Category: Q&A
BANKRUPTCY CHAPTER 11
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From Clearwater, Florida comes a question from John J. What is Chapter 11 Bankruptcy? I have a small business, wish to retain my business, and either discharge or reorganize my personal and business debts. Should I file a Chapter 11 Bankruptcy in order to accomplish these goals? There are numerous Chapters available under the Bankruptcy…
CHAPTER 7 BANKRUPTCY
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John F from Port Richey, Florida, asks Chapter 7 Bankruptcy, please explain. Chapter 7 Bankruptcy is a type of Bankruptcy that is organized under Chapter 7 of the Bankruptcy Code. Chapter 7 Bankruptcy is sometimes called a Straight Bankruptcy or Straight Liquidation. However, the majority of our clients who file Chapter 7 Bankruptcy do not…
Bankruptcy Attorney Fees
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Bill Putnee from Lakeland, Florida asks, what are the attorney fees or costs of hiring a bankruptcy attorney. This is a common question asked by the persons contacting our office. Generally, most honest bankruptcy attorneys do not prefer to quote a definite attorney fee for bankruptcy representation without first meeting the prospective client. The amount…
HOW MUCH DOES IT COST TO FILE BANKRUPTCY?
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PORT RICHEY, FLORIDA CLIENT ASKS BANKRUPTCY ATTORNEY Hillary C from Port Richey, Florida asks the Bankruptcy Attorney, How much does it cost to file Bankruptcy? Thank you for your question. Here is a Video we created in response to this query. At the writing of this Article, November 8, 2016, the filing fee charged by…
CAN I SELL HOME IF I FILE BANKRUPTCY?
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BANKRUPTCY ATTORNEY QUESTION FROM CLEARWATER, FLORIDA If I file Bankruptcy, can I still sell my Home, asks D McDonald of Clearwater, Florida. Generally, if the home or real estate in question is your Homestead, you may sell the subject property, and retain the proceeds or profits of that sale, provided you use such proceeds towards…
WHAT IS A LIS PENDENS?
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BANKRUPTCY ATTORNEY QUESTION FROM SPRING HILL, FLORIDA We have a Bankruptcy Lawyer question from Spring Hill, Florida. R McDonald asks, what is a Lis Pendens? A Lis Pendens is a Notice that warns persons, such as prospective Purchasers, renters or others having an Interest in the Property under suit that the Title to the Property…
ADVICE TO LAW STUDENTS WHO WANT TO BE A BANKRUPTCY ATTORNEY
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ST PETERSBURG, FLORIDA LAW STUDENT MIKE PARSONS QUESTION FOR BANKRUPTCY LAWYER I am a Law Student who wishes to study Bankruptcy Law and practice as a Bankruptcy Attorney. Do you have any advice as to how I should proceed? Thank you, Mike Parsons of St Petersburg, Florida for your question. While in my second year…
CELEBRITIES WHO FILED BANKRUPTCY
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BANKRUPTCY LAWYER QUESTION SPRING HILL, FLORIDA Spring Hill, Florida Resident Johhny B asks the Bankruptcy Lawyer, what famous Celebrities or Public Figures have filed Bankruptcy? A number of well known Celebrities and Public Figures have filed Bankruptcy. This Video gives an extensive list of such Persons who have filed Bankruptcy. Among the surprises on the…
WHAT IS CHAPTER 7 BANKRUPTCY
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BANKRUPTCY LAWYER QUESTION FROM ST PETERSBURG, FLORIDA What is a Chapter 7 Bankruptcy asks St Petersburg, Florida Resident Mr. O. Chapter 7 Bankruptcy is a Bankruptcy formed under Chapter 7 of the Bankruptcy Code. Generally, a Chapter 7 Bankruptcy is filed by a Debtor seeking to Discharge or eliminate Unsecured Debt, such as Credit Cards,…
BANKRUPTCY AFFECT ON EMPLOYMENT
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BANKRUPTCY ATTORNEY QUESTION FROM BRANDON, FLORIDA Igor B of Brandon, Florida asks: “will filing Bankruptcy affect either my present or future employment?” Bankruptcy Code Section 525(a) or as it is properly known, 11 USC 525(a) states that no Governmental Unit may deny, revoke, suspend or refuse to renew a license, permit, franchise, or deny employment…
WHAT IS A CREDIT COUNSELING CERTIFICATE IN BANKRUPTCY?
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BANKRUPTCY ATTORNEY QUESTION FROM CLEARWATER, FLORIDA Ted Owen from Clearwater, Florida asks the Bankruptcy Attorney, What is a Credit Counseling Certificate as used in Bankruptcy? The Credit Counseling Certificate is an invention of the 2005 Bankruptcy Act passed by Congress and signed by George W Bush. The Credit Counseling Certificate became a requirement for all…
HOW LONG CAN I KEEP MY AUTOMOBILE IF I SURRENDER IT IN BANKRUPTCY?
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BANKRUPTCY ATTORNEY QUESTION FROM CLEARWATER, FLORIDA How long can I keep my automobile or car if I intend to surrender it in Bankruptcy? Thank you to Mark Zadar of Clearwater, Florida for your question. This is a common question asked by the Clients that come to our offices. Sometimes, a person filing Bankruptcy will determine…