When most people think of bankruptcy, they tend to think of chapter 7. Chapter 7 bankruptcy is by far the most appealing for most individuals because the overall process is likely easier and cheaper than any other chapter of bankruptcy. While there are many reasons that a debtor would prefer…
Category: Bankruptcy
The most commonly filed bankruptcy chapter are chapter 7 and chapter 13, so we will compare these two in this article. Aside from these two chapters, chapter 11 is available for businesses or individuals who do not qualify for chapter 7 or 13; chapter 12 is available for farmers and…
With so many retailers having filed bankruptcy this past year, including BCBG, Payless, Toys R Us, and Radio Shack, to name a few, it is no surprise, that sometimes, unfortunately, businesses can fail. Continuing to operate a small business that is in debt, while dodging aggressive creditor collection efforts, is…
Benjamin Franklin said there were only two things certain in life: death and taxes. After all, it was not murder or racketeering but rather, tax evasion, that ultimately led to Al Capone’s capture. There is no question tax debt can be a source of sleep deprivation for many. I find…
If you are being sued by creditors for debts you owe, the end result may be wage garnishment or bank levies, which may have a devastating impact on your life. If you are facing this situation, chances are you cannot afford to have bank accounts seized or 25 percent of…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…
Most years no FDCPA cases reach the Supreme Court. This year several have and not all of them are good ones. In a 5-3 decision, the Supreme Court recently ruled upon the case of Johnson v. Midland Funding, LLC, a decision that has been widely criticized by consumer-protection attorneys. The…
Don’t let the stigma of bankruptcy keep you from solving your financial problems! The experienced South Florida defense attorneys at Loan Lawyers are here to help you if your financial position necessitates the consideration of a bankruptcy case filing under Chapter 7, 11, or 13. To schedule a free consultation…
The bankruptcy counseling and debtor education requirements were supposedly enacted to ensure that consumers have exhausted all other options, and to reduce the likelihood of a second visit to bankruptcy court. Some would say these requirements were enacted as a result of powerful banking industry lobbyists trying to make bankruptcy…
