Category: Chapter 7
The Bankruptcy Code provides strong protections for debtors—but that protection has its limitations
Clients considering filing for bankruptcy often lament: “I hate having to do this; I just wasn’t raised this way.”
Will I lose any of my income after I file a Chapter 7 bankruptcy case?
When Getting Paid Doesn’t Pay - Defending Preference Actions under Section 547 of the Bankruptcy CodePosted December 13, 2013 by Bankruptcy Litigation, Chapter 7 in
For an Atlanta, Georgia small business, being paid by a client or customer for a past-due invoice is normally a cause to celebrate. However, when that client or customer happens to then file bankruptcy within 90 days of making that payment, the business’s celebration can quickly become a headache.
“Do I have to include my house in my bankruptcy?”
How the Bankruptcy Code constrains multiple bankruptcy case filings by limiting how frequently a debtor may receive a bankruptcy discharge, by imposing rules limiting the applicability of the automatic stay in repeat cases, and by imposing limits on frequent filers.
When to File for Bankruptcy
An important exception for Georgia business owners.
Privately owned corporations, usually “mom and pop shops”, often times don’t need to file for bankruptcy… but their owners may very well need to.
Why the IRS Might Object to the Discharge of Income Tax Debts in Chapter 7