Category Archives: Bankruptcy Attorneys
Things to Know About Keeping Your Home When Filing for Bankruptcy
One big benefit of filing for bankruptcy in Florida is that if you own a home, your property is generally protected from being taken by the bankruptcy court to pay creditors. But Florida’s homestead exemption is not absolute, and it only applies in certain circumstances. Florida’s Bankruptcy Laws The first requirement to getting the… Read More »
How Does Chapter 11 Bankruptcy Work?
Many people are puzzled over Chapter 11 bankruptcy. The word bankruptcy, when applied to corporations or businesses, often is equated to the death of a company. In fact, many companies do file for bankruptcy, and never return again to do business. But others file bankruptcy—sometimes multiple times—and continue operations seemingly as if nothing happened…. Read More »
What is a 2004 Examination?
Bankruptcy is generally, for most debtors, a fairly trouble-free process. Although bankruptcy laws are complex, and you can lose property if you are not careful and don’t know what you’re doing, assuming that there are no problems, a bankruptcy discharge can be granted with minimal time, trouble and aggravation. Until problems arise, that is…. Read More »
Student Loans are Difficult – But Not Impossible – To Discharge in Bankruptcy
When we think of bankruptcy, we tend to believe that pretty much every debt is discharged when you file for Chapter 7 bankruptcy. But there is one type of debt that burdens thousands of people every day, that is, as of right now, almost impossible to discharge in bankruptcy: Student loan debt. Differences in… Read More »
Your Property May Not be Worth Much – But That’s a Good Thing
In our everyday lives, we usually don’t give much thought to what the value of our property may be. But if you file for Chapter 7 bankruptcy, the value of your property becomes a very crucial issue in your case. In some cases, what your property is worth can be the difference between losing… Read More »
In Bankruptcy, You Can Own Property Without Owning Property
Here’s a riddle: How can you own property, but legally, not own that same property? The answer is one that exists in the legal world, and which has special impact in the bankruptcy world. If you’re filing Chapter 7 bankruptcy, understanding the different kinds of ownership can be the difference between being legally able… Read More »
How Can Chapter 13 Bankruptcy Help if You Are In Foreclosure?
If you are in foreclosure, you may be looking at a way to save your home. We recently wrote about Chapter 7 bankruptcy and what it can and cannot do to help you if you are in foreclosure. One thing that Chapter 7 cannot do is save your home, at least not directly. But… Read More »
How Can Chapter 7 Bankruptcy Help if You Are In Foreclosure?
If you are facing foreclosure, or think you could be, there are many answers and defenses that you can raise to the foreclosure. But what about bankruptcy? Can a bankruptcy help you avoid a foreclosure, or keep your home? The Automatic Stay The first benefit of filing for a bankruptcy if you are in… Read More »
Inherited IRAs and Bankruptcy
Retirement accounts are typically exempt from bankruptcy. This means that if you have money saved in a retirement account, such as a 401(k) account, a bankruptcy trustee can not utilize any of those monies in order to repay your debts. This is important to remember because your retirement accounts are essentially safe and secure… Read More »
History of Bankruptcy in America and Why it Matters
The theory as to the origin of the word bankruptcy is from the Latin words bancus (bench) and reptus (broken). It symbolized the banker who sat on a public bench. When the banker could lose all of his money and not have the ability to meet his obligations, his bench would be broken. Learn… Read More »
