Monthly Archives: August 2025
Main Street Lending Program Loans Are Coming Due
Businesses in South Florida received many different forms of funding during the COVID-19 pandemic, from funding that functioned like grants and did not need to be repaid to various types of loans. Many of those loans are now coming due, including loans received through the Main Street Lending Program (MSLP). The MSLP provided five-year… Read More »
Retail Credit Cards and Consumer Bankruptcy
Credit card debt is a significant problem for consumers throughout South Florida, and recent data from Forbes indicates that Americans owed a collective $1.21 trillion in credit card debt at the end of Q4 in 2024. Into 2025, that number has risen, and the average amount of credit card debt per household has risen… Read More »
Converting Between Subchapter V and Traditional Chapter 11 Bankruptcy
When a business files for bankruptcy, there are certain circumstances that may arise that can change the business’s financial situation such that the business may want to convert from one type of bankruptcy to another. Most often, businesses that file for reorganization bankruptcy under Chapter 11 want to convert (or need to convert) to… Read More »
Will My Debt Be Forgiven If I File for Bankruptcy?
Filing for personal bankruptcy is often a decision that consumers make when they are struggling with debt and do not have a way of getting back on track financially. While personal bankruptcy filings can also have other important benefits — such as allowing a debtor to stop a foreclosure and remain in their home… Read More »
What is a Proof of Claim in a Bankruptcy Case?
If you are filing for bankruptcy, or your business is filing for bankruptcy, it will be important to learn more about the materials that will comprise your bankruptcy case. While your West Palm Beach bankruptcy lawyer will be able to provide clarification and information along the way, it is always a good idea to… Read More »
Florida’s Homestead Exemption and the “Intent to Return”
Are you considering Chapter 7 bankruptcy in South Florida but worried about losing your home? If you have substantial equity in your home, or if your home is fully paid off, you should know that Florida’s extremely generous homestead exemption will likely allow you to “exempt” (and therefore keep) your house, condo, or townhome…. Read More »
Why Some Debts Are Not Discharged in Bankruptcy
In most bankruptcy cases, the process goes according to plan and the debtor, if eligible, receives a discharge of the debts they were expecting to have discharged. Yet in some bankruptcy cases, the debtor may have only some of their debts discharged, and in limited cases, a bankruptcy case may be dismissed without a… Read More »
Do I Need to Attend a 341 Meeting of Creditors?
Part of every bankruptcy proceeding is something known as the 341(a) Meeting of Creditors, or sometimes known more simply as the “341 meeting.” If you did not know that this was going to be one of the components of your bankruptcy case, or if you filed on your own without legal assistance, the importance… Read More »
