Monthly Archives: April 2023
What To Consider When It Comes To Bankruptcy And Divorce
Are you currently considering both bankruptcy and divorce? When you are dealing with financial stressors and marital problems, it can be difficult to know how you should proceed. More specifically, you may be wondering if you should be filing for bankruptcy and then considering divorce later on, or whether it might make more sense… Read More »
Why Does It Matter If My Property Is Exempt?
When you are thinking about filing for bankruptcy and conducting initial research into the bankruptcy process, you will likely come across information about exemptions and both exempt and non-exempt property. You may be wondering what makes certain property exempt or non-exempt, and what impact that classification will have on your bankruptcy case. In short,… Read More »
What Your Business Should Know About Subchapter V Bankruptcy
If you own a small business and you are considering bankruptcy in order to reorganize debts and keep your business open, you will likely want to consider Subchapter V. The Small Business Reorganization Act of 2019 (SBRA) created Subchapter V, which is a type of Chapter 11 bankruptcy designed specifically for small businesses. It… Read More »
Federal Court Dismisses Chapter 11 Bankruptcy Petition Linked To Product Liability Lawsuits
When a business is facing lawsuits that could result in a judgment costing significant amounts of money, or that could result in settlement and other substantial costs, can that business file for bankruptcy and include the lawsuits in its repayment plan? In large part, that is a question that a federal court had to… Read More »
Can I Move Out Of Florida Or Into Florida After I File For Bankruptcy?
Are you thinking about moving but also considering the possibility of filing for bankruptcy? Or have you already filed for bankruptcy and you want to move to a new state? Whether you are considering a move that would take you into Florida or out of Florida, it is critical to understand what the implications… Read More »
Who Can File For Subchapter V Bankruptcy?
Are you considering bankruptcy for your business? If so, you may have heard about Subchapter V bankruptcy, and you might be wondering if you are eligible to file for this relatively new type of bankruptcy. You should know that Subchapter V falls under Chapter 11 bankruptcy in the U.S. Bankruptcy Code, and this type… Read More »
Small Business Vs. Subchapter V: Is There A Difference?
If you own a small business and have been considering the possibility of a reorganization bankruptcy, you may have conducted some initial research into your options for a Chapter 11 bankruptcy. In doing so, you may have come across terms for “small business bankruptcy,” as well as discussions around the relatively new “Subchapter V”… Read More »
CFPB Scrutinizes Collection Actions On Student Loans Discharged In Bankruptcy
When any debt is discharged in a personal bankruptcy case — including student loan debt — a creditor or lender or debt collector cannot continue to take steps to try to collect that debt. To be clear, once the debt has been discharged through a Chapter 7 or Chapter 13 bankruptcy case, the debtor… Read More »
What Is The Relationship Between Bankruptcy And Foreclosure?
Is there a relationship between bankruptcy and foreclosure? If there is, what do you need to know about the connections between foreclosure and bankruptcy? In short, many people who are considering bankruptcy are also in situations where they may be facing foreclosure if they have a mortgage on their home. Yet that is not… Read More »
More Nursing Home Bankruptcies Could Be Coming
Businesses of all types file for bankruptcy, and there are many different reasons that businesses ultimately file for bankruptcy. In some cases, businesses are able to reorganize debts through a Chapter 11 bankruptcy case so that they can remain open and continue to operate in the future. In other cases, businesses are in substantial… Read More »