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Understanding Bankruptcy Litigation

Bankruptcy litigation refers to the legal processes that are triggered when disputes arise during bankruptcy proceedings. These disputes can involve creditors, debtors, trustees, or other stakeholders. Litigation can be adversarial, requiring parties to present their cases before a bankruptcy judge.

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When Should a Business Consider Bankruptcy?

Running a business is anything but easy. It comes with its highs, lows, and unforeseen challenges. But what do you do when the lows seem to outweigh the highs, and financial struggles become overwhelming? When should you start considering bankruptcy as a viable option?

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How to File Business Bankruptcy

When debts pile up and revenue isn’t enough to cover expenses, filing for bankruptcy is a viable, and sometimes the only, solution. This guide will walk you through the steps of filing for business bankruptcy, helping you understand your options and know what to expect.

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How Much Are Unsecured Creditors Paid in Chapter 11?

Bankruptcy can be a distressing legal process, particularly if you're an unsecured creditor—someone owed money without collateral attached to the debt. Whether you’re a debtor or a creditor in the context of a Chapter 11 bankruptcy case, it's good to understand how the process works and how unsecured creditors get paid.

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Will Bankruptcy Affect My Immigration Status or That of a Relative?

Bankruptcy can be a financial lifeline for individuals or businesses that are deeply mired in debt with no apparent way out. However, for immigrants — or those who sponsor immigrant relatives — the decision to file for bankruptcy is packed with questions and concerns about its potential impact on their immigration status.

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Will Bankruptcy Affect My Security Clearance?

Filing for bankruptcy can be an intimidating process, but also one of the best decisions you make. Going through it takes time, effort, and patience, and once you do it, a weight may be lifted off your shoulders.

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Bankruptcy Terms

Understanding bankruptcy can feel like trying to decipher a foreign language. It's filled with terms that might seem complicated and even intimidating.

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Can I Continue to Pay Into a Retirement Account Under Chapter 13?

If you have worked hard for decades to pay into your retirement accounts, including 401(k) and IRA, you might be worried about what could happen to these accounts if you file for bankruptcy.

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Who Gets Paid First in Chapter 11 Bankruptcy?

If your business is struggling with too much debt, you may be considering Chapter 11 bankruptcy as a way to repay your creditors while staying open. As a responsible business owner, you may be wondering, “Which creditor will get paid first?”

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Why an Attorney Is Important When Filing for Bankruptcy

Filing for bankruptcy can help individuals, families, and businesses going through financial difficulties to achieve debt relief and settle disputes with creditors. However, bankruptcy often involves several complex stages, and going through the process alone is never advisable. There are options for help -- such as hiring an experienced attorney -- for the best possible results.

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