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Chapter 11
Debt Relief Lawyer Brevard County, Florida
A garnishment is a powerful collection tool used by many creditors to collect on a judgment for money owed to them. Two Types of Garnishment The two types of garnishments are account garnishments and wage garnishments. The creditor directs your bank or employer to pay money that is owed to you, directly to the creditor...
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Small Business and Bankruptcy | Law Firm Melbourne FL
If you are the owner of a small business, your personal finances are probably closely linked with your business. Most small business owners invest a large amount of their time and money in trying to ensure their entity is successful. However, when the business faces financial struggles, it means the business owner is likely to...
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Chapter 7 and Chapter 13 Bankruptcy Attorney Melbourne, Florida
The automatic stay is a powerful benefit of filing a bankruptcy case. As soon as the stay is effective, your creditors are prohibited from taking further collection actions against you. As a result, a bankruptcy filing can be helpful when you are facing financial emergencies, including: Foreclosure. The foreclosure process is a collection activity halted...
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Defense against Debt Collection on the Space Coast
If you are one of the thousands of consumers that is facing overwhelming credit card debt, it may be time to consider filing a personal bankruptcy case. Filing a Chapter 7 or Chapter 13 can allow you to eliminate or discharge your credit card debt and obtain a fresh financial start. Other options besides bankruptcy...
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If you are facing collection lawsuits, filing a Chapter 7 or Chapter 13 bankruptcy can be an effective way to halt the lawsuit from proceeding. However, there are certain types of lawsuits that are not halted by a personal bankruptcy filing. Generally speaking, a suit that is seeking the recovery of money is stopped when...
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When you file a bankruptcy case, you obtain the benefit of the automatic stay. If you file a Chapter 13 bankruptcy, you are also given the “co-debtor stay.” The automatic stay prevents creditors from taking collection actions against you, while the co-debtor stay prevents collection against your family, friends or others who co-signed loans with...
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The primary goal of filing a personal bankruptcy is to eliminate debt or obtain a “discharge of debt.” What is a discharge order? A discharge order cancels your liability to repay the debt. As a result, many people save thousands of dollars by filing a Chapter 7 or Chapter 13 case, which is often referred...
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All debtors are required to attend a meeting of creditors, as required by Section 341 of the Bankruptcy Code. It is normal for you to feel nervous about appearing before the trustee and your creditors to answer questions under oath about your finances, but a seasoned bankruptcy attorney will make sure you are fully prepared...
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Many individuals believe that a Chapter 7 or 13 is the only bankruptcy relief available to them. However, a Chapter 11 isn’t only used for corporate restructures, it can allow an individual debtor to take advantage of a meaningful debt restructuring as well. When to Consider Chapter 11 You may be ineligible to file a...
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Sbarro, the popular pizza chain, filed Chapter 11 bankruptcy three months ago and has shown that the process can work. The company’s pre-packaged Chapter 11 plan, which reduces Sbarro’s debt by approximately 85%, has been approved and it took effect on June 2, 2014. Moving locations to reduce expenses Sbarro will be moving its company...
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