What to Expect When You File Chapter Eleven for Your Business

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In the face of insurmountable debt you have made the decision to declare bankruptcy. It should be a knockout blow. But, fully comprehending the mistakes made in managing debt, you have decided to get up again and pull your company through the crisis. Make certain you have in your corner, a lawyer seasoned in bankruptcy …Read more

How do I File Bankruptcy for My Business

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“I must file bankruptcy for my business.” That is not likely a part of your business plan but, if conditions bring you to that point, you must formulate a cohesive plan to manage safe passage through the bankruptcy minefield. Rule number one: If you are filing bankruptcy for a business entity you must use an …Read more

How to File a Claim in a Bankruptcy Case

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You just received notice that your customer who owes you money has filed bankruptcy. What should you do? Read the notice you receive from the court. Among other things, that notice will give you the deadline for filing a claim in the bankruptcy case. In a Chapter 7, 12 or 13 case, in order to receive …Read more

Can My Claim Survive Bankruptcy?

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One of the key reasons a debtor files bankruptcy is to obtain a discharge of the debtor’s pre-petition debts.  Generally, only an individual debtor obtains a discharge.  In cases of corporate reorganizations, the Plan may include a provision that except as provided in the plan all pre-petition obligations are discharged, but otherwise, the corporation does …Read more