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What to Know about Filing Chapter 7 Bankruptcy

What to Know about Filing Chapter 7 Bankruptcy

              Chapter 7 bankruptcy, the most common type of bankruptcy filing, is a liquidation for a person or business. The petition (bankruptcy) filing asks the bankruptcy court to grant the debtor (person filing the bankruptcy) a discharge. The discharge is a...
Sole Member LLC Protection in Florida

Sole Member LLC Protection in Florida

             A Florida limited liability company with only one member, or owner, is called a sole member liability company (“sole member LLC”). Before moving forward with the formation of a sole member, it is crucial to understand how the liability...
What is Automatic Stay in Bankruptcy?

What is Automatic Stay in Bankruptcy?

THE AUTOMATIC STAY PROTECTION START WHEN THE CASE IF FILED  The automatic stay is a prohibitive injunction that prevents collection efforts by creditors after the filing of a bankruptcy case. In plain English, this stay legally prevents creditors from calling,...
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