Bankruptcy Blog
Are Unemployment Compensation Payments Exempt
Are Unemployment Compensation Payments Exempt? As of April 16, 2020, more than 22,000,000 people in the United States have filed for unemployment assistance, “a staggering loss of jobs that has wiped out a decade of employment gains and pushed families [...]
Small Business Reorganization Act of 2019 (SBRA)
Small Business Reorganization Act of 2019 (SBRA)The Small Business Reorganization Act of 2019 (SBRA) was signed into law on August 23, 2019. Although the name of the act references business, this new type of Bankruptcy reorganization can also be used [...]
Chapter 13 Bankruptcy Hardship Discharge
Chapter 13 Bankruptcy Hardship Discharge When you file for Chapter 13 bankruptcy you will create a Chapter 13 plan, which will require you to make monthly payments to a Chapter 13 Trustee. You are responsible for making these plan payments from three to five [...]
Protecting your Home in Chapter 13 Bankruptcy
If you have fallen behind on your mortgage, you are far from alone. Americans across the country are having difficulty paying their mortgage as many struggle with being quarantined due to Covid-19. If you’re behind on your mortgage, there are multiple ways to catch up. Protecting [...]
The CARES Act Allows Some Chapter 13 Plans to Extend for 7 Years
With a global pandemic griping out country, we are facing unprecedented times and the emergence of a new, abnormal normal. Our children are out of school, our businesses are closing or closed, and we are strongly advised to protect ourselves by remaining isolated in our homes. [...]
The Effects of the Coronavirus on South Florida Bankruptcy
The Effects of the Coronavirus on South Florida Bankruptcy The Coronavirus (COVID-19) will have a significant and profound impact on everyone’s daily life. As of Monday, March 16, 2020, the Bankruptcy Court for the Southern District of Florida [Miami, Fort Lauderdale, and West Palm Beach divisions], [...]
Previous Posts
How Long Does Chapter 7 Bankruptcy Last?
How Long Does Chapter 7 Bankruptcy Last? In a Chapter 7 liquidation as opposed to a reorganizing your debts that with either a Chapter 11 Bankruptcy or a Chapter 13 Bankruptcy, your [...]
Advantages and Disadvantages of Filing for Bankruptcy in Florida
Advantages and Disadvantages of Filing for Bankruptcy in Florida Like everything in life, there are advantages and disadvantages of filing for bankruptcy in Florida. While these elements may affect filers differently, setting realistic [...]
Filing for Chapter 7 in Florida
Filing for Chapter 7 in Florida A chapter 7 bankruptcy gives you the chance to discharge your unsecured debts while retaining your exempt assets. The bankruptcy trustee will liquidate your [...]
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