Author Archives: Jay Butchko
Retirement And Bankruptcy: Three Things To Consider
Many residents of West Palm Beach are nearing retirement or have recently retired. After you have retired and are no longer thinking about work, the prospect of filing for consumer bankruptcy can be daunting. Yet for many older adults in South Florida, bankruptcy is an extremely helpful tool for those individuals who are struggling… Read More »
How Does Chapter 11 Business Bankruptcy Get Started?
Chapter 11 bankruptcy is one type of reorganization bankruptcy, and it is most common among businesses struggling with debt that want to remain open. While individuals can also file for Chapter 11 bankruptcy, this type of bankruptcy is less common among individual debtors and is usually only used by individuals when their debts exceed… Read More »
What You Should Know About Types Of Debt In Bankruptcy Cases
There are many different types of debt in bankruptcy cases, and it can be difficult to keep track of all of the terms used and how they relate to one another. When you are considering the possibility of bankruptcy or are researching different types of bankruptcy filings, you are likely to come across a… Read More »
Can Bankruptcy Stop Foreclosure?
Many consumers who are considering the possibility of filing for bankruptcy in South Florida are also struggling to pay the mortgage and are facing the threat of foreclosure. As such, homeowners who are thinking about Chapter 7 or Chapter 13 bankruptcy often want to know if bankruptcy has the ability to stop a foreclosure… Read More »
5 Things To Know About The Automatic Stay In Bankruptcy
One of the most powerful tools in a consumer bankruptcy case is the automatic stay. It is an injunction that stops creditors from beginning any debt collection actions against the creditor, as well as from continuing to take any debt collection actions against the creditor or their property. If you are considering filing for… Read More »
Understanding The Florida Bankruptcy Homestead Exemption
Any debtor who is filing for personal or consumer bankruptcy in West Palm Beach should understand how bankruptcy exemptions work, paying particular attention to the homestead exemption if that debtor is a homeowner. Florida’s homestead exemption is extremely generous, and it allows debtors in Florida to exempt more equity in a home than most… Read More »
Getting A Mortgage After Bankruptcy: What To Know
There are many myths and misconceptions concerning consumer bankruptcy, especially when it comes to the impact of a Chapter 7 bankruptcy or Chapter 13 bankruptcy on your credit and your ability to rebuild your financial profile once your debts are discharged. Indeed, many consumers incorrectly assume that a personal bankruptcy filing means that they… Read More »
Can I Switch Between Bankruptcy Chapters?
If you have filed for bankruptcy but your circumstances have changed slightly since filing, you might be wondering if you can be eligible to switch to a different bankruptcy chapter. In other words, if you have filed for Chapter 13 bankruptcy but a change in circumstances has occurred, can you now switch to a… Read More »
Is It Possible To File For Bankruptcy More Than Once?
Can a debtor file for bankruptcy more than once? Many bankruptcy misconceptions exist, and one of the common myths about bankruptcy is that you can only file for bankruptcy once, or that you can only file for a particular type of bankruptcy once in your lifetime. If you have filed for bankruptcy in the… Read More »
Benefits Of Chapter 7 Bankruptcy
When you are considering the possibility of filing for bankruptcy, either as an individual or business, you may be looking at different types of bankruptcy and wondering about your eligibility and the specific benefits that come with a bankruptcy filing. Chapter 7 bankruptcy is a type of bankruptcy that both individual debtors and businesses… Read More »
