Although it may seem that the financial hardship caused Covid-19 is slowly clearing and businesses are beginning to see their first positive financial gains since March 2020, a major financial...
Perhaps the biggest misconception of filing for bankruptcy is how long it takes to rebuild your credit. The amount of time a bankruptcy stays on your credit report varies depending on the type of...
The term “preference payment” in a bankruptcy context can come as a surprise to many unsuspecting creditors. Picture this, you’re a small business, and one of your customers (also a small business)...
As of the last few months – cryptocurrency brokerage firms such as Three Arrows Capital, and Celsius Network, Ltd. filed for Chapter 11 Bankruptcy. Unfortunately for some of their customers, there...
Internationally, the United States is looked at as a land of opportunities. Many come here seeking better business opportunities, educational benefits, or any other route to the American Dream....
On June 21, 2022, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act (Bill S. 3823). What Bill 3823 does is it increases the Chapter 13 debt limits...
When a person files for bankruptcy, they are beginning a complicated legal proceeding that involves multiple moving levers. Doing so creates obligations for both debtors and creditors, while also...
Under the bankruptcy code, a debtor my reject certain “executory contracts” as they can be considered liabilities to the estate. What this means is that a debtor may choose to assume, or reject,...