Subchapter V bankruptcy offers many perks specifically designed for small businesses, but it can also offer some challenges. Tight Deadlines: One of the biggest challenges in Subchapter V … [Read more...]
Navigating a Lawsuit as a Business Owner: Key Considerations
posted on January 17, 2024
Facing a lawsuit is a significant challenge for any business owner. The key to effectively handling this situation lies in understanding the process and ensuring both your personal and business … [Read more...]
How Bankruptcy Lawyers Handle Residential Leases
posted on January 11, 2024
People experiencing financial hardship typically file for bankruptcy under either Chapter 7 or Chapter 13 of the United States Bankruptcy Code. Each chapter has its own implications for residential … [Read more...]
Bankruptcy Courts Try On ‘Zoom’ for 341 Hearings
posted on September 29, 2023
Driven in large part by the COVID-19 pandemic, the legal industry has seen a significant shift towards virtual proceedings. Among the various virtual tools available, Zoom has emerged as a crucial … [Read more...]
What are the benefits of a Subchapter 5 bankruptcy?
posted on March 23, 2023
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...]
