If you have previously filed for personal bankruptcy and are again facing financial issues, you will want to know how long before you’re eligible to receive a discharge in bankruptcy again. The time frame depends on what type of bankruptcy you previously filed and the time is counted from filing
A Chapter 13 bankruptcy is a “repayment” bankruptcy, with the goal of repaying a portion of an individual’s debts over a three to five year period. The theory behind Chapter 13 is that a debtor should pay all they can afford over the life of the plan and any remaining
It is a given that with financial challenge comes stress. Stress over the emotional challenges that accompany the financial challenges. Stress over things and people that we can not control. While we at DLG are cognizant that our clients are operating under stress conditions, each individual reacts differently to stress.
Chapter 12 is a type of bankruptcy meant to help farmers with some of the unique financial problems they encounter. One of those issues is the tax liability that arises when land is sold – land that may have been in the same family for many years. In 2011, the
Barbara Corcoran is featured on the cover of the March 2013 Success magazine. Since I don’t watch Shark Tank, I had never heard of Barbara. She is a 64-year old NYC realtor who started Corcoran Group, a real estate brokerage firm, in the 1970’s. She sold it in 2001 for $66 million. After reading
Nationwide, the American Bankruptcy Institute reports that total bankruptcy filings were down 14 percent in calendar year 2012; commercial filings were down 22 percent. The 2012 filings were the lowest total since the financial crisis of 2008. Chapter 11 filings decreased 10 percent from the filings in 2011 (7,760 in
1) Assess whether the lease has terminated prior to the filing. A tenant in bankruptcy can only assume an unexpired lease. If the lease terminated prior to the bankruptcy, the lease is not property of the bankruptcy estate and cannot be assumed or rejected by the tenant. It is important to
Non-profit organizations are businesses, too. They simply don’t have a profit motive or shareholders. And they often make our world a better place by assisting those in need, adding culture to our society and in many other ways. Orchestras are a recent example of organizations that may be non-profit but
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