Category Archives: Filing Bankruptcy

The Small Business Case of a Chapter 11 Bankruptcy

 

There are a variety of ways an individual or group of individuals owning a small business can file for bankruptcy protection. An individual, partnership or corporation can file a chapter 7, 12, or 13 bankruptcy, depending on what their business and financial circumstances are. This article deals with the small business case of a chapter 11 bankruptcy. Continue reading

Is the Panel or US Trustee Most Like the Wizard of Oz?

 

Filing for bankruptcy protection has to be a scary prospect for first time filers not familiar with the process. The panel trustee and US Trustee can appear to be scary figures, especially when you don’t get to see them in person. This fact inspired a debtor to recently blog on a bankruptcy forum website comparing the trustee to the Wizard of Oz, the fictional character inspired by the novel written by Frank L. Baum. The cute blog inspired me to wonder which one of the trustees would be most like the Wizard of Oz in original movie. Continue reading

Two Possible Alternatives to the American Bankruptcy System

 

In the United States of America, the American Bankruptcy System has evolved to the system it is today after being placed under federal jurisdiction by the United States Constitution. In Article 1, Section 8, Clause 4, the Constitution allowed Congress to enact “uniform laws on the subject of bankruptcies throughout the United States.” Had the Founding Fathers not seen the wisdom of including bankruptcies in the every day affairs of federal legislation, there would be only two possible alternatives to the American Bankruptcy System today- civilized or uncivilized. Continue reading

How to Communicate with Your Bankruptcy Lawyer

I posted an article entitled “Learn to Communicate with Your Bankruptcy Attorney” yesterday online. It was about the problems both clients and bankruptcy lawyers sometimes have in communicating their needs and work related responsibilities to each other. Today, I want to share with you how I think you can best communicate with your bankruptcy lawyer what your needs are when facing bankruptcy. Continue reading