Alternatives to bankruptcy–disappear One alternative to bankruptcy is to just disappear.  Why am I bringing this up, now? This week somebody asked Quora (a website I follow) how to legally disappear.  The answer, sign up for a Caribbean cruise. Get off at the Virgin Islands. Don’t get back on. For most people, bankruptcy works. But when […]

Alternatives to bankruptcy–disappear One alternative to bankruptcy is to just disappear.  Why am I bringing this up, now? This week somebody asked Quora (a website I follow) how to legally disappear.  The answer, sign up for a Caribbean cruise. Get off at the Virgin Islands. Don’t get back on. For most people, bankruptcy works. But when […]

In a Chapter 7 or Chapter 13 bankruptcy case, a "creditors' meeting" (or "341 meeting") is held about six  weeks after the bankruptcy case is filed. Although called a "creditors' meeting," in most cases,  no creditors take the opportunity to attend.

In a Chapter 7 or Chapter 13 bankruptcy case, a "creditors' meeting" (or "341 meeting") is held about six  weeks after the bankruptcy case is filed. Although called a "creditors' meeting," in most cases,  no creditors take the opportunity to attend.

"The recent Middle District of Florida decision in In re Nabavi, 2014 WL 3939595 (D.C. M.D. Florida, August 12, 2014) made reference to the 11th Circuit Court of Appeal’s longtime adoption of the "civil plain error rule" - an exception to the general rule that an appellate court will not consider an issue not raised in the lower court.  In the Nabavi  appeal to the District Court from the Bankruptcy Court, the creditor raised arguments which it had failed to bring before the Bankruptcy Court.

"The recent Middle District of Florida decision in In re Nabavi, 2014 WL 3939595 (D.C. M.D. Florida, August 12, 2014) made reference to the 11th Circuit Court of Appeal’s longtime adoption of the "civil plain error rule" - an exception to the general rule that an appellate court will not consider an issue not raised in the lower court.  In the Nabavi  appeal to the District Court from the Bankruptcy Court, the creditor raised arguments which it had failed to bring before the Bankruptcy Court.

Chapter 7 Bankruptcy: A Bird’s Eye View 
Chapter 7 bankruptcy gives you a “second chance” to get your finances under control by having a bankruptcy court legally discharge (or wiped out in friendly lingo) most of your unsecured debt, such as credit card debt, hospital bills, as well as personal loans. Rarely does it get rid of alimony, child support, student loans, or tax debt.

 Many of the readers of our email newsletters and blogs are aware that Subchapter V of Chapter 11 of the Bankruptcy Code was implemented to help small businesses reorganize quicker and cheaper. Debt limits for Subchapter V bankruptcy filings are currently $2,725,625 limit, but pending legislation will soon raise it to $7,500,000.00.In these challenging economic times, Subchapter V may be a very helpful tool to help businesses reorganize.A recent Fourth Circuit case, In re Cleary Packaging, LLC, 2022 WL 2032296 (4th Cir.