When consumers file bankruptcy they usually file under Chapter 7 or Chapter 13. Chapter 7 is the most popular, accounting for about 60% of all filings, with Chapter 13 occupying the second place [...]
Words that you might hear from your bankruptcy attorney are fraudulent transfer, preference or preferential payment, and clawbacks. What are these and, more importantly, should you be concerned? [...]
People often don’t realize that there are more than one choice when filing bankruptcy. The two most common types are Chapters 7 and 13. Briefly, Chapter 7 is what most people think of when [...]
The objective of every bankruptcy is to receive a discharge. The discharge says that all debts not specifically excepted are discharged, meaning the creditor holding the debt cannot collect. The [...]
On August 1, 2019, the Senate passed the Family Farmer Relief Act of 2019, a bipartisan bill that had already been approved by the House. The bill now goes to the president, who is expected to [...]
For most people bankruptcy is a once-in-a-lifetime thing. In rare instances it becomes necessary to file a second or even a third time. Usually these cases are separated by several years, if not [...]
Thank you readers for your questions about Schubach Jewelers. While I don’t have all the answers, I do appreciate hearing from you. Today, I’m answering a question posed by Jessica. [...]
A New Zealand cryptocurrency exchange, Cryptopia Limited, filed bankruptcy in New York under Chapter 15, seeking the United States’s recognition of its liquidation proceeding filed in its [...]
Women’s clothing store Dressbarn is among the latest brick and mortar retailers to throw in the towel. Dressbarn’s parent company, Ascena Retail Group, which also owns Lane Bryant, [...]
Many contracts, including residential leases, service contracts, licenses and supply agreements, have termination provisions that are to take effect automatically upon bankruptcy by one of the [...]
