Author Archives: Jay Butchko
What Happens If A Crypto Exchange Files For Bankruptcy?
Many consumers have invested in cryptocurrency like Bitcoin, and some of them may be struggling as various forms of cryptocurrency are losing value rapidly. Indeed, according to a recent report from NPR, “Bitcoin and other cryptos are plunging, and companies such as Coinbase, which runs the largest crypto exchange in the U.S., are announcing… Read More »
Things To Avoid Before Your Bankruptcy Case
When you are preparing to file for bankruptcy in South Florida, it is just as important to know what you should be doing to get ready for your case as it is to know what you should not be doing. There are a number of key actions or steps you should avoid before your… Read More »
Cosigners And Bankruptcy In Chapter 7: What You Should Know
Many debtors who file for Chapter 7 bankruptcy have some debts that are dischargeable but have a cosigner. For example, you might have obtained a motor vehicle loan with help from a co-signer, or you might have obtained a personal loan from a bank with assistance from a co-signer. Co-signers or guarantors are parties… Read More »
Will I Have To Pay Taxes On Debt Discharged In Bankruptcy?
If you have ever had debt forgiven by a creditor, especially before a bankruptcy case, you may know that forgiven debt is usually taxed. To be sure, if you owe a debt and work out a settlement agreement with the creditor to pay a portion of what you owe in order to have the… Read More »
Can I Be Required To Reaffirm Debt After Bankruptcy?
In some bankruptcy cases, a debtor might choose to reaffirm one or more debts, which will mean that the debtor will still be responsible for paying those debts once the bankruptcy case has been finalized. Most often, a debtor will reaffirm debt in circumstances where a particular debt has a co-signer and the debtor… Read More »
What Kinds Of Debts Are Usually Discharged In Bankruptcy Cases?
Debtors are eligible to discharge a wide range of debts in consumer bankruptcy cases. Indeed, some of the most common types of debts held by consumers can be discharged relatively quickly in Chapter 7 bankruptcy cases, as well as at the conclusion of a Chapter 13 bankruptcy case. If you are considering filing for… Read More »
How Does Bankruptcy Work For A Small Business?
If your small business is struggling and you are considering bankruptcy, you are likely wondering how a bankruptcy case would work for your business. There is no single way that bankruptcy works for small businesses since there are different types of bankruptcies that can be appropriate for a small business. To be clear, the… Read More »
Does A Business Bankruptcy Impact The Business Owner Individually?
Business owners who are considering the possibility of a business bankruptcy want to know if they will be affected individually by the business bankruptcy. The answer to that question depends upon the business structure, as well as whether the business owner is personally liable for any business debts. In other words, there are some… Read More »
Benefits And Limitations Of Chapter 13 Bankruptcy
If you are thinking about filing for Chapter 13 bankruptcy, it is important to understand the various ways in which Chapter 13 bankruptcy can be beneficial to consumers, and the ways in which it can also have disadvantages. Before you make any decisions about filing for Chapter 13 bankruptcy or any type of bankruptcy,… Read More »
Questions To Ask Your Bankruptcy Attorney
Making the decision to file for bankruptcy is something you should do carefully and with guidance from an experienced bankruptcy lawyer. As such, it is essential to find a bankruptcy attorney who has experience handling cases similar to yours and with significant experience working on bankruptcy cases more broadly in Florida. While the U.S…. Read More »
