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When they enter my office they are going to be met by our friendly staff who will greet them and ask them if they want anything and our staff basically starts the whole process off.

What Is The 341 Meeting Of Creditors?

Corporations (including Not-For-Profit Corporations), Partnerships, and Individuals who exceed the debts limits for a Chapter 13 are candidates for a Chapter 11.

After the filing of the case the first motion usually filed is for a Cash Collateral Order.

After decades of helping individuals and businesses one thing is clear. Each client is unique and that includes their problems, situations, and possible solutions.

For reorganizations there are 2 main Chapters available: Chapter 13 and Chapter 11. Only an individual may file a Chapter 13.

A chapter 7 bankruptcy is a filing with the U.S. bankruptcy court to obtain a discharge of listed debts. In other words, at the end of the bankruptcy, the debts listed you will not be owed money anymore.

A chapter 13 is a form of a repayment plan. Certain debts have to be paid 100%.

Banks, credit card companies, and finance companies insist that Bankruptcy is the last resource. Why?

Bankruptcy law allows “cram down” or “bifurcation” of a secured debt.