bankruptcy

Real Property Owned By Dissolved LLC Was Not Property Of Individual Member’s Bankruptcy Estate

06/25/25

In In re Kimball, Ch. 7 Case No. 24-11036-pmb, 667 B.R. 487 (Bankr. N.D. Ga. 2025) (click here for pdf) , the Lender foreclosed on commercial property owned by a limited liability company on August 6, 2024.

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Judge Coleman – Vehicle Cannot Be Exempted as Tool of Trade

06/17/25

In In re Cady, Ch. 7 No. 24-41026-ejc, 2025 WL 1587266 (Bankr. S.D. Ga. June 4, 2025) the issue was whether the Debtor, a real estate agent, could claim an exemption in her vehicle as a tool of the trade.

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How Much Do You Have to Be in Debt to File Chapter 7?

05/09/24

If you find yourself struggling with debt, you may be considering filing for bankruptcy. Bankruptcy can provide a fresh start and the opportunity to rebuild your financial life. But how much debt do you need to have in order to qualify for a Chapter 7 bankruptcy? There is no specific amount of debt that you need to file, as each situation is unique.

 

Every situation is different, and you should consider many factors before filing for bankruptcy. Discuss your options with Phoenix bankruptcy attorney today.

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Bankruptcy and Foreclosure

04/16/24

Many people fall behind on their mortgages. While some lenders are more than willing to work with homeowners who get behind on their payments, this is the exception rather than the rule. If you fall too far behind on your payments, your mortgage lender will likely begin the foreclosure process. One saving grace for homeowners facing foreclosure is that the process usually takes a while.This gives them time to consider alternatives to foreclosure, such as loan forbearance, a short sale, a deed in lieu of foreclosure, or bankruptcy.

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