Author Archives: Jay Butchko
Are Public Benefits Exempt in Bankruptcy Cases?
If you are considering a personal bankruptcy filing, and Chapter 7 bankruptcy in particular, you are likely seeking out information about bankruptcy exemptions in Florida. In an individual Chapter 7 bankruptcy case (including bankruptcies filed jointly by married couples), it will be critical to determine which Florida exemptions you are eligible to claim. In… Read More »
How Do Alimony and Child Support Exemptions Work?
Do you currently receive alimony from an ex-spouse, or child support payments from a former partner with whom you share a child? If so, and if you are planning to file for personal bankruptcy, it will be critical to discuss exemptions for family support with your West Palm Beach bankruptcy lawyer. In short, these… Read More »
What Happens to Personal Injury Damages in a Florida Bankruptcy?
Were you injured in a serious accident for which you sought compensation through a lawsuit? If so, you may have won a personal injury damages award or accepted a settlement from the at-fault party. If you decide to file for bankruptcy, what will happen to those personal injury damages? Whether or not you can… Read More »
Are My Debts Dischargeable?
Are you currently considering a bankruptcy filing and only now learning that some debts are not dischargeable? If so, you are likely wondering about the status of your debts and whether or not they would be eligible for discharge in a bankruptcy case. Most types of debts that are common for consumers, and even… Read More »
Do All Debts Have to Be Repaid in a Reorganization Bankruptcy?
Whether you are considering a type of reorganization bankruptcy as a business or an individual, you may know that one of the primary benefits of this kind of bankruptcy is that it allows the debtor to restructure existing debts, to make payments over an extended period of time, and ultimately to get caught up… Read More »
What is Cash Collateral in a Chapter 11 Bankruptcy?
Is your South Florida business considering a Chapter 11 bankruptcy filing? If so, it is important to learn as much as you can about the process and to work with an experienced West Palm Beach bankruptcy attorney from the start. There are many terms that will arise that may not be familiar to you… Read More »
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 »
