In this article, you can learn… How LLCs are treated differently from sole proprietorships in a bankruptcy case. What happens to LLC ownership during private bankruptcy proceedings. Common mistakes LLC owners make before bankruptcy filing, and how to avoid them. How Is An LLC Treated Differently From A Sole Proprietorship In A Bankruptcy Case? When you file bankruptcy for an…Read More
In this article, you will discover: How your year-end bonus affects your eligibility for Florida Bankruptcy. Whether you should delay filing for bankruptcy until after you receive your year-end bonus. Whether a trustee can force you to liquidate stocks in a Chapter 7 bankruptcy. Will My Year-End Bonus Affect My Ability To Pass The Bankruptcy Means Test? Your year-end bonus…Read More
In this article, you will discover: How the 730-day rule affects Florida Bankruptcy filers. Unique exemptions Florida offers that other states do not. Whether it’s better to wait to file for bankruptcy until you qualify for Florida’s exemptions. What Is The 730-Day Residency Rule In Bankruptcy, And How Does It Affect Florida Filers? The 730-day rule states that you can…Read More
In this article, you will discover: Whether people living on SSDI or SSI can filed for bankruptcy in Florida If disability income counts toward the Chapter 7 means test Does filing for bankruptcy affect your eligibility for public assistance programs Can People Living On Social Security Disability Income (SSDI) Or Supplemental Security Income (SSI) File For Bankruptcy In Florida? Yes,…Read More
When The Wall Street Journal (WSJ) reported that Univision Communications, Inc. won a court-administered auction of assets belonging to Gawker Media Group (08.16.16), I thought this case perfectly illustrated how the Chapter 11 bankruptcy process works. For example … A Single or Series of Disastrous Financial Incidents Disrupts a Company In this case, a court order to pay a $140…Read More
We know that it's not always easy to discuss personal financial matters, particularly when they involve debt. Many people struggling with debt believe there is no way out, so they avoid seeking advice until monetary situations become even more dire. Often, they can't pay off their debts without outside help. To answer frequently asked questions about debt relief and bankruptcy,…Read More
If your mortgage loan is in arrears, your lender may pursue foreclosure options against you. If the lender is successful in its foreclosure attempt, the lender will be able to retain the property and remove the homeowners who have been foreclosed on. Bankruptcy is a tool that can be used to prevent foreclosure. If your home is involved in a…Read More
If you use email, frequent the Internet, have a telephone, or open your door to solicitors, it's likely that you will be targeted by con artists at some time in your life. If you are very active on the internet, that likelihood seems to increase daily. Con artists are sharp, believable, and creative, and they want your money, usually right…Read More
In our prior article, Solomita Law answered three frequently asked questions about bankruptcy. This article addresses other common queries. Must I include every one of my debts in a bankruptcy filing or may I elect to pay off certain debts without applying for a discharge? All debts must be included in the bankruptcy petition. Certain debts such as student loans…Read More
Many people under financial duress avoid filing for bankruptcy because they don’t understand how bankruptcy works, don’t know where to turn for information, or fear that they will not be able to live a normal life after bankruptcy. In fact, bankruptcy law provides a means for recovering from excessive debt, and many (possibly even most) people who qualify to file…Read More
