Are you feeling overwhelmed by mounting debts and endless bills? You're not alone, and there is a way out. Bankruptcy might sound intimidating, but it can be a powerful tool to help you take back control of your finances. In this blog, we’ll explore how filing for...
Chapter 7
Can Chapter 7 bankruptcy wipe out all your debts?
If you are considering filing for Chapter 7 bankruptcy, it is crucial to understand that you may not be able to wipe clean all your debts. While this form of bankruptcy could provide significant relief, certain obligations remain your responsibility even after...
Can a court deny a Chapter 7 discharge?
Imagine finally finding relief from the overwhelming debt weighing you down. You've taken the brave step of filing for Chapter 7 bankruptcy, and you're looking forward to a fresh start. But what if the court denies your discharge, keeping you stuck with the debts you...
Errors to avoid when filing for Chapter 7 business bankruptcy
Struggling with debt can be overwhelming, especially for owners of small and mid-sized businesses. When facing financial hardship, Chapter 7 bankruptcy may seem like a viable option. However, the process can be complex due to various pitfalls. If you are a business...
Can I lose my home after filing for bankruptcy?
For property owners, filing for bankruptcy may sound scary. This process helps address overwhelming debt by organizing assets and paying off creditors while receiving the court's help to determine relief options through discharges and other arrangements. This process...
What can impact eligibility for discharge in a Chapter 7 case?
Filing for bankruptcy is often the final resort to addressing overwhelming debt. In Chapter 7 cases, debtors can find help organizing their assets and relieving specific loan types based on their circumstances. This option can also help them receive discharge releases...
How does filing for Chapter 7 affect your employees’ 401(k)?
As a business owner considering Chapter 7 bankruptcy, you might feel concerned about your employees' future — particularly their 401(k) plans. Bankruptcy does have implications for these defined contribution plans. But fortunately, government protections exist for...
A business’ situation dictates which bankruptcy chapter to use
Florida businesses will inevitably have their ups and downs. If there are financial issues and bankruptcy is needed, it is important to have an idea of the preferable option based on the circumstances. This is when it is important to know whether the business can...
Are you considering rebuilding your business after bankruptcy?
Reviving your business following Chapter 7 bankruptcy presents challenges. You're likely to encounter various challenges along the way. These challenges may include issues about your credit status, business funding and court regulations. However, while this path may...
Sharing bankruptcy news with employees
When you decide to file for bankruptcy to avoid further debt or reorganize your business, you are required to inform your employees, which will likely cause specific concerns. It's important to understand the best methods to share this news with your employees and to...