Author Archives: Jay Butchko
What Are The Differences Between Traditional Chapter 11 And Subchapter V?
If you own a business and you are considering Chapter 11 bankruptcy, you may be wondering about the differences between a traditional or ordinary Chapter 11 case and a Subchapter V case. As you may know, Subchapter V of Chapter 11 became available to small business debtors through the Small Business Reorganization Act of… Read More »
What Documents Are Required For Chapter 11 Bankruptcy?
A traditional Chapter 11 bankruptcy case requires the debtor to provide many different kinds of documents and materials with their bankruptcy case, which will need to be in addition to the petition for bankruptcy. The specific documents and materials that you will need to submit will depend upon whether you are a business filing… Read More »
What Is An Involuntary Bankruptcy Under Chapter 11 Or Chapter 7?
When most individuals or businesses are considering the possibility of filing for bankruptcy, most of those debtors are thinking about voluntary bankruptcies, or bankruptcy filings in which they make the decision to file for bankruptcy. When a debtor makes the decision to file a bankruptcy petition, that type of bankruptcy filing is known as… Read More »
How Do Exemptions Work In A Chapter 13 Bankruptcy Case?
If you are thinking about filing for Chapter 13 bankruptcy, you may know that you will not need to worry about your assets being liquidated as you would in a Chapter 7 bankruptcy case. To be sure, under the U.S. Bankruptcy Code, a debtor’s assets are not subject to liquidation in a reorganization bankruptcy… Read More »
How Does Chapter 11 Bankruptcy Differ From Chapter 12?
If you own a small business and you are considering the possibility of filing for a reorganization bankruptcy, you might be wondering about the differences between Chapter 11 and Chapter 12 bankruptcy. You may know that both types of bankruptcy are intended for certain small business owners, and that both types of bankruptcy allow… Read More »
Can My Business Choose Between Chapter 11 And Chapter 13 Bankruptcy?
When you are considering a reorganization bankruptcy for yourself or for your business, you may be wondering if you can choose among the different types of reorganization bankruptcy, or if your specific circumstances will determine the type of reorganization bankruptcy you must file for if you want to file for this kind of bankruptcy…. Read More »
Reasons To File For Personal Bankruptcy
When you are struggling with consumer debt, it can be difficult to know when you should start to seriously consider filing for personal bankruptcy. You might be wondering if you have alternate options, like debt settlement or non-bankruptcy workouts to reach an agreement with a creditor about your debt without having to go through… Read More »
Insolvency And Business Bankruptcy: Things To Consider
What is the relationship between insolvency and business bankruptcy? Typically, the term “insolvency,” or being insolvent, is not used to discuss consumer financial circumstances but rather to explain the financial situation of a business. While the term can be applied to individuals and businesses alike, it is a term that is frequently used to… Read More »
Bankruptcy, Debt Relief, And Taxation: What You Should Know
If you are seeking a debt settlement or a non-bankruptcy workout, or if you are planning to file for bankruptcy, you may be unsure about how taxation of any debt relief or discharged debt or forgiven debt will be handled. Our West Palm Beach bankruptcy lawyers know that questions about debt relief and taxation… Read More »
Can A Creditor Violate The Automatic Stay?
After you have filed for bankruptcy, the automatic stay attaches according to the U.S. Bankruptcy Code. What is the automatic stay? The automatic stay is an injunction that stops creditors and debt collectors from moving forward with any actions in order to collect the debt you owe. The injunction can stop many different forms… Read More »
