Monthly Archives: September 2023
Getting Relief from Student Loans through Bankruptcy
Student loan payments will soon resume, and borrowers cannot expect forgiveness under the Biden Administration’s previously proposed plan for loan cancellation. To be sure, the U.S. Supreme Court struck down the plan to cancel between $10,000 and $20,000 of federal student debt for each borrower earning under a certain amount each year. As a… Read More »
Residency Requirements for Florida’s Homestead Exemption
If you own real property in Florida, and if you currently live in the state and are thinking about filing for Chapter 7 bankruptcy, you might know a little bit about Florida’s extremely generous homestead exemption. As you might know more broadly, in a Chapter 7 bankruptcy case, all assets that are “exempt” under… Read More »
Is Subchapter V Bankruptcy Available for My Business?
Is your business currently struggling with debt? Many small businesses in South Florida are facing financial difficulties, and many are considering the possibility of bankruptcy. While Chapter 7 bankruptcy cases for businesses do require business closure, reorganization bankruptcies are much different. The most common type of reorganization bankruptcy for businesses is Chapter 11, although… Read More »
