Merchant cash advances can provide an easy solution to a small business’s cash flow problem. However, these types of loans are often seen as predatory and, in some states, usury. While it can be a...
Bankruptcy is often used by both individuals and businesses to “wipe the slate clean” and get out from often crippling amounts of debt. Most bankruptcies filed are done so voluntarily by the debtor....
Are you in the process of a Chapter 13 bankruptcy, but eager to start rebuilding your credit? Maybe you have been considering paying off your Chapter 13 plan early. Or maybe you have been thinking...
A bankruptcy petition is not meant to clog up the courts forever. A case can either be discharged or dismissed once it has been filed. With a discharge, a debtor has performed their obligations under...
Bankruptcy can be a difficult and overwhelming experience for individuals and businesses alike. While it provides a way to eliminate or restructure debt, it also has a significant impact on credit...
When filing for bankruptcy, one of the most critical issues that a debtor must address is how their property will be classified. Bankruptcy law divides property into two classifications: exempt and...
A creditor who wishes to recover money from a debtor in bankruptcy is required to file a “proof of claim” which is a written statement describing the reason for and amount of the debt allegedly owed...