy debt limits to a combined amount of $2,750,000 in secured and unsecured debt. If you are planning to file for Chapter 13 bankruptcy, it is important to know about the law, when it will expire, and what the increased debt limits could mean for… Read More »
Is Filing For Chapter 13 Bankruptcy Right For Me?
If you are currently considering personal bankruptcy, you are likely exploring your options for filing for bankruptcy in addition to other debt-relief possibilities. Once you have learned more about Chapter 13 bankruptcy, you may be wondering: is filing for Chapter 13 bankruptcy right for me? Chapter 13 bankruptcy can benefit many kinds of debtors… Read More »
Signs A Business Should Consider Bankruptcy
When should a business consider filing for bankruptcy? Making the decision to file for bankruptcy is not one that a business should take lightly, but it is also important for businesses in South Florida to know that filing for bankruptcy does not necessarily mean closing your doors. To be sure, businesses often file for… Read More »
What Are The Differences Between Traditional Chapter 11 And Subchapter V?
If you own a business and you are considering Chapter 11 bankruptcy, you may be wondering about the differences between a traditional or ordinary Chapter 11 case and a Subchapter V case. As you may know, Subchapter V of Chapter 11 became available to small business debtors through the Small Business Reorganization Act of… Read More »
What Documents Are Required For Chapter 11 Bankruptcy?
A traditional Chapter 11 bankruptcy case requires the debtor to provide many different kinds of documents and materials with their bankruptcy case, which will need to be in addition to the petition for bankruptcy. The specific documents and materials that you will need to submit will depend upon whether you are a business filing… Read More »
What Is An Involuntary Bankruptcy Under Chapter 11 Or Chapter 7?
When most individuals or businesses are considering the possibility of filing for bankruptcy, most of those debtors are thinking about voluntary bankruptcies, or bankruptcy filings in which they make the decision to file for bankruptcy. When a debtor makes the decision to file a bankruptcy petition, that type of bankruptcy filing is known as… Read More »
How Do Exemptions Work In A Chapter 13 Bankruptcy Case?
If you are thinking about filing for Chapter 13 bankruptcy, you may know that you will not need to worry about your assets being liquidated as you would in a Chapter 7 bankruptcy case. To be sure, under the U.S. Bankruptcy Code, a debtor’s assets are not subject to liquidation in a reorganization bankruptcy… Read More »
How Does Chapter 11 Bankruptcy Differ From Chapter 12?
If you own a small business and you are considering the possibility of filing for a reorganization bankruptcy, you might be wondering about the differences between Chapter 11 and Chapter 12 bankruptcy. You may know that both types of bankruptcy are intended for certain small business owners, and that both types of bankruptcy allow… Read More »
Can My Business Choose Between Chapter 11 And Chapter 13 Bankruptcy?
When you are considering a reorganization bankruptcy for yourself or for your business, you may be wondering if you can choose among the different types of reorganization bankruptcy, or if your specific circumstances will determine the type of reorganization bankruptcy you must file for if you want to file for this kind of bankruptcy…. Read More »