Author Archives: Jay Butchko
Best Interests of Creditors in Chapter 11 Bankruptcy: What Does It Mean?
Chapter 11 bankruptcy is a type of reorganization bankruptcy that is typically filed by businesses, but in some cases, an individual will also file for personal bankruptcy under Chapter 11. In general, Chapter 11 bankruptcy is similar to Chapter 13 bankruptcy, but it has more requirements and complications. Since businesses are not eligible for… Read More »
Steps to Take Before You File for Personal Bankruptcy
Planning to file for personal bankruptcy can be a relief when you are struggling with substantial debts, but it can also be a stressful time as you work to determine precisely what you must do prior to filing your bankruptcy petition. Given that US bankruptcy law is incredibly complex, it is easy for an… Read More »
Will High Corporate Bankruptcy Rates Continue in 2024?
Business bankruptcies increased throughout 2023, and commentators regularly remarked on the rising rates of corporate bankruptcy filings under both Chapter 7 and Chapter 11. According to a recent report from NPR, consumers have been surprised to learn about recent business bankruptcies given that the economy has shown signs of improvement. Many of the 2023… Read More »
New Requirements Under the Corporate Transparency Act
What does your business need to know about the new requirements under the Corporate Transparency Act (CTA)? In addition to learning about the new requirements and how they will impact your business, it is also important to know that the experienced West Palm Beach business lawyers at Kelley Kaplan & Eller, PLLC are here… Read More »
What Business Owners Should Know About the Purdue Pharma Case
Can corporate bankruptcy cases release owners from civil liability for certain types of harm connected to the business? In other words, when the terms of a bankruptcy plan are beneficial to the individual business owners because the bankruptcy terms also limit the owners’ individual liability, can the bankruptcy case move forward? This is among… Read More »
Can I Sell My House During a Chapter 13 Bankruptcy?
Filing for Chapter 13 bankruptcy and going through the bankruptcy process involves more time than some debtors realize. Indeed, Chapter 13 repayment plans typically have a time frame of three to five years, which means that your bankruptcy case will be open (and you will be making monthly payments) during that period of time…. Read More »
Discharging Student Loans in the New Year
In the days, weeks, and months of every new year, debtors file for bankruptcy in order to get a fresh start financially. With changes to the process for having student loans discharged now firmly in place, debtors can file for personal bankruptcy and can go through a much simpler and less costly process to… Read More »
Small Business Losses and Filing for Bankruptcy
Small businesses in South Florida can be extremely rewarding for business owners to run, but they can also be stressful enterprises when the business is losing money for reasons related either to the business itself or to external factors. There are a wide range of small businesses throughout the West Palm Beach area, and… Read More »
Should I Continue Paying My Bills After Filing for Bankruptcy?
When you file for bankruptcy, you might be wondering: should I continue paying my bills once I file my bankruptcy petition? The answer to that question is more complicated than a simple “yes” or “no” answer, and the answer will depend upon your particular circumstances, the types of bills you have, and the type… Read More »
New Discharge Process Presents “Opportunity” Amidst Student Loan Crisis
Floridians, along with many Americans across the rest of the country, have been struggling with student loan debt. While many of those borrowers received a reprieve during the lengthy federal student loan payment pause, that pause ended recently and borrowers again owe monthly student loan payments. In the past, before the student loan payment… Read More »
