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Be Careful When Searching “Bankruptcy Attorney Near Me”

Looking for an attorney can be an incredibly stressful time - especially if it is a bankruptcy attorney. When people look for a divorce attorney, or a real estate attorney, they normally ask people they trust for a recommendation. With the embarrassment most people feel about needing to consult with a bankruptcy lawyer, they often turn to Google and type [...]

2020-12-10T01:43:43+00:00Uncategorized|

SBRA – Helping Individuals with Business Debt

What is the SBRA? It is the Small Business Reorganization Act of 2019 which was recently signed into law by President Trump. The law passed in August 2019. It will take effect on February 22, 2020. SBRA creates a new subchapter in the United States Code related to Chapter 11 bankruptcy. As a result, small business owners will have more [...]

2020-01-18T01:14:01+00:00Uncategorized|

Cramdown – Reducing Debt in a Chapter 13

Through Chapter 13 bankruptcy, a debtor’s obligations aren’t fully discharged. Rather, they are restructured to allow creditors to get some of the money they are owed. Meanwhile, debtors benefit from a more realistic payment schedule. A "cramdown" is one way to reduce payments in a Chapter 13 bankruptcy. The cramdown is a way to reduce the principal balance or interest [...]

Chapter 7 Bankruptcy: What Happens at the Meeting of Creditors?

You have filled out your bankruptcy paperwork, provided all the necessary documentation, and we have filed your petition for relief. Now, it’s time to get ready for the meeting of creditors. This meeting is also known as a 341 Meeting or the Meeting of Creditors. During this meeting, the trustee overseeing your bankruptcy case will ask a list of questions. [...]

2019-03-20T15:23:52+00:00Chapter 7, Uncategorized|

5 Benefits of Mediation Over Litigation

Litigation and mediation are both dispute resolution tools. Two, or more, parties can utilized either when there is a dispute that cannot be resolved amicably. Litigation means that one or more of them have decided to bring a lawsuit in front of a court of law. A judge will decide the outcome of their disagreement. A judge makes a decision [...]

2018-10-20T14:42:04+00:00Blog, Uncategorized|
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