Category Archives: Bankruptcy
Should You Store or Dispose of Patient Records?
When a business files for bankruptcy and dissolves, it needs to do something with its records. This is as true of health care businesses that have extensive patient records. But what should you do with them? Interestingly, the Bankruptcy Code in section 351 explains that a health care business may destroy patient records when… Read More »
How to Prepare for Your Bankruptcy Consultation
Whether to file for bankruptcy is a big decision, so we encourage people interested in dealing with their debt to schedule a free consultation. The purpose of the consultation is twofold: it allows the attorney to get a better idea of your financial decision so they can advise whether bankruptcy is right for you…. Read More »
Mixed Messages on Delinquency Rates
The Great Recessions is well behind us by now. In fact, for almost a decade the United States has experienced strong economic growth. As a result, borrowers have generally been able to make regular payments on their debts. Furthermore, lenders learned their lesson and tightened their lending standards, no longer issuing paper-free loans. However,… Read More »
Credit Freeze Frequently Asked Questions (FAQs)
Identity theft continues to be a big problem in Florida and around the nation. Anyone with access to personal information such as your date of birth and Social Security Number (SSN) can use that information to take out loans in your name—without any intent of paying them back. When the thief takes off with… Read More »
More Businesses on the Cusp of Bankruptcy
The recent announcement that Payless has filed for bankruptcy is a testament that the turmoil in the retail industry is far from over. According to Business Insider, four large retailers have already filed for bankruptcy in the first two months of 2019, and there is no reason to assume the pace will slow for… Read More »
Will Filing for Bankruptcy Hurt My Chances of Serving in the Military?
The U.S. military is choosy who it allows to enlist. Many people are aware that they need to meet certain physical requirements before they can join the military, but fewer are aware that their finances will come under scrutiny as well. One option for dealing with a crushing debt load is to file for… Read More »
Can a City File for Bankruptcy?
We tend to think of individuals and companies filing for bankruptcy. But there are other entities that can file bankruptcy—cities and counties. According to Fox News, the nation’s largest city could be on a glide path to bankruptcy. That’s right—the Big Apple, New York City, is so indebted that its only choice might be… Read More »
Will Filing for Bankruptcy Hurt My Social Security Benefits?
Increasingly, more seniors are filing for bankruptcy. Their reasons vary. For some, medical expenses are eating up a larger share of their income, while many try to support family members. At the same time, retirees have a frayed safety net as few have the type of generous pensions that their parents enjoyed a few… Read More »
What if I Move after Filing for Bankruptcy but Before I Receive a Discharge?
People move for a variety of reasons, job change being one of the most common. But will moving affect your bankruptcy in any way? Although bankruptcy law is federal, you must file for bankruptcy in the district where you live. Also, bankruptcy relies on state law in certain situations, such as the list of… Read More »
Can Bankruptcy Wipe Out Child Support Payments?
When a couple divorces with children, one parent almost always has to pay child support to the custodial parent. Child support serves many purposes, perhaps none more important than making sure that children do not end up on public welfare. If you have a child, then the state absolutely expects you to financially support… Read More »