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Five Burr Attorneys Named to Lawdragon’s 2022 “500 Leading Bankruptcy & Restructuring Lawyers” List

Burr Forman

In his bankruptcy practice, Eric focuses on representing creditors, including financial institutions, special servicers, private equity groups, and other non-traditional lenders as well as other secured and unsecured creditors in state and federal court litigation, chapter 11 bankruptcy cases, and in out-of-court workouts and resolutions.

Lawyers 52
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What Assets Do You Lose in Chapter 7?

Sawin & Shea

If you are not, this test determines how much you are required to pay back to your unsecured creditors in a Chapter 13 reorganization. Instead, they’ll merely sell non-exempt property and assets to pay off a portion of debts to unsecured creditors. Indiana’s median income changes from year to year.

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Using a Preliminary Injunction to Restrain Debtor’s Funds

FFGN COLLECT NY

Therefore, New York’s highest court has made it clear that preliminary injunctions are not available to unsecured creditors to restrain a debtor’s asset transfers during the pendency of an action for money damages. We have the experience that pays.

Debtor 52
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What Should You Know About Medical Debts & Bankruptcy?

Sawin & Shea

Many Chapter 13 Debtors pay pennies on the dollar back to their unsecured creditors. After you have completed your Chapter 13 payment plan, if there is any remaining unsecured debt, it will be discharged with a few exceptions like some taxes, most student loans, and child support.

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What Is An Insolvent Estate? All You Need To Know

Hudson Weir

The creditors will then be repaid using funds from the estate in the following order of priority: Secured creditors (e.g. mortgage loans) Funeral expenses Testamentary expenses (expenses incurred by the personal representative in administering the estate, e.g. legal fees) Preferential creditors Unsecured creditors (e.g.

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Pre Pack Administration: What It Involves And How To Do It

Hudson Weir

For a pre pack administration to take place, the procedure must be in the best interests of the company and its creditors. The company must be insolvent and unable to repay its unsecured creditors. . A pre pack administration is often justified where it results in a greater result for unsecured creditors than a liquidation.

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

We have years of experience assisting Indiana residents with the bankruptcy process, and we offer FREE consultations. The reason why creditors prefer you file Chapter 13 is because Chapter 7 bankruptcy discharges unsecured debts after the trustee liquidates nonexempt assets. What Is a Chapter 13 Bankruptcy Filing?