Many debtors contemplating filing for bankruptcy have never heard of a Chapter 12 bankruptcy. This unique bankruptcy filing is only available to owners family farmers or those in similar employment situations. Chapter 12 options first became available in the 1980s to...
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Year: 2018
Why social media is not your friend during bankruptcy
Did you know that a creditor can use your posts on social media profiles against you, even if they are set to private? If you file for bankruptcy, be aware that what you post can and will be used against you. Honesty is mandatory If you are a very public person or you...
Could filing for Chapter 11 bankruptcy save your business?
If Black Friday sales failed to get your small business out of the red, you may have to seek further debt solutions like a Chapter 11 bankruptcy. While bankruptcy shouldn't be your first choice for a solution to your debt problem, it can be an effective way to...
Who can file for Chapters 11 and 13 bankruptcies?
The first thing that debtors often ask their bankruptcy attorneys is what property they will be allowed to keep and what they will need to surrender. The property you are permitted to keep is known as "exempt" property. Chapter 11 and Chapter 13 bankruptcies are debt...
Could you sabotage your own bankruptcy filing?
If you have decided to file for Chapter 13 bankruptcy, you may have heaved a sigh of relief. You won't have to surrender your property and have bought yourself the time to disentangle yourself from the chains of debt. But before you drop your guard entirely, it's...
Benefitting from a Chapter 11 automatic stay
If you are a business owner in the state of Florida and you are struggling with overwhelming debts, you have many options available to you. Some of the most common problems that business owners have to deal with are cash flow issues and the way that the business is...
Common questions that farmers have about bankruptcy
If you are struggling with increasing debts as a farmer, it is always best to face your problems head-on rather than to simply hope they will go away. When looking at the problems that your farming business has, it can be difficult to know where to start. This is why...
What can you expect at a Chapter 11 meeting of creditors?
You made the decision to file Chapter 11 bankruptcy for your business. You have gone through the process of filing your bankruptcy petition with the court. Now the U.S. trustee is sending you a notice of a Section 341 Meeting of Creditors. What exactly is this meeting...
When is a Chapter 13 bankruptcy filing preferable to Chapter 7?
When a person is struggling with overwhelming debts, the right path for them to get a fresh start will depend on their specific circumstances. This is why there are so many types of bankruptcy to choose from. If you are considering filing for bankruptcy as an...
Chapter 11 bankruptcy can be beneficial for individuals
Chapter 11 bankruptcy is a type of bankruptcy that is most often associated with companies. This is because the filing makes it easier to deal with a situation in which there are high debts and high incomes involved. In the vast majority of cases, individuals benefit...