Posted by Michael Moody | Bankruptcy, Chapter 7
“How long does Chapter 7 take?” actually involves several different timelines. There is the time needed to prepare the case before filing, the court’s timeline after filing, the deadline for objections, and the time it may take to close the bankruptcy estate.
Read MorePosted by Michael Moody | Chapter 7, Uncategorized
The purpose of an individual Chapter 7 bankruptcy is often described as a “fresh start.” That fresh start comes primarily through the bankruptcy discharge the court order that releases an individual debtor from personal liability for many qualifying debts.
Read MorePosted by Michael Moody | Bankruptcy, Chapter 7
One of the biggest fears people have about Chapter 7 bankruptcy is that filing means a trustee will “take everything.” That is not how most Chapter 7 consumer cases work. Chapter 7 is a liquidation chapter, but bankruptcy law also allows debtors to protect certain property through exemptions.
Read MorePosted by Michael Moody | Bankruptcy, Chapter 7
When your debt has become impossible to manage, one of the first questions we hear is: "Do I qualify for Chapter 7 Bankruptcy?" Know more about how you qualify for Chapter 7.
Read MorePosted by Michael Moody | Bankruptcy, Business Finance, Chapter 11, Chapter 7, Debt Relief, Small Business Bankruptcy
One of the most important people you may encounter is the bankruptcy trustee. But what exactly does a bankruptcy trustee do? Does the trustee work for you? Do they work for your creditors? Are they the same person as the bankruptcy judge?
Read MorePosted by Michael Moody | Bankruptcy, Chapter 7, Debt Relief
Preparing for your Chapter 7 Meeting of Creditors? Learn what to expect at your 341 Meeting, including how to prepare for Zoom, what identification you will need, common questions the Chapter 7 Trustee may ask, and why answering honestly and accurately is the most important part of the process.
Read MorePosted by Michael Moody | Bankruptcy, Chapter 11, Chapter 13, Chapter 7, Debt Relief, Small Business Bankruptcy
Who is the bankruptcy judge, and what do they do in your case? From confirming reorganization plans to ruling on disputes, they play a central role.
Read MorePosted by Marlo | Bankruptcy, Chapter 11, Chapter 7
When you file for bankruptcy in Florida, one of the first things that will happen is the creation of the bankruptcy estate. This is not a physical place it is a legal concept that plays a central role in every bankruptcy case.
Read MorePosted by Michael Moody | Bankruptcy, Chapter 7, Debt Relief
Bad faith in bankruptcy refers to filing a case with the intent to abuse the judicial process rather than to pursue legitimate debt relief. Courts evaluate the totality of the circumstances, including the debtor's conduct before and during the case.
Read MorePosted by Michael Moody | Bankruptcy, Business Litigation, Chapter 11, Chapter 13, Chapter 7, Debt Relief, Small Business Bankruptcy
The automatic stay stops creditor collection actions the moment you file bankruptcy. Learn what it covers, its limits, and penalties for violations under Florida and federal law.
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