Introduction Whatever is going on in today’s financial world, many individuals face the pressure and reality of bankruptcy. The decision to declare bankruptcy is never easy,
Demystifying Business Bankruptcy: Chapter 7 vs. Chapter 11 – Know the Key Differences
If your business is in financial distress, a bankruptcy could be a helpful tool to manage debt and reorganize operations. There are two common bankruptcy options for businesses: Chapter 7 and Chapter 11. Each chapter serves a distinct purpose and comes with its own set of rules and outcomes. This article will address the key differences between Chapter 7 and Chapter 11 bankruptcy, helping businesses understand which option may be more suitable for their financial situation.
This article discusses when the right time for an individual or a business may be to file bankruptcy. The article identifies 4 key ways that an individual or couple in financial crisis can determine if they should file bankruptcy.
It is not uncommon that individuals receive benefits from the government. Whether you are receiving social security retirement benefits, social security disability benefits, food stamps, housing or utility vouchers, you may wonder how bankruptcy will affect your benefits. You can rest at ease knowing that your benefits will not be affected by you filing bankruptcy. In most cases, your benefits are off limits.
Many people often fear that filing bankruptcy will ruin their credit forever. The truth is, bankruptcy is just on part of your financial strength. Here are
If your business’s financial situation is dreary, you may need to consider filing for bankruptcy. If your business leases space (or equipment) in order to operate,
My article was recently published in the Tampa Bay Bankruptcy Bar Association’s Cramdown Newsletter. My article reviews the United State Supreme Court case of Husky International
Are you a tenant behind on your rent? Here is what you need to know about filing for bankruptcy. Many people facing eviction often hear recommendations
When you file for bankruptcy, any asset you own is considered “property of your bankruptcy estate”. An asset is anything you own or have or control,
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