Bankruptcy Blogs

The Use of Trusts in Mortgage Loan Financing

06/25/25

Trusts are being used more often for financing mortgage loans, which can be an effective way to optimize asset management and minimize lender risk.

Key Benefits of Using Trusts in Mortgage Loan Financing

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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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Mediation in Consumer Bankruptcy Cases

05/16/25

TV lawyers are constantly heading into trial, sometimes after seeing the file for the first time that morning. On television, the clients never seem to worry about how they are going to pay their lawyers to go to trial. The reality is different in real life, especially when dealing with consumer bankruptcy cases. A consumer debtor seeks a fresh start because their finances are at their breaking point. When a litigation matter pops up, it stands in the way of the fresh start. 

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When Should A Corporation File Chapter 7?

05/04/25

When an individual files for Chapter 7 relief, the goal is to keep their exempt property and discharge their dischargable debts. A corporation does not receive either of these benefits in Chapter 7, meaning that it turns over all of its property to be liquidated and still owes the remainder of its debts after the case is over. So why would a corporation ever for Chapter 7?

Bad Stuff Can Happen

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Jumping Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2025

02/05/25

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An official notice from the 

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