December 17, 2017

Bankruptcy Attorney: Advising Receivers

In my practice as a bankruptcy lawyer, I also have occasion to work on cases involving receivership and have advised receivers. It is important to note that a receiver must be a neutral third party, with no ties to or interest in the debtor or its business, or its creditors.  The court oversees the  receiver’s actions in accordance with the North Carolina statutes governing receiverships. Case … [Read more...]

Will Bankruptcy Prevent Me from Getting a Student Loan?

Clients often ask me whether filing a bankruptcy case will affect their eligibility for student loans. Generally, these are parents who plan to seek PLUS loans for their kids’ college educations, but sometimes it is the client who plans to go back to school and needs financial assistance in order to do so. The bankruptcy code is specific The Bankruptcy Code contains a specific provision … [Read more...]

Chapter 7 Bankruptcy: Businesses & Individuals

The word "bankruptcy" is heard everywhere, from coffee shops to church bazaars and the evening news. It's clear to me that, despite this general knowledge of bankruptcy, few people understand what it means to file for protection under Chapter 7, Chapter 11 or Chapter 13. Chapter 7 is a liquidating bankruptcy.  It is normally utilized to obtain a “fresh start” for an individual debtor, and, far … [Read more...]