Bankruptcy

Finding yourself amid a financial crisis can be a daunting feeling. Although there are several ways to crawl out of debt and crisis, sometimes serious measures need to be taken for bouncing back from a financial mess. In such cases, hiring an attorney for bankruptcy can be your go-to solution. Accessing professional help can work out well in your favor. With the right help at hand,...

In a COVID-19 hit world, currently, many people are facing severe financial issues and as a result, considering filing for bankruptcy. The only problem is that it is difficult to get an estimate of how much will you have to spend in this process. People often find themselves perplexed when faced with questions such as ‘What are adversary proceeding attorney fees?’.  Having a fair idea of the...

Filing for Bankruptcy can have grave implications on your credit score. One of the major downsides to filing for bankruptcy is having a bad credit score for the following 7-10 years. This is why it can be particularly difficult for you to get a credit card after bankruptcy. (more…)

Many businesses have been facing considerable challenges in the times of COVID-19. While some have managed to scrape their way through, others are facing a tough time dealing with their situation and have to look at last resort options, such as filing for bankruptcy. (more…)

A Business Filing for Chapter 11 bankruptcy protection implies that the company is on the verge of bankruptcy, but believes that it can once again become successful if it is given an opportunity to reorganize its assets, debts, and business affairs. What should you do if you own or operate a business with mounting debts and your creditors have started to demand payments, which you are unable...

Chapter 11 bankruptcy is designed to allow struggling businesses restructure their finances & maximize return to their creditors & owners. Earlier, only large corporations could afford the costs associated with Chapter 11 bankruptcy. Fortunately, Chapter 11 has evolved, and large and small businesses can use it to stay open. Individuals who don’t qualify for Chapters 7 and 13 can file...

When you think about bankruptcy, you may think of it as an option.  In most cases, people make the decision to pursue financial relief by hiring an attorney and filing in court.  You may be surprised to know that you can actually be forced to file bankruptcy.  When we say “forced” we do not mean by circumstance, we mean “forced” by creditors or a governing body.  In many of our articles, we...

You went through the entire bankruptcy process.  You’re on the road to fixing your financial situation and you are informed that your bankruptcy filing has been revoked and the resulting terms nullified.  This can happen.  The debt that is discharged (unsecured debt) can be reinstated and you can be back at “square one”.  This is one of the major reasons you should use a lawyer and make sure...

Many think that bankruptcy is the final station on the train to financial ruin, but statutes under Title 11 of United States Code sets forth provisions that can help one maintain hope and bounce back. An individual struggling under the duress of debt can typically file for bankruptcy either under Chapter 7 or Chapter 13. Under Chapter 13 bankruptcy, an individual has the opportunity to...

There are a total of six types of bankruptcies defined under Title 11 of the United States Code. While some of them deal with corporates, municipalities, international debtors and farmers or fishermen, the most common types of bankruptcy filed by individuals and small businesses fall under Chapter 7 and Chapter 13. Chapter 7 involves discharge of certain debts without repayment, whereas...