Category Archives: Bankruptcy Attorneys
Should I File For Bankruptcy If Most Of My Debt Is From Student Loans?
Anyone who is thinking about filing for consumer bankruptcy but has a majority of their debt from student loans should work with an attorney to understand how student loan debt discharges work. It is important to know that student loans can be discharged in some bankruptcy cases, but student loans are much more difficult… Read More »
How Does My Income Affect My Eligibility For Bankruptcy?
Understanding how income affects a bankruptcy case can be complicated. Depending upon the type of bankruptcy you are considering or researching, you might learn that too much income can prevent you from being eligible to file for consumer bankruptcy. For other types of bankruptcy, you might learn that a regular income is necessary to… Read More »
Misconceptions About Bankruptcy
Whether you are researching different bankruptcy options yourself or speaking with friends, family members, or colleagues about bankruptcy, it is important to remember that many misconceptions about bankruptcy are shared routinely. While certain internet sites can provide you with helpful information, and sometimes family members or colleagues will be able to offer useful advice,… Read More »
Personal Guarantees And Business Bankruptcy: What To Consider
If you own a business and your business is considering the possibility of bankruptcy, it is important to consider whether you have made any personal guarantees for business loans or lines of credit and how any personal guarantees could impact the bankruptcy case or your personal finances. You may have provided a personal guarantee… Read More »
Things To Consider About Bankruptcy And Cosigners
There are many different situations in which an individual might ask a friend or family member to cosign a loan they are seeking, whether it is a loan for an automobile, for a mortgage, or for another asset. As the Consumer Financial Protection Bureau (CFPB) explains, a cosigner “takes full responsibility for paying back… Read More »
What Is The Difference Between A Dismissal And A Conversion Of A Bankruptcy Case?
If your business has filed for bankruptcy, or if you have recently filed for consumer bankruptcy as an individual, you may be wondering if it is possible to convert your bankruptcy case to another chapter. Or, in some cases, you might want to put an end to your bankruptcy case before a discharge occurs…. Read More »
Signs A Business Should Consider Bankruptcy
When should a business consider filing for bankruptcy? Making the decision to file for bankruptcy is not one that a business should take lightly, but it is also important for businesses in South Florida to know that filing for bankruptcy does not necessarily mean closing your doors. To be sure, businesses often file for… Read More »
What Are The Differences Between Traditional Chapter 11 And Subchapter V?
If you own a business and you are considering Chapter 11 bankruptcy, you may be wondering about the differences between a traditional or ordinary Chapter 11 case and a Subchapter V case. As you may know, Subchapter V of Chapter 11 became available to small business debtors through the Small Business Reorganization Act of… Read More »
What Documents Are Required For Chapter 11 Bankruptcy?
A traditional Chapter 11 bankruptcy case requires the debtor to provide many different kinds of documents and materials with their bankruptcy case, which will need to be in addition to the petition for bankruptcy. The specific documents and materials that you will need to submit will depend upon whether you are a business filing… Read More »
What Is An Involuntary Bankruptcy Under Chapter 11 Or Chapter 7?
When most individuals or businesses are considering the possibility of filing for bankruptcy, most of those debtors are thinking about voluntary bankruptcies, or bankruptcy filings in which they make the decision to file for bankruptcy. When a debtor makes the decision to file a bankruptcy petition, that type of bankruptcy filing is known as… Read More »