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Bankruptcy Petition

Creditors looking to pursue a collections action should understand how Chapter 7 and Chapter 13 bankruptcy processes can affect efforts to collect.

Filing an involuntary bankruptcy petition is a powerful collection tool, but an involuntary petition can also come with fees and liability.

In 2023, commercial Chapter 11 filings rose by 72% as compared to 2022. Read more about this surge and what to consider in 2024.

Have you heard horror stories about parties who filed an improper involuntary bankruptcy petition? Don’t worry, the risks aren’t as high as you think.

A debtor does not have to be insolvent to file for chapter 11 bankruptcy. Can its creditors pursue dismissal of a chapter 11 case?

Being or becoming a bad bankruptcy client usually has something to do with failing to provide adequate information to the attorney. Find out what NOT to do so you can be a good bankruptcy client.

LLCs protect individuals from company liabilities, but a Chapter 7 Bankruptcy Trustee can reach assets to satisfy individual obligations. 

It Depends on the Facts Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts and circumstances of the individual bankruptcy case. The following sample case helps to illustrate how a court may rule. Case Study Catherine, Jules, and Jim founded and each owned one-third of a company. The company thrived initially, but as the company grew, the owners fell out, with Catherine on one side and Jules and Jim on the other. Lawsuits were filed. Using a provision of their state-specific […]

What is a bankruptcy venue? A debtor should be considerate when selecting a venue to file for bankruptcy and know which eligible venues are best to file in.

The bankruptcy claims are more than just the amount a creditor is owed. Make sure you protect your claim by filing early and amending as needed.