Author Archives: Jay Butchko
Filing for Chapter 7 Bankruptcy to Stop a Lawsuit
Have you recently received notice of a civil lawsuit against you that was filed by a creditor or debt collector in an attempt to recover debt you owe? Creditors and debt collectors can file lawsuits against debtors when they are in default, and even when they are delinquent on debts in some circumstances. Under… Read More »
How Inflation is Driving Bankruptcy Filings
Inflation is currently high in Florida and throughout the United States, and it is only expected to increase. Inflation is a term that refers to the rise in the cost of products or goods and services in an economy. It is not measured by the rise in one or several specific products or services,… Read More »
What Are My Business’s Bankruptcy Options in Florida If I Want to Remain Operational?
Is your South Florida business currently struggling with debt but hoping to keep its doors open while finding a path toward ending debt? For most businesses that are under such circumstances, working with a bankruptcy lawyer to identify an appropriate type of reorganization bankruptcy is precisely what the business needs. Our West Palm Beach… Read More »
Higher Interest Rates May Lead to More Consumer Debt and Bankruptcy Filings
Interest rates in Florida and across the United States continue to rise, making it more difficult for consumers to access affordable loans and for debtors with unsecured debts to be able to pay off the debts they owe. According to a recent report from the Committee for a Responsible Federal Budget, the “30-year Treasury… Read More »
Florida Court Case Addresses Abbreviation of Bankruptcy on Credit Reports
How will your bankruptcy case show up on your credit report, and what will the implications be for your future financial prospects? A recent case in the Middle District of Florida addressed a complaint under the Fair Credit Reporting Act (FCRA) concerning the manner in which a Chapter 7 bankruptcy case was reported on… Read More »
What is the Right of Redemption in a Chapter 7 Personal Bankruptcy?
If you are currently considering a personal bankruptcy filing and you have certain personal assets that have been secured by a lien, an issue that you will want to address with your South Florida bankruptcy attorney is the right of redemption under the United States Bankruptcy Code. The right of redemption, which exists under… Read More »
What Happens to a Default Judgment Against Me If I File for Bankruptcy?
Were you recently the defendant in a civil lawsuit filed against you by a creditor or a debt collector? If so, and if the creditor or debt collector won the lawsuit against you, they will now have what is known as a judgment against you. In some civil lawsuits for debt collection, if the… Read More »
Can My Business Save Itself By Converting to Chapter 11?
Filing for business bankruptcy is a complex process, and sometimes businesses move forward with a bankruptcy case without legal assistance, or with legal advice that is not particular to their specific business’s needs. As a result of the complexity of a business bankruptcy filing, and often as a result of the lack of an… Read More »
Is There a Deadline for Including EIDL Loans in Business Reorganization Bankruptcies?
It has now been more than six years since the start of the COVID-19 pandemic in the United States, and more than six years since many businesses in South Florida began shutting down due to pandemic health and safety issues. During that difficult time, and in the months and early years to follow, many… Read More »
Why You Should Consider Bankruptcy if You Are Facing a Creditor Lawsuit
When you are struggling with debt as a consumer, we know how difficult it can be to field seemingly constant calls and other forms of contact from creditors and debt collectors. A debtor’s anxieties often become much greater when they find out that they are facing a creditor or debt collector lawsuit. If you… Read More »
