Most non-bankruptcy lawyers are intimidated by the bankruptcy process. References to Bankruptcy Code sections as a shorthand for describing issues and solutions can cause confusion and anxiety; the ...

Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts have ...

This entry is part of Nelson Mullins’s ongoing “Bankruptcy Basics” blog series that is intended to address foundational aspects of bankruptcy for new and non-bankruptcy practitioners and professionals ...

This entry is part of Nelson Mullins’s ongoing “Bankruptcy Basics” blog series that is intended to address foundational aspects of bankruptcy for non-bankruptcy practitioners and professionals. This ...

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.

Bankruptcy is a legal procedure for individuals or businesses unable to repay debts, offering a financial reset under federal bankruptcy court protection. Chapter 7, 'liquidation bankruptcy,' sells ...

Federal bankruptcy laws were changed in 2005 in an attempt to force more people seeking protection from creditors to pay at least a portion of the bills that pushed them into court. The two main types ...

It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone ...

According to the American Bankruptcy Institute, 47,806 businesses filed for bankruptcy protection in 2011. Bankruptcy may be the only option for a struggling business if its credit is exhausted and ...