Author Archives: Jay Butchko
Small Business Loans and Bankruptcy
If you are a small business owner, you may have looked to the Small Business Administration (SBA) for a loan. The SBA provides valuable help to smaller businesses, which often have problems getting loans from more traditional channels. The SBA both lends and guarantees part of your loan, making it more likely that you… Read More »
Chapter 11 Bankruptcy for Individuals: Better Than Chapter 13?
You may be aware that more and more businesses are starting to file for Chapter 11 bankruptcy. But you may not be aware that even individuals in some cases can also file for Chapter 11 bankruptcy. But what advantages or disadvantages are there for an individual to file for Chapter 11, as opposed to… Read More »
Mortgage Delinquencies Are Up Since July 2020
There is the perception that the housing market is strong, and that foreclosures are down—at least, down from the levels that they were during the foreclosure crisis. And while the COVID-19 crisis has brought news of economic catastrophe, there hasn’t been a lot of news about widespread foreclosures. That’s in part to restrictions or… Read More »
Bankruptcy: How Do You Keep Your Stuff?
Many of us know or have heard of people who filed for bankruptcy. Yet, we don’t often hear of people who have lost their assets in bankruptcy. Many stories of the moving truck backing into people’s houses to haul away their belongings after they file for bankruptcy turns out to be completely false. But… Read More »
Bankruptcy and Personal Injury Cases
Bankruptcy and personal injury don’t often intersect, but when they do, there can be big problems. If you are filing a personal injury case, you should understand how a bankruptcy can affect you–whether you are the one filing or the person or business you are suing is the one filing. When The Person or… Read More »
What Can I Expect in My Bankruptcy Consultation?
So you’re ready to file bankruptcy, and you’ve set up your first bankruptcy consultation. You may be a bit nervous, and scared. One question that may be on your mind is what to expect in your bankruptcy consultation. What will be asked of you, and what should you bring? Relax The first thing to… Read More »
When is the Best Time to File for Bankruptcy?
In many cases, you know you need a bankruptcy. Maybe you are being sued for credit card debt, or something else is going on that requires you get immediate relief. But other times, you have a choice when to file, and although you need financial relief quickly, there is no emergency that requires that… Read More »
How Much Will My Payments Be in Chapter 13 Bankruptcy?
In a chapter 7 bankruptcy, your income matters. Make too much, and you may not pass the means test, the test to see if you make too much to file a Chapter 7 bankruptcy. If you do, you will have to file a Chapter 13 bankruptcy. But your income still matters in Chapter 13… Read More »
Avoid These Problems Before You File for Bankruptcy
If you are thinking of filing for bankruptcy, your bankruptcy lawyer will have to look over your documentation, paperwork, and finances, to see if you can file, to determine what chapter bankruptcy is best, and to see if there’s anything in your documentation or finances that could cause problems in your bankruptcy. While bankruptcy… Read More »
Myths and Misconceptions About Chapter 11 Bankruptcy
The chapter 11 bankruptcy process is perhaps one of the most unknown in the bankruptcy world. Many of us know people who have filed for Chapter 7 or Chapter 13 bankruptcy. But few of us know anyone who has filed Chapter 11, putting aside all the stories of large companies and retailers that are… Read More »
