Monthly Archives: March 2024
Tips for Protecting Your Assets in a Chapter 7 Bankruptcy Case
Getting ready for a Chapter 7 consumer bankruptcy case can feel daunting, and our experienced West Palm Beach bankruptcy attorneys know how important it is to ensure that you know about and take advantage of all available bankruptcy exemptions so that you can protect as many assets as possible in your case. As you… Read More »
How Long Will I Wait for a Bankruptcy Discharge?
If you are considering filing for personal bankruptcy, one of the questions you likely want to know is: how long will I wait for a bankruptcy discharge? The answer to that question depends upon a number of factors, including the type of bankruptcy case you are planning to file and the complexity of your… Read More »
What Are the Duties of a Debtor in Possession?
When a debtor files a petition for Chapter 11 bankruptcy, the debtor becomes a “debtor in possession.” As a debtor in possession, the debtor must undertake additional fiduciary duties and responsibilities set forth under US bankruptcy law — these duties and responsibilities are beyond those that an individual debtor has in a traditional Chapter… Read More »
Data Shows Most Student Loan Discharged Approved in Bankruptcy Cases
Is the new process for discharging student loans in bankruptcy working? According to a press release from the US Department of Justice, the new process that was unveiled in 2022 has resulted in most student loan debtors who have sought a discharge receiving a discharge of their student loans. Although recent data suggests that… Read More »
Is Bankruptcy a Form of Debt Relief?
Struggling with debt under any circumstances is extremely stressful, and you may be weighing different options that could provide you with some relief. How can you get debt relief? And can you get debt relief through a bankruptcy filing? The term “debt relief” is commonly used in a range of ways, and you might… Read More »
Finding a Business Bankruptcy Lawyer in South Florida
When do you need to start seeking out a business bankruptcy lawyer in South Florida? And how can you find the right business bankruptcy attorney for your company’s needs? These are critical questions when you have a business that is struggling with debt, and it is important to know how you can move forward… Read More »
How a Bankruptcy Attorney Can Help with Student Loan Debt
For anyone in South Florida struggling with student loan debt, it is essential to learn more about how an experienced West Palm Beach bankruptcy lawyer can help you. Over the years, many student loan borrowers have heard that it was extremely difficult, or even impossible, to have their student loans discharged by filing for… Read More »
What is Debt Reorganization Versus Restructuring?
When a business or an individual is struggling with debt in South Florida, the possibility of debt reorganization or debt restructuring can often be a promising solution to financial difficulties. Yet it is extremely important to be clear about distinctions between debt reorganization in a bankruptcy case and different forms of debt restructuring that… Read More »
How Does the “Undue Hardship” Requirement Apply to Student Loans in Bankruptcy?
If you have considered filing for bankruptcy in order to have your student loans discharged, you may know that you must be able to prove that continuing to pay your loans would impose an “undue hardship” on you. The US Bankruptcy Code says, in its “exceptions to discharge” section, that “unless excepting [educational debt]… Read More »
Can I File for Bankruptcy to Avoid a Debt Collection Lawsuit?
Being contacted with frequency by creditors or debt collectors can be frustrating, and it can be extremely stressful to learn that a creditor or debt collector is threatening to sue you to recover the money you owe if you do not make payments. If you have been contacted by a creditor or debt collector… Read More »