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As Congress reconvenes after the August recess, one major change on the horizon could bring significant relief to consumers and small business owners struggling with overwhelming debt. The U.S. Senate is expected to weigh an amendment that raises the debt limits for...
No single form of bankruptcy for Florida individuals and businesses is universally best. Your financial situation and goals will determine what type of bankruptcy is right for you. You will also have to fulfill certain eligibility criteria to qualify for a specific...
Many people who struggle with an increasing level of unpayable debt will face this critical question: “Should I file for bankruptcy?” Bankruptcy may seem overly drastic, but in many cases, it is the most viable option to come out of a financially stressful situation....
Corporate bankruptcy Chapter 11 is a protection offered to companies that are going through financial distress. In functional terms, this bankruptcy is quite similar to Chapter 13 because these both involve a repayment plan to meet debt obligations. But the key...
Bankruptcy for senior citizens and retirees is a sensitive issue, and they should know their options to make a well-informed decision. While seniors can file for bankruptcy, they should do it with legal guidance from a reputable and reliable Florida bankruptcy lawyer....
Declararse en bancarrota es una decisión difícil. Al llenarse de deudas, usted puede pensar que su única opción es entregar sus activos a los acreedores. Afortunadamente, al declararse en bancarrota bajo el Capítulo 13, existen opciones disponibles para que mantenga...
Filing for bankruptcy is a special decision. Bankruptcy may seem like your whole world is crashing down on top of you. But bankruptcy isn’t the entire weight of the world falling on you. Instead, it’s the weight of your debt burden being lifted from you and giving you...
Deciding to file for bankruptcy is a difficult decision. With mounting debts, you may feel you have no other choice but to turn over your assets to creditors. Fortunately, there are options available for you to save your assets, including Chapter 13 bankruptcy....
On behalf of Law Offices of Patrick L. Cordero, PA posted in Chapter 13 on Friday, January 14, 2011. The U.S. Supreme Court ruled on Tuesday that Chapter 13 debtors cannot take advantage of ownership-cost deductions for vehicles they own free and clear. The ruling was...
On behalf of Law Offices of Patrick L. Cordero, PA posted in Chapter 13 on Wednesday, March 30, 2011. Harry & David, the popular gourmet food company, announced earlier this week that the company has filed for bankruptcy protection. Bankruptcy proceedings began...