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September 2017 Archives

The financial impact of Hurricane Irma on Florida farms

Hurricane season is upon us, and Hurricane Irma has tragically led to destruction across Florida. It has threatened our lives, property and unfortunately will have implications for months or maybe even years to come. The full extent of the damage is still not easy to say at this point but it has been predicted that Irma could be responsible for the loss of crop production to the value of around $1.2 billion.

Can Chapter 13 bankruptcy payments be lowered?

When filing for Chapter 13 bankruptcy, you will have already had some financial trouble in repaying creditors. The purpose of Chapter 13 is to help people repay their debts in a way that they can afford, and to stop the harassment from creditors. It is already a great deal of work to create and submit the original paperwork, and the judge will only sign off a filing if he or she believes that it is realistic to pay off.

Tampa Bay nursing home files Chapter 11 bankruptcy

It has been announced that the GraceWood rehabilitation and nursing care facility has filed for Chapter 11 bankruptcy. They have decided to reorganize their business largely due to an overwhelming amount of accusations and consequential fines relating to patient abuse.

Reporting requirements for Chapter 12 bankruptcy

In the case of a Chapter 12 bankruptcy, a voluntary petition should be filed, and after this has been filed, a United States trustee may want to meet with you along with your attorneys. This is generally held within seven to 10 calendar days after the voluntary petition is filed. This meeting will be a general discussion on your financial situation and how Chapter 12 bankruptcy operates.

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