by Preston Gardner and James McGuire The spike in real estate values has been a hopeful sign of an improving economy over the past year. For those considering bankruptcy, however, it should be viewed as a warning that certain bankruptcy
In the past, Chapter 11 of the Bankruptcy Code has been used primarily by corporations hoping to reorganize and stay in business. However, with the real estate market downturn, more individuals have taken advantage of Chapter 11 to reorganize and
Borders Group, Inc., owners of the popular Borders bookstores recently filed for Chapter 11 bankruptcy protection. You may be thinking, good for them, but I am going to be filing Chapter 7 or Chapter 13. The reality for many of
When it comes time to consider filing bankruptcy, clients are always concerned about whether they will lose their property. The answer depends on the type of bankruptcy they file, and the type of property they have. Under the bankruptcy code,
Debt Limits for Chapter 13 Bankruptcy Recently Increased More and more we are seeing clients who make too much money to qualify for a Chapter 7 bankruptcy as a result of the “means test“. (You can read more about the
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