Bankruptcy Terms: Defined

Going through the legal process can be confusing, and the terms used can be even more confusing. If you are unsure of a legal term, contact our team using the link in our bio, or find the definition on the website link!

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Diagnosed With Debt

According to the Consumer Financial Protection Bureau, medical debt is the primary driver of consumer bankruptcies in America. https://www.wsaw.com/2022/04/21/diagnosed-with-debt-wisconsin/

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Michael P. Richman Featured on “Ask the Experts”

Firm partner Michael P. Richman was featured on WalletHub’s “Ask the Experts”, answering frequently asked questions about bankruptcy and credit cards. The Q&A includes: What happens to a credit card that you get soon before filing bankruptcy? Can you get a credit card during bankruptcy? How do your credit card options change after bankruptcy proceedings… Continue reading Michael P. Richman Featured on “Ask the Experts”

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Bankruptcies Hit New Lows In 2021

Bankruptcies hit new lows in 2021, but not everyone isexperiencing an economic boom. If you are struggling with unmanageable debt itis important to seek the advice of an experienced bankruptcy attorney.  Read more here.

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How to Deal With the Emotional Toll of Bankruptcy

Dealing with debt is stressful. Follow the link below for stress-reduction tips and seek the advice of our experienced bankruptcy attorneys to learn more about your debt-relief options. https://www.nbcnews.com/better/lifestyle/7-tips-deal-debt-stress-ncna1094076

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Should I Try Debt Relief Alternatives Before Filing For Bankruptcy?

Business bankruptcies have been on the rise during the pandemic – even in places like Miami-Dade County in Florida where there were little to no restrictions on economic activity. If your business is struggling to stay in the black you are far from alone. If you are considering filing for bankruptcy or pursuing a loan restructuring to… Continue reading Should I Try Debt Relief Alternatives Before Filing For Bankruptcy?

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What will happen to my business if it enters bankruptcy?

This will depend on the unique circumstances of your businesses’ finances as well as your own personal goals as a business owner.  Most businesses enter Chapter 11 bankruptcy with an eye to rehabilitating their finances by restructuring debts and assets.  In many cases, businesses emerge in a stronger financial condition than before declaring bankruptcy. You… Continue reading What will happen to my business if it enters bankruptcy?

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