Posted on June - 30 - 2011
When you’ve had enough and you know your debt’s not going away by itself, it’s time to enlist the help of a Chapter 7 lawyer. This is a legal professional who specializes in this type of bankruptcy filing. They offer a number of different services that can help you out when you’re in a tight situation. First of all, let’s look at exactly what this type of filing means.
What Is Chapter 7?
This is the simplest type of bankruptcy filing. It’s what is known as a “liquidation proceeding,” which means that some of your assets are sold in order to pay back your creditors. All of this is handled through a trustee. Not everyone is eligible for this type of filing; there is a simple means test that you have to take first to see if you are. This is the fastest type of bankruptcy proceeding to help you get back on your feet again.
What A Chapter 7 Lawyer Can Do
First of all a Chapter 7 lawyer will take a good look at your finances. Read more…
Posted on June - 29 - 2011
Options Under the Bankruptcy Code
Bankruptcy law provides debtors who are overwhelmed with debt an opportunity to restructure their debt and receive a fresh start. There are many different types of bankruptcy filings, each with their own set of rules. Debtors should always seek the advice of a qualified Tampa bankruptcy attorney to help determine which chapter will be best suited for their needs. Each type of bankruptcy will have its own set of unique benefits and potential consequences.
Chapter 7 and Chapter 13
Individual debtors typically will file for either a Chapter 7 or Chapter 13 Bankruptcy. If a debtor is interested in keeping their assets and paying their creditors then most likely they will file for Chapter 13 protection. On the other hand, if a debtor cannot afford to make the monthly payments required under Chapter 13, a Chapter 7 Bankruptcy may be more appropriate. I
Read more…
Posted on June - 29 - 2011
In addition, you have another choice of asking your friends and colleagues if they know any person they can advise. By executing so, you are able to get the firsthand experience of individuals who have utilised the providers of a legal specialized. This is a much better selection than looking by means of a directory.
As soon as you have obtained a record of possibilities legal industry experts that will tackle your circumstance, there are some items you will need to do ahead of you sign with them. This is for the achievement of your situation as you will need to have to validate some information and facts that they may well require later on on.
&bull Make it a stage to personally meet the person in advance of you make use of him. Upon your meeting, test no matter if he is paying interest to you. Also, make confident that he understands what your present-day condition is.
&bull Verify what the price framework is. Read more…
Posted on June - 28 - 2011
The Eleventh Circuit Court of Appeals affirmed a district court decision (which had, in turn, affirmed a bankruptcy court decision) sustaining the debtors (Winn-Dixie Stores, Inc. et al.) objections to the appellants (IRT Partners, L.P. and Equity One, Inc.) attempt to amend their claims post-confirmation of the debtors plan of reorganization.
The claims arose in connection with Winn-Dixies rejection of leases with the appellants during its chapter 11 cases. The appellants timely-filed proofs of claim for rejection damages, which the debtors subsequently successfully sought to have reduced (without objection, appearance, or appeal by appellants). IRT Partners, L.P.’s original claim was for $20,364.24 and was reduced to $11,636.71; Equity One, Inc.’s original claim was for $87,498.59 and was reduced to $16,913.96.
On November 9, 2006, the bankruptcy court entered an order confirming Winn-Dixies plan of reorganization. Nei
Read more…
