Many, many types of debts are discharged when an individual files Chapter 7 bankruptcy. The most common type of debts discharged in bankruptcy are credit card debts, medical debts, lawsuit debts, and department store debts. These debts are discharged and those creditors are not allowed to harass the person filing bankruptcy. The bankruptcy discharge prohibits […]
Read MoreThe Bankruptcy Code provides six basic types of bankruptcy cases. Each type of bankruptcy case is codified in a distinct “chapter” of the Bankruptcy Code. 11 U.S.C. § 101 et seq. Each type of bankruptcy case is identified by the Bankruptcy Code “chapter” number that contains the substantive bankruptcy law applicable to that respective type of […]
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Attorney Robert Schaller Supports Increasing Amount of Bankruptcy Exemption for Vehicles in Florida.
Recently the Florida legislature passed a bill increasing the bankruptcy exemption allowed for Floridians with equity in their vehicles. The proposed bill would have increased the vehicle exemption in bankruptcy from $1,000 to $5,000. However, Gov. Ron DeSantis vetoed that bill. So Floridians are currently stuck at $1,000 for a vehicle bankruptcy exemption. Will that […]
Read MoreTennis legend Boris Becker was jailed for 2.5 years after being found guilty of charges relating to his 2017 bankruptcy, according to Eyewitness News, https://ewn.co.za/2022/04/29/boris-becker-jailed-by-british-court-over-bankruptcy. Becker allegedly transferred significant money from his business account while concealing shares in a tech firm and property in Germany. You can send an email to the author, Robert Schaller, […]
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The National Law Review published an article titled “10 Retailers to Watch for a Bankruptcy Filing in 2022.” Click here to read the article. AMC is first on its list. Has streaming killed the movie theater company?
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Investopedia published an interesting report on bankruptcy rates by race. Bankruptcy lawyers can improve their targeted marketing by better understanding bankruptcy demographics. Click here to read Investopedia’s article titled “Bankruptcy Rates by Race.”
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Sparkchronicles.com is reporting that a wave of bankruptcies is brewing with almost 20% of companies expressing serious concerns. For more information, read the article by clicking here.
Read MoreThe National Law Review is reporting that the United States Supreme Court will be deciding the constitutionality of U.S. Trustee fees in Chapter 11 cases. Click here for more information. https://www.natlawreview.com/article/supreme-court-to-decide-constitutionality-us-trustee-fees-chapter-11-cases Click here for more information about the attorney Robert Schaller. https://lexlawlawyers.com/directory/robert-schaller/
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