Acceleration Of Business Bankruptcy Filings

Running a profitable business is always hard work, and unfortunately, the coronavirus pandemic has made it even harder. The number of businesses that have filed for bankruptcy has skyrocketed since lockdowns began, and the rate has shown few signs of slowing. Business bankruptcy filing rates this year have been the highest since 2013 and surging cases of Covid-19 across America point to the elevated rates remaining high for the foreseeable future. If you own a business that is struggling with debt due to the coronavirus Read More +

Bankruptcy And Evictions

Prior to the enactment of the 2005 Bankruptcy Abuse and Consumer Protection Act, the filing of a bankruptcy generally operating as a stay of eviction proceedings. In bankruptcy, this is referred to as the automatic stay. Today, the bankruptcy filing: Does not stay or stop an eviction order or a judgment for possession; If there is no judgment for possession or eviction the bankruptcy filing generally means the eviction is at least temporarily stopped or stayed; The bankruptcy filing does not stay eviction proceedings if Read More +

Florida Fraudulent Transfers

Florida has a statutory provision, formally referred to as the Uniform Fraudulent Transfer Act. (726.101) Florida Statute 726.105 governs when transfers are considered fraudulent as to present and future creditors. These ELEMENTS must be present for a transfer to be considered fraudulent: TRANSFER made or OBLIGATION incurred by a DEBTOR CREDITORS claim can arise BEFORE or AFTER the obligation was incurred DEBTOR made TRANSFER with: ACTUAL INTENT to hinder, delay, or defraud any creditor of the debtor OR (CONSTRUCTIVE INTENT) DEBTOR did not receive REASONABLY Read More +

Bankruptcy Proof Of Claims For Dummies

Bankruptcy Rule 3002 governs primarily the deadlines surrounding when a Creditor must file a proof of claim under various Chapters of Bankruptcy. A Creditor that does not file a proof of claim, files such claim late, or has its claim disallowed, may find that it will be excluded from any distribution or dividend available through the liquidation of assets in a Chapter 7 Bankruptcy, or the payment to Creditors of monies in a Chapter 13 Bankruptcy. DAYS 70  Proof of claim is timely filed within Read More +

Coronavirus And Small Business Bankruptcy

You can expect the coronavirus pandemic to shut down millions of small businesses in the upcoming months. A range of small business bankruptcies can be expected as more than 40% of the country’s small businesses are expected to shut down permanently in the next 6 months due to the coronavirus pandemic. This was indicated in a poll conducted by the U.S. Chamber of Commerce. Commercial bankruptcies began to show a rise in the first quarter of 2020. Many of the small business owners are waiting Read More +

Coronavirus May Lead To Record Bankruptcy Levels?

The Coronavirus is spreading throughout the entire world. Governments have locked down countries, airlines are not flying, and people are ravaging supermarkets to stock up on basic supplies. What does this virus mean for the world and the future? At this moment in time there is going to be stimulus checks going out to low income earners over the next few months. Even with this stimulus check, these small amounts most likely will just help with just buying some groceries. For most people this check Read More +

Dealing With Financial Stress During The Coronavirus Crisis

Similar to the millions of other U.S. nationals you may find yourselves out of work at the moment due to the spread of coronavirus epidemic. Unlike other disasters where you can predict the layoff period, this is an unexpected and devastating blow for many people. There are not many answers available about when all this is going to end. What will happen to the future work, what will be the assistance available for the unemployed workers are the questions we all are curious to find Read More +

Worried About Income Tax Debt?

Look no further. At Weller Legal Group, we are fully equipped to help with your questions regarding the IRS. Constantly receiving mail and phone calls from the United States Treasury can seem threatening and feel unending. Weller Legal Group considers it our privilege to help you understand your options when it comes to your unique tax information. Understanding the Basics Q: If I file for bankruptcy, could I wipe out that money that I owe to the IRS? A: Yes! There are just a few Read More +

Westchase Florida Bankruptcy Attorney

If you live in the Westchase area, by Tampa, Florida, and are seeking a Bankruptcy Attorney then Jay Weller is the choice of many. Mr. Weller has been practicing Bankruptcy Law since 1993, and has represented many thousands of Clients in Bankruptcy Proceedings. Weller Legal Group represents Debtors, and only Debtors, in Bankruptcy matters. From the simple to the complex, our Bankruptcy Attorneys and Paralegals are equipped to provide assistance and guidance. Most of our Clients who file Bankruptcy will file either a Chapter 13 Read More +

Riverview Florida Bankruptcy Attorney

If you live or work in Riverview Florida and seeking a Bankruptcy Attorney then Jay Weller may be best choice. Since 1993, Mr. Weller has represented Debtors and Debtors only, in Bankruptcy Proceedings. Weller Legal Group has represented many thousands of Clients in Bankruptcy, including Chapter 11 Bankruptcy, Chapter 13 Bankruptcy and Chapter 7 Bankruptcy. Most Bankruptcies are filed under either Chapter 7 or Chapter 13. Chapter 7 Bankruptcy seeks the elimination or Discharge of the Debtor or Debtors’ Unsecured Debts, such as Credit Cards, Read More +