Monthly Archives: May 2025
Common Mistakes Preventing Completion of Chapter 13 Plans
For any individual in South Florida planning to file for Chapter 13 bankruptcy, it is essential to have a clear understanding of how this type of bankruptcy works and the mistakes that are important to avoid if you want to complete the terms of your repayment plan. Unlike liquidation bankruptcies filed under Chapter 7,… Read More »
Financial Hardship and EIDL Loans
Many businesses throughout South Florida are currently paying back business loans that were provided through the Economic Injury Disaster Loan (EIDL) program. A majority of EIDL loans were issued through the COVID-19 EIDL program for small businesses struggling with pandemic-related difficulties, but EIDL loans are not solely related to the COVID-19 pandemic. Beyond COVID-19… Read More »
Can a Bankruptcy Discharge Get Revoked?
If you file for consumer bankruptcy or business bankruptcy and seek a discharge of eligible debts, do you ever need to worry about the discharge being revoked? In other words, if you reach the end of your bankruptcy case and you receive a discharge, can the bankruptcy court later come back and revoke the… Read More »
When Can a Florida Business Obtain an EIDL Loan?
If your South Florida business is struggling financially due to an unexpected event or occurrence, you may be exploring potential loan options to help keep your company afloat. Given that they were the subject of significant news coverage for many years, you may know about the Economic Injury Disaster Loan (EIDL) program that helped… Read More »
Is Debt Forgiveness the Same as a Discharge?
If you are struggling with debt individually, or if your business is struggling to repay debt, you may be looking into options for debt relief. For individuals or businesses that have never filed for bankruptcy or discussed the possibility of bankruptcy with an attorney, it can be difficult to understand the precise meaning of… Read More »
Can an EIDL Loan Be Discharged in a Bankruptcy Case?
Businesses throughout South Florida applied for and received Economic Injury Disaster Loans (EIDL loans) during the COVID-19 pandemic. More recently, some South Florida businesses applied for EIDL loans in the aftermath of devastating hurricanes that caused significant property damage to businesses. While EIDL loans have been a common source of funding for numerous South… Read More »
What is a Chapter 11 Examiner?
In most Chapter 11 bankruptcy cases in South Florida, the business debtor will serve as “debtor in possession,” which involves fulfilling many of the same functions that a trustee performs in other types of bankruptcy cases. This means that the business continues to manage its assets during the terms of the reorganization and repayment… Read More »
