Landlords, Renting, and Bankruptcy
The uncertain financial situation of the last few months has led to speculation about the future of the rental housing market and how the August expiration of national unemployment benefits could affect evictions. Filing for bankruptcy will affect tenants and landlords differently.
Tenth Circuit Court of Appeals Discharges $200,000 in Colorado Couple’s Private Student Loans
A new ruling from the Tenth Circuit Court of Appeals allowed a Colorado couple to discharge $200,000 of private student loan debt through Chapter 13 bankruptcy. This could create a new precedent for those looking for some way to discharge their own student debts.
What is a ‘Fraudulent Transfer’ in Bankruptcy?
Fraudulent transfers are property transactions that occurred within two years of a bankruptcy proceeding in an effort to keep money out of the bankruptcy. The bankruptcy trustee can reverse these transactions, sometimes even if they were not done intentionally.
How Being Unemployed Affects Potential Bankruptcies
Extended time without a job puts all sorts of stress on anyone’s personal financial situation. If you’re considering bankruptcy as the next step, it’s important to understand how job loss, job gain, and other factors affect the process.
How Chapter 11’s Subchapter V Affects Commercial Bankruptcies
Subchapter V is a new addition to Chapter 11 of the bankruptcy code that helps expedite the overall bankruptcy process for certain small businesses. It can assist small businesses in a faster and more cost-effective reorganization.
Attorneys Expect Bankruptcies to Rise in Arkansas and Elsewhere
Coronavirus has caused a number of once-solvent businesses to shift towards bankruptcy due to severe revenue loss. The Little Rock area is no exception: hospitality, retail and travel-related businesses may need to consider alternative debt repayment options to stay afloat.
How to Know if Chapter 11 Bankruptcy is Right For Your Business
Understanding the basics of Chapter 11 Bankruptcy is the first step in determining if this path is right for you. There are a lot of variables that go into the decisions, so it’s important to talk with a qualified bankruptcy attorney.