If you are a small business owner facing financial struggles, it is likely you have incurred a significant amount of personal debt trying to keep your business afloat. It is important to seek the advice of competent bankruptcy counsel to discuss the possibility of...
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Month: May 2013
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Bankruptcy Meeting of Creditors
All bankruptcy debtors are required by the Bankruptcy Codeto attend the meeting of creditors (also called the 341 meeting); yet in most cases, it is a very quick and painless process.. Usually the meeting does not last very long and it is fairly casual. First of all,...
Why Lenders Agree to Mortgage Modifications
Many clients don't understand why their lender would consider modifying their mortgage loan to more favorable terms to them. In short, when dealing with distressed homeowners, lenders essentially have the following choices:Loan modification. The lender and the...