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Sawin & Shea
APRIL 10, 2024
Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. In this blog, we discuss what assets and property a debtor may lose in Chapter 7 bankruptcy.
Burr Forman
JANUARY 26, 2022
In addition, he serves as the Atlanta Office Managing Partner while practicing in the firm’s Creditors’ Rights and Bankruptcy and Lending Practice Groups. Hall was named in the Bankruptcy & Creditors’ Rights, including Litigation specialty. Golden was named in the Bankruptcy & Commercial Litigation specialty.
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FFGN COLLECT NY
SEPTEMBER 8, 2022
Let’s say your company has a corporate debtor that owes your company a sizable debt. You are concerned that the debtor is in poor financial condition, and that by the time a lawsuit commences and a judgment is obtained, the debtor will not have any assets available to satisfy the outstanding debt.
Jimerson Firm
FEBRUARY 11, 2022
When a property owner files for bankruptcy, a “Notice of Commencement of Case” will be sent to all creditors listed in the owner’s bankruptcy petition to let them know that the bankruptcy has been filed and to provide deadlines for key events in the bankruptcy. See 11 U.S.C. § See 11 U.S.C. In re Gencor Industries, Inc. ,
Sawin & Shea
APRIL 17, 2024
We have years of experience assisting Indiana residents with the bankruptcy process, and we offer FREE consultations. The court will then order a bankruptcy stay — also called an automatic stay — that prohibits creditors and lenders from collecting what you owe. Do Creditors Prefer Chapter 13 Bankruptcy?
Sawin & Shea
NOVEMBER 1, 2023
Non-exempt items could be taken, liquidated, and the proceeds used to help pay your creditors something. Many Chapter 13 Debtors pay pennies on the dollar back to their unsecured creditors. However, each state has a statutory structure that determines what assets you can hold onto thoroug the bankruptcy process.
BN Lawyers
MARCH 23, 2020
Work with Creditors. Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. Many creditors will be willing to work with businesses. Creditors face their own pressures. To the extent possible, payments to creditors should be delayed while negotiations are ongoing.
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