Author Archives: Jay Butchko
What Business Owners Should Know About the Purdue Pharma Case
Can corporate bankruptcy cases release owners from civil liability for certain types of harm connected to the business? In other words, when the terms of a bankruptcy plan are beneficial to the individual business owners because the bankruptcy terms also limit the owners’ individual liability, can the bankruptcy case move forward? This is among… Read More »
Can I Sell My House During a Chapter 13 Bankruptcy?
Filing for Chapter 13 bankruptcy and going through the bankruptcy process involves more time than some debtors realize. Indeed, Chapter 13 repayment plans typically have a time frame of three to five years, which means that your bankruptcy case will be open (and you will be making monthly payments) during that period of time…. Read More »
Discharging Student Loans in the New Year
In the days, weeks, and months of every new year, debtors file for bankruptcy in order to get a fresh start financially. With changes to the process for having student loans discharged now firmly in place, debtors can file for personal bankruptcy and can go through a much simpler and less costly process to… Read More »
Small Business Losses and Filing for Bankruptcy
Small businesses in South Florida can be extremely rewarding for business owners to run, but they can also be stressful enterprises when the business is losing money for reasons related either to the business itself or to external factors. There are a wide range of small businesses throughout the West Palm Beach area, and… Read More »
Should I Continue Paying My Bills After Filing for Bankruptcy?
When you file for bankruptcy, you might be wondering: should I continue paying my bills once I file my bankruptcy petition? The answer to that question is more complicated than a simple “yes” or “no” answer, and the answer will depend upon your particular circumstances, the types of bills you have, and the type… Read More »
New Discharge Process Presents “Opportunity” Amidst Student Loan Crisis
Floridians, along with many Americans across the rest of the country, have been struggling with student loan debt. While many of those borrowers received a reprieve during the lengthy federal student loan payment pause, that pause ended recently and borrowers again owe monthly student loan payments. In the past, before the student loan payment… Read More »
Can a Creditor Violate the Automatic Stay and Take Collection Actions Against Me?
Are you considering a bankruptcy filing? You should know that, as soon as you file for bankruptcy, the automatic stay will apply to your case. The automatic stay is an injunction that stops creditors or debt collectors from continuing with any existing collection actions against you and initiating any new collection actions against you…. Read More »
Can My Business File for Bankruptcy Without Impacting My Personal Finances?
Is your South Florida business struggling, and is bankruptcy looking like a possibility in the future? If so, you are likely wondering: can my business file for bankruptcy without impacting my personal finances? For small business owners, understanding the financial and legal relationship between the business and the business owner (or owners) with regard… Read More »
Student Loan Discharges in Chapter 13 Bankruptcies
When a person in South Florida files for Chapter 13 bankruptcy, they are often filing for this type of bankruptcy because they have secured property that they want to keep (such as an automobile), they want to stop a foreclosure and remain in their home (which Chapter 13 allows a person to do), and/or… Read More »
Common Errors to Avoid in a Bankruptcy Case
Bankruptcy cases are extremely complicated, and business owners and individual debtors alike often make errors when they decide to handle their bankruptcy cases on their own. Depending on the error, a mistake in a bankruptcy case can cause delays and problems, and in some circumstances, a mistake can have much more serious consequences. Indeed,… Read More »
