Bankruptcy Blogs

Chapter 13 also involves one court date for the individual to go to, which is known as the 341 meeting of creditors.  This is where the individual will appear with their attorney in front of the trustee, the Chapter 13 trustee, and the trustee will ask specific questions under oath very similar to a Chapter [...]

Approximately two months after the meeting of creditors, the debtor will receive a discharge in the mail.  That’s the proof that the case has gone through to completion, and no creditors can sue them or bother them on debts that were discharged.  The exception to Chapter 7 debts that are not discharged are recent taxes, [...]

When you file a Chapter 7 bankruptcy you must list all of your assets and debts.  Unsecured debts are discharged giving you what is often called a Fresh Start. Payday Loans are a form of unsecured debt, although many people believe that these debts are secured. In fact, since the borrower is required to turn over a post-dated check to [...]

"Central Falls, Rhode Island, a little town in the northeast part of the state, with a population of only has 19,376, has gone into Chapter 9 bankruptcy." Read more here.

For one Florida company, it’s out with the citrus and in with the stone.

Old Corkscrew Plantation LLC, which has thousands of acres of orange groves on its Florida property, doesn’t seem to have any immediate ideas for how to restructure the hefty debt load that propelled it into bankruptcy on Friday. It does, however, have big plans for the future of its business: Scrap all that citrus, and start digging up minerals.