Monthly Archives: December 2024
Eligibility for Credit After a Bankruptcy Filing
Many debtors in South Florida who are experiencing significant financial struggle are considering the possibility of bankruptcy, but they have concerns about how a bankruptcy filing will affect their eligibility for credit after a bankruptcy case. There are many misconceptions out there about consumer bankruptcy, including how bankruptcy affects a person’s credit. The myth… Read More »
Can I Convert from Chapter 11 to Subchapter V?
If your business filed for a traditional Chapter 11 bankruptcy, is it possible to convert to a Subchapter V case? Or, vice versa, can a Subchapter V debtor convert to a traditional Chapter 11 bankruptcy? Our West Palm Beach business bankruptcy lawyers can discuss business bankruptcy conversion with you, and we can speak with… Read More »
What Are the Pros and Cons of Subchapter V Bankruptcy in Florida?
As you may know, Subchapter V was created in 2019 through the Small Business Reorganization Act (SBRA), and it went into effect in February 2020. The aim was for smaller businesses to have a more streamlined reorganization bankruptcy option. Subchapter V is a subchapter of Chapter 11, which means it is a form of… Read More »
Are All Debts Repaid in a Chapter 13 Bankruptcy?
Are you struggling with debt and considering the possibility of a Chapter 13 bankruptcy filing? If so, you may already be aware that Chapter 13 bankruptcy cases operate much differently than Chapter 7 bankruptcy cases for individuals. While Chapter 7 bankruptcies do not require debtors to repay any debts that are eligible for discharge,… Read More »
What Happens to Disability Benefits in Personal Bankruptcy Cases?
If you are currently receiving disability benefits and planning to file for bankruptcy in South Florida, or if you are intending to file for disability benefits or have an application pending, it is essential to understand how a bankruptcy filing could affect your disability benefits. Generally speaking, most disability benefits are “exempt” in a… Read More »
Property Liens and Bankruptcy
If you have a lien on your property, whether you are an individual or a business, what will happen to that lien when you file for bankruptcy? The answer to the question can vary widely depending on the type of lien and the type of bankruptcy you are filing. Understanding the differences among the… Read More »
What Does It Mean to Convert a Bankruptcy Case?
Whether you are trying to determine whether it is possible to change the type of bankruptcy case you have filed for, or you have learned about an involuntary conversion in your bankruptcy case, it is important to discuss the specific details of your bankruptcy with a West Palm Beach bankruptcy attorney. In the meantime,… Read More »
How to Plan for Bankruptcy Around the Holidays
During the holiday season, individuals and families in South Florida often struggle financially, and they try to think about ways to manage money during a time of the year that often requires a significant amount of spending. Each year, individuals and families alike try to set aside money to cover holiday season expenses, but… Read More »