Author Archives: Jay Butchko
How Much Debt Is Too Much For Chapter 13 Bankruptcy?
If you are considering the possibility of filing for Chapter 13 bankruptcy, you might already know that there are debt limits on this type of bankruptcy. These debt limits are typically the reason that an individual who wants to file for reorganization bankruptcy will file for Chapter 11 bankruptcy instead of Chapter 13 bankruptcy…. Read More »
Does Insolvency Require A Bankruptcy Filing?
Struggling financially, as a business or an individual, can be anxiety-inducing and complicated. When an individual or a business is unable to repay its debts, the word “insolvent” may be used to describe the individual’s or the business’s financial situation. Yet the term insolvency is also discussed often in relation to bankruptcy, and it… Read More »
What Do Couples Need To Know About Bankruptcy Filings?
Can couples file for bankruptcy together? Is it possible for just one spouse to file for bankruptcy while the other spouse does not file for bankruptcy? When can couples that are separated or planning on a divorce file for bankruptcy? Do you have to be married to file a joint bankruptcy petition with your… Read More »
What Are The Options For a Business Bankruptcy?
When a business is struggling financially, it can be extremely difficult to determine what the best course of action is for the future. You might be wondering if it makes sense to close your business and to file for a liquidation bankruptcy, but you also may be interested in learning about how certain types… Read More »
When Do Debtors Receive A Discharge In Bankruptcy?
If you are considering bankruptcy — either for yourself as an individual or for your business — you may be wondering: when do debtors receive a discharge in bankruptcy? Generally speaking, discharges occur at the very end of a bankruptcy case, and that timeline can vary significantly depending upon the type of bankruptcy you… Read More »
Family Support And Bankruptcy: What To Consider
When you are considering personal bankruptcy, understanding how the specific type of bankruptcy you file for will impact your personal finances can be daunting and confusing. There are many different issues to consider in any personal bankruptcy filing, whether you are filing for a liquidation bankruptcy or reorganization bankruptcy. You likely have questions about… Read More »
What Is A Debtor In Possession?
Is your business planning to file for Chapter 11 bankruptcy in South Florida? If so, if you have conducted initial research into the Chapter 11 bankruptcy process, you have likely come across the term “debtor in possession.” This term is not relevant in all types of bankruptcy cases, but it is particularly important to… Read More »
Are High-Interest Or Secured Credit Cards Treated Differently In Bankruptcy?
Filing for bankruptcy as an individual or married couple with a significant amount of credit card debt can be a complicated process, especially if you do not yet have a clear understanding of how different types of bankruptcy work or how debts get discharged in consumer bankruptcy cases. According to an article in Bankrate,… Read More »
Should I Avoid Bankruptcy If I Am Facing Foreclosure?
Consumers in South Florida who are struggling with debt often have questions about the best way to handle their debt, and about their options for getting back on track with certain creditors or getting a fresh start financially. While many consumers understand that there are links between bankruptcy and foreclosure, it can be difficult… Read More »
Can Bankruptcy Help If My Business Is Struggling?
Reaching the realization that your business is struggling can be difficult. You may be unsure about whether the business will be able to earn enough in profits over the coming months to pay debts, and you might be wondering if it is time to close your business. When businesses in South Florida go through… Read More »
