chapter 7

Chapter 7 Trustee Cannot Force Liquidation of Valuable Debtor’s LLC Interest

12/10/12

Most http://www.alperlaw.com/bankruptcy/chapter-7-bankruptcy/ ">Chapter 7 bankruptcy debtors do not own investment interests in limited liability companies. People who file bankruptcy have either liquidated all investments or do not have money to invest in business.

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Can I File A Chapter 7 Bankruptcy For My Small Business Only?

12/01/12

The Small Business Entrepreneur:  He employes half of all private sector employees, pays 44 percent of total U.S. private payroll, and has generated 65 percent of net new jobs over the past 17 years.

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Immigration Support Affidavit Not Dischargeable in Bankruptcy

11/12/12

Chapter 7 bankruptcy debtors may not discharge certain debts including debts related to alimony, child support, and other domestic support obligations. In almost all instances domestic support obligations arise out of a civil divorce proceeding. A recent Orlando bankruptcy case considered domestic support obligations based upon an immigration matter which was litigated in federal district court.

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Orlando Bankruptcy Attorney Files Personal Chapter 7 Bankruptcy: Why?

11/06/12

The Orlando Sentinel reported that a founding partner of one of Orlando’s most prolific bankruptcy law firms himself filed personal Chapter 7 bankruptcy on September 7, 2012. The bankruptcy debtor, Carig R. Lynd, was a found of Kaufman, Englett & Lynd (KEL).

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Clients Over-value Their Household Furniture: Appraisal Required To Fix

10/24/12

Florida’s Chapter 7 bankruptcy debtors may exempt $1,000 of personal property per debtor, and if not claiming homestead exemption, an additional $4,000. The value of personal property for bankruptcy purposes is based on flea market, garage sale, or liquidation value. Bankruptcy attorneys rely upon their clients to list and value their property.

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