Reorganization under Chapter 11 of the Bankruptcy Code creates many difficulties for a small business debtor. Many small businesses fail in Chapter 11 or avoid Chapter 11 because of:
Read MoreTopics: Chapter 11, CARES Act, SBRA
The Internal Revenue Service will frequently assert a claim for unpaid income taxes and be one of the largest creditors in a chapter 7 case. Therefore, many individuals considering a bankruptcy case inquire about the dischargeability of income taxes.
Here are the rules you need to know:
Read MoreTopics: Bankruptcy, Income Tax Discharge
Secured creditors will typically inquire about what they must do to be able to enforce their security interests or mortgage interests against property that is involved in a bankruptcy case.
Read on to find out what help is available for secured creditors in bankruptcy cases.
Read MoreTopics: Bankruptcy
Frequently, my clients asks if they can keep their vehicle in a chapter 7 bankruptcy case. The answer is – it depends.
In a Chapter 7 bankruptcy case, a has three general options for dealing with a motor vehicle that is subject to a security interest, and as with almost everything in life, there are advantages and disadvantages to each of these options.
Read MoreTopics: Bankruptcy
Contact the attorneys at Fisher Rushmer today to find out how our skills and experience can help resolve your legal matters.
