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Tallahassee Florida Bankruptcy Law Blog

909, 2024

Guide to Florida Chapter 7 Bankruptcy Filing

BOOK FREE CONSULTATION TODAY! Financial struggles can often feel overwhelming, and when debts mount with no foreseeable way out, filing for Florida Chapter 7 Bankruptcy might be the best option. Chapter 7 bankruptcy allows individuals to eliminate unsecured debts such as credit card balances, medical bills, and personal loans, [...]

209, 2024

Subchapter V of Chapter 11 Bankruptcy

BOOK FREE CONSULTATION TODAY! If you are a business owner who’s facing financial stress, we tell you that there are several options for bankruptcy. Many business owners choose to file Chapter 7 bankruptcy, while others opt for Chapter 11, a section of the U.S. Bankruptcy Code designed specifically for [...]

2608, 2024

Can My Bankruptcy Be Cancelled?

Bankruptcy is often seen as a final step for individuals and businesses who are overwhelmed with debt and have no viable options to meet their financial obligations. It offers a fresh start, but many wonder if it’s possible for their bankruptcy be cancelled after filing. Understanding the circumstances under which [...]

1908, 2024

Federal vs. State Laws on Bankruptcy That You Must Understand

Laws on Bankruptcy are very complicated, especially in understanding how this branch of law operates between the federal and state levels. Most of the bankruptcy laws are formulated at the federal level, and Congress in Washington D.C. is charged with the responsibility of formulating and amending these laws. For example, [...]

1208, 2024

Can You Pay Your Creditors Before Filing for Bankruptcy?

Filing for bankruptcy is a significant decision that can have lasting effects on your financial future. One common question people have when considering this step is whether they can or should pay their creditors before filing for bankruptcy. The answer to this question involves understanding the implications of such payments [...]

508, 2024

A Bankruptcy Trustees, What Are They Looking For?

The bankruptcy trustees investigate red flags found in bankruptcy documents. A bankruptcy trustee is responsible for overseeing a bankruptcy filing. They also play a key role in determining whether a case will proceed or not. The bankruptcy judge will appoint a trustee to search for assets that can be used [...]

2907, 2024

How Often Can You File Chapter 11 bankruptcy and When?

If you are a business owner facing financial difficulties, restructuring your debts through Chapter 11 bankruptcy might be a viable option to get back on track. This form of bankruptcy allows businesses to reorganize and continue operating while repaying creditors under a court-approved plan. However, understanding the intricacies of Chapter [...]

2207, 2024

Common Red Flags on Bankruptcy Trustees to Look For

Bankruptcy trustees are looking for red flags that may indicate dishonesty regarding assets and income. Hidden assets, property that is not exempt but categorized as such, and missing information in the person's financial record are some of these red flags. “It is stated that trustees anticipate problems with bankruptcy filings. [...]

1507, 2024

Best Pensacola Attorney for Bankruptcy Needs

One would want to find the right bankruptcy attorney when one is caught up in a financial problem, as this will greatly help to maneuver through the complex legal environment to achieve a fresh start. At Bruner Wright, we take pride in providing highly professional legal representation to many people [...]

807, 2024

How Much Do Lawyers Charge to File Bankruptcy?

Filing for bankruptcy is a significant decision that can provide relief from overwhelming debt, but it's important to understand the costs involved, particularly the fees charged by lawyers. If you're considering bankruptcy in Florida, you're likely wondering, "How much do lawyers charge to file bankruptcy!" Well, this guide will help [...]