Monthly Archives: January 2023
Should My Business File For Chapter 11 Or Chapter 7 Bankruptcy?
When your business is struggling financially, the prospect of business bankruptcy may have arisen. Whether you own a sole proprietorship, you are a member of a limited liability company (LLC), you are a partner in a partnership, or you are one of the owners of a corporation, you could be eligible to file for… Read More »
Personal Bankruptcy In The New Year: What To Consider
Are you considering the possibility of personal bankruptcy in the New Year? After the New Year, many individuals start to think seriously about getting their finances under control and managing debt that they have accumulated. Yet if you are planning for bankruptcy in early 2023, it is important to keep a few considerations in… Read More »
Do I Need To Pass The Means Test For Bankruptcy?
When you are planning to file for bankruptcy, it is critical to understand what the eligibility requirements are for the type of bankruptcy you are considering and whether you meet those eligibility requirements. There are different eligibility requirements for different chapters of bankruptcy, and then there are distinct requirements depending upon whether the debtor… Read More »
Documents For A Consumer Bankruptcy Case
Consumer bankruptcy cases and business bankruptcy cases have some similarities, but they also have many differences. Even if you have gone through a Chapter 11 or Chapter 7 business bankruptcy case in the past, you will need to learn more about consumer bankruptcy requirements if you are planning to file as an individual. An… Read More »
What To Avoid Before You File For Bankruptcy
The process of filing for bankruptcy usually involves research into the steps you will need to take in order to be eligible for bankruptcy, the documents you will need to provide, the schedules and forms you will need to fill out and file, and any financial courses or hearings that you will need to… Read More »
What To Tell Your Employees About A Chapter 11 Bankruptcy
When your business is considering Chapter 11 bankruptcy, your employees may have some knowledge about the business’s financial struggles, and rumors could be circulating around the office or the workplace. While you might not want to provide too much information to your employees about plans for a Chapter 11 bankruptcy, giving your employees certain… Read More »
What Are The Costs I Should Expect For A Chapter 11 Bankruptcy?
When you are planning to file for Chapter 11 bankruptcy, you may know that this type of bankruptcy tends to cost significantly more than other types of reorganization bankruptcy, and more than Chapter 7 liquidation bankruptcies. For many businesses that want to file for reorganization bankruptcy, Chapter 11 is the only option, so it… Read More »
Finding A South Florida Bankruptcy Lawyer To Handle Your Case
When you are planning to file for bankruptcy, or even when you are at the early stages of considering bankruptcy, it is critical to seek advice from an experienced South Florida bankruptcy attorney. Just as important as hiring an attorney for your case is finding the right lawyer to handle your bankruptcy case. Our… Read More »
Older Adults And Bankruptcy: Issues To Consider
Many older adults in South Florida, including Floridians who have already retired, face debt that may seem insurmountable. There are various reasons that seniors accrue debt, from living beyond their means and charging purchases to credit cards and credit accounts to facing serious medical issues. No matter what the reason is that an older… Read More »
Federal Versus State Bankruptcy Exemptions
If you are considering a personal bankruptcy filing in West Palm Beach or elsewhere in South Florida, you may have begun doing some research into bankruptcy exemptions and how they will apply to a Chapter 7 or a Chapter 13 bankruptcy case. Bankruptcy exemptions refer to assets or property that debtors can “exempt” in… Read More »
