Author Archives: Jay Butchko
Debts, Shelter-in-Place, and Bankruptcy
One of the common occurrences heard throughout the United States as a response to the global pandemic caused by the COVID-19 virus is that many people have been forced to shelter-in-place. In many cases, people have been furloughed, laid off, had wages cut, or simply fired as employers struggle to keep their businesses afloat…. Read More »
Reasonable Expenses in Bankruptcy
The bankruptcy process can be a long and difficult one, and include a substantial amount of paperwork involving complicated calculations. One of the calculations that the court will require is for a debtor to completely list all of their debts, as well as all of their expenses. Reasonable expenses are critical to the calculations,… Read More »
Conversion of Chapter 7 Bankruptcy to a Chapter 13 Bankruptcy
You have the right as a debtor to convert your Chapter 7 liquidation bankruptcy to a Chapter 13 bankruptcy reorganization. While this is not done very often, there are some circumstances that warrant this conversion. However, if you attempted to file a Chapter 7 bankruptcy and at some point were denied due to the… Read More »
The Trustee’s Role in a Bankruptcy Case
When you file a Chapter 7 or Chapter 13 bankruptcy case, the United States Trustee’s Office, which is a division of the United States Department of Justice, will officially appoint a third party to the bankruptcy case, known as the trustee. The trustee will be assigned specifically to your case, and manage the entire… Read More »
Reorganizing Your Business Debts During a Global Crisis
If you are facing astronomical debts with a complete loss of customers during this COVID-19 crisis, you are not alone. Almost every industry in the United States has been negatively affected. While we are all in this together, the truth is that some businesses may not survive financially, and will have to shutter their… Read More »
Businesses, Rent, Mortgages, and COVID-19
If you are a business owner of any kind it is likely that you are facing overwhelming uncertainty given the global pandemic of COVID-19. If you are a business that is currently leasing a property, a property owner that has a mortgage to pay out of income from leased businesses, or any type of… Read More »
Restaurant Owners and COVID-19
If you are a restaurant owner, you are likely facing extreme financial challenges due to the novel COVID-19 virus and global pandemic. With almost the entire country on stay-at-home and shelter-in-place orders, most customers and regular patrons are avoiding any unnecessary travel and outings. Restaurants are particularly hit hard, as they have few ways… Read More »
What Information Is Needed To File Bankruptcy
If you are considering filing for bankruptcy, you may feel overwhelmed at the entire legal process, and wonder what documents you will need to file for bankruptcy. Bankruptcy is handled through a federal court of law, not a state court, and federal law requires that a person filing bankruptcy must disclose all of their… Read More »
Bankruptcy During a Global Pandemic
COVID-19, a disease caused by the coronavirus, has left a monumental impact on the fabric of all of society, and it does not look like it is close to being over. Many Americans are facing fear over not only contracting this very serious virus, but also the fact that they have been laid off… Read More »
Small Business Loans Amid the Coronavirus
If you are a small business owner, you are likely facing substantial economic hardships during this time of a global pandemic. Most small businesses have had to shutter their doors, and their businesses have slowed considerably if not completely stopped. A glimmer of hope was presented when the federal government indicated that they would… Read More »
