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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

Declaring bankruptcy will discharge most types of debt but not others. Before you declare bankruptcy, it’s crucial to understand how the law treats the concept of secured vs unsecured debt. It matters because not all debts are equal in the eyes of the law. Secured vs Unsecured Debt: What’s the Difference?

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SBA Loans: Offers in Compromise

Jimerson Firm

An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. All borrowers must submit their own offer in compromise to the lender or CDC. If the lender or CDC agrees with the offer, then it must send the offer to the SBA for approval. SOP 50 57 ; SOP 50 55.

Loans 96
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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is a Receiver, and Why are They Important?