Author Archives: Jay Butchko
What Is Bankruptcy Fraud?
If you are planning to file for bankruptcy, you might have encountered information about bankruptcy fraud, or risks of being accused of bankruptcy fraud or having your case dismissed as a result of bankruptcy fraud allegations. Yet it can be difficult to understand precisely what constitutes bankruptcy fraud, and whether a mistake could lead… Read More »
What Are Setoff And Recoupment In Bankruptcy?
In Chapter 11 bankruptcies in South Florida, the topics of setoff and recoupment may arise in a business’s bankruptcy case. These terms are important in the bankruptcy context and in business bankruptcy cases under Chapter 11 because they can affect how accounts are settled between creditors and debtors who have filed for bankruptcy. While… Read More »
When Is Credit Card Debt Non-Dischargeable In A Bankruptcy?
Anyone who is filing for bankruptcy in South Florida likely wants to ensure that they have debts that will be eligible for discharge at the end of their bankruptcy case. While debtors that file for Chapter 11 and Chapter 13 bankruptcy may be more focused on the benefits of debt reorganization provided by bankruptcy… Read More »
Consumer Bankruptcy Reform Act Of 2022: What To Know
Back in 2020, Senator Elizabeth Warren and Representative Jerrold Nadler proposed a consumer bankruptcy bill that would have resulted in a major overhaul of the consumer bankruptcy system. According to an article in Bloomberg, that bill did not “gain traction,” yet the lawmakers are seeking to garner support for a new version of that… Read More »
Can I Inherit Property During My Chapter 7 Bankruptcy Case?
If you are planning to file for Chapter 7 bankruptcy as an individual (as opposed to a business), or if you are already in the midst of a Chapter 7 bankruptcy case, you may have learned recently that you will soon inherit property or assets from a loved one. Given that Chapter 7 bankruptcy… Read More »
What Are The Benefits Of Chapter 11 Bankruptcy?
If you are considering a Chapter 11 bankruptcy filing, you may be wondering about the pros and cons of a reorganization bankruptcy for your business. Our West Palm Beach Chapter 11 bankruptcy lawyers can provide you with more information about the benefits of Chapter 11 bankruptcy in South Florida. You Can Keep Your Business… Read More »
What Is A Bankruptcy Discharge And Who Gets One?
If you are planning to file for bankruptcy, you have likely heard of the term “bankruptcy discharge.” You may have some idea about how a discharge works, and what it means for your debt. However, it is important to know that the bankruptcy discharge is different depending upon the type of bankruptcy that the… Read More »
What You Should Know About Chapter 7 Bankruptcy For Corporations And LLCs
Bankruptcy cases for corporations and LLCs are different from bankruptcy cases for other types of businesses, especially for sole proprietorships and for many partnerships. First, it is important to know that both corporations and LLCs can file for bankruptcy. The type of bankruptcy that the business files for will determine whether it can continue… Read More »
Will I Be Able To Keep My Disability Benefits If I File For Bankruptcy?
If you are struggling to pay your bills and your debt is piling up, you might be considering various options that include filing for bankruptcy. Yet for anyone who receives disability benefits, the prospect of filing for bankruptcy can be stressful because you are likely wondering: will I be able to keep my disability… Read More »
Can I File For Bankruptcy If I Am Retired?
If you are retired and living in Florida, but you are struggling with debt, you might be considering personal bankruptcy. More precisely, you may be wondering if you are eligible for bankruptcy, or if you can file for bankruptcy. Often, the better question to ask is whether you should file for bankruptcy once you… Read More »
