Bankruptcy is a legal process that can help individuals and businesses eliminate or repay their debts under the protection of the bankruptcy court. One type of bankruptcy that has recently gained … [Read more...]
Why is a bankruptcy discharge important?
posted on March 16, 2023
A bankruptcy discharge is an order issued by the bankruptcy court that eliminates certain debts, allowing the debtor to move forward with a fresh start. The significance of a bankruptcy discharge … [Read more...]
The Great Auto Bubble, Repossession & How Chapter 13 May Help
posted on July 17, 2022
In 2020 and 2021, consumers’ incomes were temporarily high as the pandemic brought about debt forbearance, pandemic stimulus checks, enhanced unemployment benefits, and, in some cases, forgiven loans … [Read more...]
Bankruptcy Filing Often Follows Attempted Debt Consolidation
posted on July 6, 2022
Debt consolidation is one strategy to pay debt (credit cards, medical bills, personal loans, business debts, civil judgments, etc.) and works by placing all of the existing balances on one loan. It … [Read more...]
Chapter 7 Bankruptcy Trustees Receive Fee Bump
posted on July 6, 2022
Chapter 7 Trustees are receiving a fee increase. Bankruptcy courts will begin processing an additional $60 per case payment to eligible chapter 7 bankruptcy trustees for applicable cases filed or … [Read more...]
Tax Debt? Know the Difference Between Chapter 13 and Chapter 7 Bankruptcy
posted on June 6, 2022
Owing the IRS is never pleasant, but with a stubborn high inflationary period settling in, it may be an option to deal with your tax debt in a bankruptcy. Fortunately, it is possible to discharge … [Read more...]
Expiration of Nonpayment Eviction Protection in Virginia
posted on June 1, 2022
A number of protections for Tenants in nonpayment eviction cases are set to expire in Virginia. Full protections as imposed by the Virginia General Assembly during the COVID-19 state of emergency … [Read more...]
Can Incapacitated Individuals File Bankruptcy?
posted on May 23, 2022
Absolutely. The Bankruptcy Code expressly contemplates that incapacitated individuals can be bankruptcy debtors and subsequent Court decisions concur. Under Section 301 of the Bankruptcy Code, a … [Read more...]
2022 Rebound Expected for Consumer Bankruptcy
posted on January 10, 2022
It's counterintuitive for many, but consumer bankruptcy filings in 2021 were at a low level not seen since the 1980s. This is attributable to several factors: 1. Eviction moratoriums, foreclosure … [Read more...]
Ruby Tuesday Attempts CH11 Reorg
posted on October 7, 2020
Ruby Tuesday filed a petition under Chapter 11 on Wednesday in Delaware, saying it needed the protection of bankruptcy to address financial problems caused in part by the COVID-19 outbreak. Based … [Read more...]
