How Small Business Owners Can Get Rid of Their Debt The Covid-19 Pandemic has created more “Alligators” than any business needs. Small Business Owners especially have been saddled with this “monster alligator”. Many are struggling to survive, wondering if they even...
Helping You Through
The Financial And Legal Challenges You Are Facing
Guidance
Save Your Small Business – SBRA / Subchapter 5 in Chapter 11
Help your Clients Get Relief from Personal Guarantees on Business Debt thru the SBRA. More and More Small Business Owners are struggling with debt not only on their business but personally as well. That’s because almost all small business debt is personally guaranteed...
Eliminate small business debt and personal liability
New Subchapter V Saves Local Trucking Company The case referred to above was filed shortly after the new law went into effect and was recently confirmed as a Consensual Plan resulting in cash flow savings of well over $7,500.00 per month which allows the family owned...
What’s In It For Small Business Owners?
Covid 19 Coronavirus Pandemic Bankruptcy Help – Subchapter 5 Chapter 11 Florida The New Subchapter V of Chapter 11 Small Business Bankruptcy Florida protection became effective on February 19, 2020. More than just lip service to small business owners, the...
Retirement Funds “Safe” in Bankruptcy? Not so fast!
Everyone “knows” 401K funds, IRA’s and other Retirement funds are exempt in bankruptcy, “. . . to the extent that those funds are in a fund or account that is exempt from taxation under section 401,403,408,414,457 or 501(a) of the Internal Revenue Code of 1986. 11...
Chapter 12?
Most people think Bankruptcy falls under either Chapter 7 or Chapter 13. These are the basic consumer formats. Chapter 7 is basically a straight liquidation of non-exempt assets; while Chapter 13 supposedly allows a debtor to retain non-exempt assets through what is...
Seniors: The Next Wave of Bankruptcies?
The rate of people over the age of sixty-five who are filing bankruptcy has more than tripled since 1991, according to recent study done by the “Consumer Bankruptcy Project”. Continuing at the current rate, Bankruptcy Courts will soon be overrun with the financially...
What Does A Bankruptcy Attorney Actually Do Besides File Bankruptcies?
I recently had a client come to me seeking bankruptcy help because she could no longer pay her bills due to an accident injury that left her unable to work. The wife of a retired Police Officer, she was mortified by the thought of having to file bankruptcy, but didn’t...
How Do I Value My Possessions When I File?
Most people tend to grossly overvalue their possessions for Bankruptcy valuation purposes. It’s not how much you paid for them. It’s not how much you would have to spend to buy new or replace them. Nor is it what someone has listed similar items for in the paper or...
What to do If You Can’t Afford a Chapter 7 Bankruptcy Lawyer
People sometimes think they can’t afford an attorney to file Chapter 7 bankruptcy. They might consider the following alternatives. File on your own Obtain assistance from a free clinic or legal aid society in your area Find a pro bono attorney File for Chapter...