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June 2017 Archives

What should I submit with my Chapter 11 bankruptcy application?

Chapter 11 bankruptcy is a form of reorganization bankruptcy that is usually pursued by businesses and corporations. However, individuals may also be able to file for Chapter 11 in some cases. As a reorganization bankruptcy, debtors are not required to liquidate their assets to pay off debts. Rather, they agree to a court-approved payoff plan. Once, the payments of this plan have been successfully completed, any remaining debts covered by the bankruptcy are dissolved.

How does a recent SCOTUS ruling for big banks impact consumers?

The Supreme Court of the United States (SCOTUS) recently ruled on a case that questioned the protections available under the Fair Debt Collection Practices Act. The case specifically delves into whether or not companies that purchase debt and attempt to receive payment from consumers are subject to the laws present within this act.

Florida cancer care companies face debt restructuring

Recently, 21st Century Oncology, which is based out of Fort Myers, filed for Chapter 11 bankruptcy reorganization. This action creates uncertainty about the future of over 100 cancer treatment clinics that are located here in Florida.

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