by admin | May 7, 2021 | 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...
by admin | Apr 14, 2020 | 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,...
by admin | Mar 24, 2020 | Bankruptcy
During tough times, many business owners decide to wind up their existing business to move onto other opportunities rather than keep operating a business at a loss. Some reasons for closing or winding up a business may include, but are not exclusive to, the following:...
by admin | Mar 12, 2020 | Bankruptcy
A bankruptcy discharge is the goal of any bankruptcy filing and is entered at the end of the case. The discharge releases the debtor from the specific types of debts that were included in the bankruptcy and where a creditor received notice of the case. The order of...
by admin | Jan 11, 2020 | Bankruptcy
Upon the filing of a bankruptcy case, a bankruptcy estate is created from all the property in which the debtor has an equitable or legal claim. The debtor can protect property and take it out of the estate by claiming exemptions. The state of Florida provides debtors...
by admin | Dec 27, 2019 | Bankruptcy
Bankruptcy exemptions protect the debtor’s, the person filing bankruptcy, assets. So think of the exemptions available in your state as a magic invisibility cloak that takes that assets, or a portion of the value of an asset, out of consideration when the trustee is...
