Bankruptcy: What is a 341 Meeting?

In a previous article, I provided a list of questions you’ll need to answer at a 341 meeting and since then many of you have asked me to explain more about this meeting. A 341 meeting, also called a First Meeting of Creditors, must be held in every bankruptcy case. The Bankruptcy Clerk of Court […]

Why Tampa Bankruptcy Lawyers Should Work Closely With Debtors In Possession

When a business is struggling to meet its debt obligations filing for Chapter 11 bankruptcy may provide some relief.  Chapter 11 allows businesses the opportunity to restructure their debt without having to liquidate any of their assets. Furthermore, as soon as the Tampa bankruptcy lawyer files the petition for Chapter 11 protection the debtor will […]

Filing For Bankruptcy In Business

When a company faces financial problems, their options are somewhat limited compared to the options for an individual with financial trouble. For individuals, creditors are often willing to negotiate repayment terms and provide some concessions for the debtor. As a business, creditors may not be willing, or have the ability to negotiate payment terms for […]

Bankruptcy: Life After

Deciding to file for bankruptcy is an emotional and difficult time. It is something that many of us never saw in our future and something that leaves us with an uneasy thought of “what’s next” or “what’s going to happen to my future”. Like many setbacks in life, there is always a chance to recover. […]

Hire Bellaire Bankruptcy Attorney for overcoming Financial Crisis

Bankruptcy is a legal code that says that any person or organization is bound to be bankrupt if it does not repay the debts to the creditors. In that case, the creditors can file a bankruptcy petition against the illegal debtors. Some of the common bankruptcy statuses include of false statements, conflicts of interest, fraudulent […]

Bankruptcy Questions- Free Related Roadmap For Florida Bankruptcy Laws

An entity that files a bankruptcy petition is, effectively, looking for protection by the court ( that is, by the legal system ) from creditors. The rights enjoyed by a DIP granted bankruptcy protection In addition to the rights of creditors coping with a DIP, can vary between jurisdictions. Parties are ordinarily referred to consultant […]

The Truth About Bankruptcy Mortgages

Under the Insolvency Act of 1986, Bankruptcy applies to any individual debtor who is unable to repay their debts within a given time. If you are declared Bankrupt and need a Bankruptcy mortgage from a professional Bankruptcy mortgage lender, you will be subject to certain restrictions which include access to credit. Around 12 months later, […]

California Bankruptcy Court- Interesting Guide For Bankruptcy Chapter 11

When filing for bankruptcy, you will have to complete the necessary official Bankruptcy forms, as well as submitting a considerable number of extra documents to the court, if they’re requested. To be sure that the official Bankruptcy forms are completed properly, there will be lots of paperwork that really must be completed, and you will […]

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