Monthly Archives: April 2026
How to Prepare for a 341 Meeting of Creditors
When you file for bankruptcy as an individual, or when a business entity files for bankruptcy, it is important to be prepared for the 341 meeting of creditors. This portion of the bankruptcy process, commonly known as simply the “341 meeting,” is a requirement under the US Bankruptcy Code and is conducted by the… Read More »
How is Property Owned as Tenancy By the Entirety Treated in a Bankruptcy Case?
Are you considering a personal bankruptcy filing but concerned about how jointly owned property will be treated in your bankruptcy case? Our West Palm Beach bankruptcy lawyer can help. In Florida, there is no straightforward answer to give you. Instead, the way in which jointly owned property will be treated in a bankruptcy case… Read More »
What is the Marital Adjustment Deduction in Bankruptcy?
Are you currently considering a personal bankruptcy filing under Chapter 7? As you may already know, this is a liquidation bankruptcy that will require the liquidation of your non-exempt assets, and in order to be eligible, you will need to pass something known as the “means test.” The means test is designed to show… Read More »
Price Pressures Leading to Rise in Consumer Bankruptcies
Prices at the grocery store and on other necessities continue to rise across the country. According to new data reported by CBS News, these price pressures may be one of the major causal factors behind a continuing rise in consumer bankruptcy filings. Over the last year, the numbers show that consumer bankruptcies rose by… Read More »
I Am Struggling to Make Chapter 13 Payments — Can I Switch to Chapter 7?
Individuals and married couples who choose to file for Chapter 13 bankruptcy do so for a number of reasons. Often, Chapter 13 is preferable because it is the type of bankruptcy through which a debtor can stop a foreclosure, catch up on mortgage payments, and keep their home. Chapter 13 bankruptcy also allows debtors… Read More »
Subchapter V and Debts Under Section 523(a)
Since 2019 and the passage of the Small Business Reorganization Act (SBRA), many small businesses in Florida and throughout the country have been eligible to file for a new type of bankruptcy designed specifically for smaller businesses called Subchapter V. This type of reorganization bankruptcy is a subchapter type of the traditional reorganization bankruptcy… Read More »
Will I Have to Turn Over My Tax Refund to the Bankruptcy Trustee?
As tax time quickly approaches in South Florida, anyone who is considering the possibility of filing for personal bankruptcy may have many questions about their income taxes and their bankruptcy case. In particular, if you know or expect that you will receive a tax refund this year, you may be concerned that filing for… Read More »
What Debts Will I Continue to Owe If I File for Bankruptcy?
If you file for bankruptcy, will you be able to erase all of your debts? This is often the assumption that individuals have when they are considering bankruptcy, but it is not always the case. Some individuals who file for Chapter 7 bankruptcy will have a fresh start with zero debts at the end… Read More »
Understanding Tax Liability and Bankruptcy Discharge Eligibility
Are you considering bankruptcy and wondering if you will be able to have your tax debt discharged? As you might already know, the US Bankruptcy Code expressly identified debt “for a tax or a customs duty” as an exception to discharge. In other words, this type of debt is not eligible for discharge. However,… Read More »
