Tag: Bankruptcy Court
Which Type of Court Handles Bankruptcy Law?
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Bankruptcy law can be complex and confusing, especially if you need clarification on where the process begins. When individuals or businesses in Tampa, FL, face financial challenges, they may need relief through the legal system. Understanding which court handles bankruptcy is the first step toward navigating this process successfully. Understanding Bankruptcy Law Bankruptcy law in…
Bankruptcy Attorney In Homosassa
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If you need a reputable bankruptcy attorney in Homosassa, Florida or the Citrus County area, then Weller Legal Group may be your best option. Mr. Jay Weller and Weller Legal Group have over 30 years of experience assisting clients through the bankruptcy process. Over the years, Mr. Weller has filed over 40,000 cases and helped…
A Short History Of Bankruptcy
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The etymology of the term “bankruptcy” is commonly believed to derive from a combination of two Latin words: “bancus” (table or bench) and “ruptus” (broken). The theory suggests that a public banker, upon failing to meet financial obligations, would have his bench—where transactions took place—broken as a symbol of his inability to negotiate and fiscal…
Will My Employer Find Out If I File For Bankruptcy?
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Understandably, there are some things from your personal life that you don’t want to talk to your employer about (e.g., money, religion, politics). However, there may come a time when you need to file for bankruptcy. When this happens, you may wonder whether your employer will know. The short answer to this question is that…
What Happens When You File for Bankruptcy in Florida?
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Filing for bankruptcy can be intimidating, especially if you’re already struggling financially. Many people put off getting help because they don’t understand how the process works or are worried about what bankruptcy means for their future. The simple fact is that bankruptcy exists to provide people and families with a legal way to obtain financial…
TAMPA BANKRUPTCY COURT DECISION ON DISCHARGE OF CONSTRUCTION CONTRACTOR DEBT TO CUSTOMER
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The Bankruptcy Court in Tampa rendered an important decision on whether a contractor employed to perform construction or repair services to a customer could Discharge such debt in Bankruptcy. In the case of Hollman v Morales (In re Morales) an individual hired the debtor, a handyman, to conduct repairs on his mobile home. The customer…
TAMPA BANKRUPTCY COURT DECISION RELATING TO TAX REFUNDS
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A Bankruptcy Judge in Tampa delivered an important decision regarding tax refunds in Bankruptcy. On July 20, 2022, Bankruptcy Judge CJ Delano rendered a decision regarding whether a debtor may retain a portion of a tax refund received in the amount of $5,500. The debtor claimed $3,750 of such refund as exempt. The debtor’s argument…
TAMPA BANKRUPTCY COURT IMPORTANT DECISION REGARDING DISCHARGE OF INCOME TAX DEBT
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A Bankruptcy Judge in the Tampa Bankruptcy Court delivered an important decision regarding the Discharge of Income Tax Debt in Bankruptcy on August 23, 2022. The debtor filed what is referred to as an adversary proceeding seeking to Discharge numerous hundreds of thousands of dollars in tax debts. The Internal Revenue Service responded and argued…
DOES DISMISSAL OF A BANKRUPTCY DISMISS ANY ADVERSARY PROCEEDINGS?
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If a debtor files Bankruptcy, whether a Chapter 7 or Chapter 13 Bankruptcy, does an adversary proceeding filed against the debtor, subsequently result in the dismissal of the adversary proceeding? Some debtors who file a consumer form of bankruptcy, such as a Chapter 7 or Chapter 13, may expectantly or unexpectantly find themselves a defendant…
A Quick Guide To Bankruptcy
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Bankruptcy isn’t a situation that anybody wants to be in. The main reason people file for bankruptcy is that their debt has gotten to the point that it can no longer be handled effectively, and often they are forced into making this move. When debt becomes too overwhelming for a person or a business in…
TREATMENT OF CHILD SUPPORT ARREARS OWED TO BANKRUPTCY DEBTOR
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How may the Bankruptcy Court treat child support arrears owed to a Debtor who files Bankruptcy? In such an instance, the Debtor or the Bankruptcy Attorney, on behalf of the Debtor, may engage in an analysis of two important concepts in Bankruptcy. The first question is whether child support or child support arrears are even…
Chapter 13 Bankruptcy Treatment Of Automobile Accidents
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If a Debtor is in an automobile accident, either before the filing of the Chapter 13 Bankruptcy or after the filing of Chapter 13, proceeds from any personal injury or property settlement arising out of the accident, are included in the Bankruptcy Estate. In Chapter 13 Bankruptcy in which the Debtor uses the Florida Bankruptcy…