The Gulf Stream Law Firm PLLC

There are two types of bankruptcies that consumers can file: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is a liquidation bankruptcy, which means that the debtor’s assets are sold to repay creditors. Chapter 13 bankruptcy is a repayment bankruptcy, which allows the debtor to keep their assets and repay their debts over time.

Whichever type of bankruptcy you choose, it is important to work with an attorney who understands your specific situation and can help you get the best possible outcome. bankruptcy is not the right solution for everyone, and an experienced attorney can help you decide if it is the right option for you.

Chapter 11 bankruptcy is used by businesses that wish to reorganize their debt while remaining in business. Either the debtor or its creditors may initiate a Chapter 11 proceeding. The debtor has an exclusive window to file a debt reorganization plan with the bankruptcy court. The process involves a reorganization of business affairs, debts, and assets, while the business remains in control and continues running the day-to-day operations.

Property insurance covers policyholders in the event of property damage from hurricanes, fires, or even vandalism. However, the insurance industry is usually concerned with protecting its bottom line and not its insureds. Standing up against your insurance company can be an elaborate, lengthy, and frustrating undertaking. In many cases, the companies purposely complicate the process, in the hopes that their insureds simply give up. If your property damage claim was denied, underpaid, or your insurance adjuster has stopped responding to you, do not give up, you still have the option to fight!