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A common question we receive from those considering bankruptcy is how it impacts personal guarantees. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee. Does a Personal Guarantee Survive Bankruptcy? What Is a Personal Guarantee?
When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation. Payday loans.
If you’re struggling with crippling debt this holiday season, filing for bankruptcy may be your best option for getting your finances back on track. Here’s what you need to know about getting through the holidays during bankruptcy. Those who are about to file for bankruptcy should also avoid accumulating substantial debt.
Filing for bankruptcy is an important step for many individuals looking to overcome debts. Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy.
Are you wondering how to file bankruptcy Chapter 7? Or if filing for bankruptcy is right for you? If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcylawyer can help you determine your best options and give you some clarity on how the process works. What is Chapter 7 Bankruptcy?
If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. In these situations, or if your medical debts have become overwhelming, you can declare bankruptcy. Bankruptcy Code. Contact Indiana BankruptcyLawyers.
Meek have been recognized in the January 2022 issue of Lawdragon’ s “500 Leading Bankruptcy & Restructuring Lawyers” List. Lawdragon says, “The start of the pandemic brought expectations for mountains of commercial bankruptcy work. A good lawyer can make all the difference. ” Erich N.
When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.
Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.
Credit card debt is a huge reason people end up filing for bankruptcy. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.
If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. About Bankruptcy.
Creating a Life Free From the Burden of Unpaid Debt Bankruptcy can be a way out for many people struggling with debt. Understanding what debts bankruptcy can eliminate is important. Unsecured debt is a type of debt that is not backed by collateral. Some debts stay with you even after bankruptcy.
If you’re struggling with overwhelming debt, you may be wondering if bankruptcy is the right solution for your financial situation. One of the most common questions people have is “How Much Debt is Needed to File for Bankruptcy?” However, that doesn’t mean bankruptcy is the best option for everyone with debt.
You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.
Bankruptcy and Restructuring Lawyers. Derek is the chair of the firm’s Creditors’ Rights and Bankruptcy practice group and a Fellow in the American College of Bankruptcy. Mike is also a partner in the firm’s Creditors’ Rights and Bankruptcy Practice Group.
Before someone makes a bankruptcy filing, it is not uncommon for debtors to feel as if they have to make some tough decisions. But this decision to prioritize paying a single creditor over another can complicate their case should they decide to start bankruptcy paperwork. Which creditors can they pay?
When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.
People file for bankruptcy for any number of reasons, from job loss, to unpaid medical bills , to sky-high credit card bills. And it’s not an uncommon event either– roughly 375,000 people filed for bankruptcy in 2022 alone. There are some debts that filing for bankruptcy will not discharge. What do we mean by this?
Wiping Out Your Bankruptcy Attorney Fees Along With Your Debts Filing for bankruptcy can feel overwhelming, especially when figuring out which debts can be discharged. The good news is that working with a bankruptcy attorney in Denver, Colorado, can make things easier. What are My Bankruptcy Options in Colorado?
What Our Bankruptcy Attorneys Can Help With When Filing Bankruptcy in Colorado Financial burdens and the possibility of a new beginning can trigger various emotions. If you have already decided to file for bankruptcy, it is crucial to tackle this challenging undertaking with a balanced mentality.
Filing for Chapter 13 bankruptcy can help you improve your financial situation. If the bankruptcy court has your Chapter 13 bankruptcy dismissed, you’ll need to refile or find another method for overcoming your debts, such as Chapter 7 bankruptcy. Bankruptcy dismissals have nothing to do with unloading debts.
Find Out the 10 Common Questions About Bankruptcy with Colorado BankruptcyLawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?
Declaring Chapter 7 bankruptcy may be the best solution in cases like this. There are effects that should be considered, preferably alongside a bankruptcy attorney. What is Chapter 7 Bankruptcy? Filing for bankruptcy is more common than you might think. But what exactly is a Chapter 7 bankruptcy?
If you’re considering bankruptcy, you may wonder which filing type is right for you. The two basic types of bankruptcy classifications for individuals and families are Chapter 7 and Chapter 13. Have additional questions regarding bankruptcy or reaffirming secured debts? Who Is Eligible for Chapter 7 Bankruptcy?
If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. In these situations, or if your medical debts have become overwhelming, you can declare bankruptcy. Bankruptcy Code. Contact Indiana BankruptcyLawyers.
Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. For experienced bankruptcylawyers in Indiana, contact Sawin & Shea, LLC.
Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.
With the recent uptick in energy-related bankruptcies expected to continue for the foreseeable future (in one prominent example, industry giant Weatherford has just filed for Chapter 11 protection), oil and gas royalty owners need to be on alert. In re First River Energy, LLC , 2019 WL 1103294 (United States Bankruptcy Court, W.D.
It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy.
They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. To speak with a Colorado attorney experienced in debt relief and bankruptcy, call The Law Office of Clark Daniel Dray at (303) 900-8598 or use the tool below to scheduled a free consultation.
Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?
Commons examples of first day motions include: (1) Motion to Use Cash Collateral; (2) Motion to Pay Prepetition Payroll; and (3) Motion for Order Authorizing Payment of Critical Vendors. Motion to Use Cash Collateral. Cash collateral is a liquid asset that is subject to a lien or security interest of a creditor.
Additionally, bankruptcy courts have imposed practice bans against UpRight in at least four jurisdictions. In the current matter, the USTP alleged that UpRight engaged in misconduct and misrepresentations impacting hundreds of Montana consumers, which came to light due to investigations by the USTP in two bankruptcy cases.
However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Consider bankruptcy: Don’t be scared. Call a bankruptcy attorney for a free consultation. Call a lawyer. You might be surprised at what you learn.
However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. Consider bankruptcy: Don’t be scared. Call a bankruptcy attorney for a free consultation. Call a lawyer. You might be surprised at what you learn.
Ipso facto clauses are sometimes included in lease and purchase contracts, and they assert that if the lessee or purchaser becomes insolvent, or files for bankruptcy protection, then the contract has been breached. Because Bankruptcy Code was enacted “in pursuance” of the U.S. The Bankruptcy Code On Ipso Facto Clauses.
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