New Subchapter V has been added to Chapter 11 Bankruptcy Code. – Takes Effect 2020. Benefits: Small Business and Entrepreneurs Better Path for small businesses to restructure Reduce liquidations Save Jobs Increase $ recovered for creditors Recognize the value that America has for the entrepreneurs. Should streamline the bankruptcy process and allow businesses to recover […]
I came across the data below which is in line with what I have seen in my practice. More and more older adults need to file bankruptcy.
Did you ever notice a home in your neighborhood that looks like no one lives there? The grass is not mowed, it looks like a haunted house and zombies could come out at night from this home. These houses give a negative impression for you and your neighbors. These houses are common in many neighborhoods […]
Background: Husband and Wife as part of their marital settlement agreement obligated the debtor to pay most of the marital debts Settlement Agreement did not include a hold harmless or indemnification provision. Agreement was incorporated into State Court Order. Ex-wife filed motion in State Court alleging her former husband (Debtor) failed to comply with the […]