chapter 7 Archives - Law Office of Henrik Mosesi

Discharge SBA Loans in Bankruptcy

Bankruptcy, civil, emotional support animals, Uncategorized / admin

Discharging COVID-19 [EIDL] Business Loans in Bankruptcy: Exploring Options and Considerations Introduction: Amidst the challenging circumstances brought by the Covid-19 pandemic, numerous businesses sought financial support through low-interest loans provided by the U.S. Small Business Administration (SBA). These loans, known as Economic Injury Disaster Loans (EIDLs), served as a lifeline for struggling businesses. However, as […]

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The Benefits of Chapter 7 Bankruptcy

Bankruptcy / admin

The Benefits of Chapter 7 Bankruptcy and How it Can Help. Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” is a type of bankruptcy that provides individuals with the opportunity to discharge their debts and start fresh. This type of bankruptcy is ideal for individuals who have a high amount of unsecured debt, such as

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Bankruptcy Meeting of Creditors

Bankruptcy / admin

The meeting of creditors is required under Section 341 of the Bankruptcy Code. It is sometimes refer to as a 341(a) hearing. This hearing is typically scheduled 30 days after the petition is filed. The hearing is a short meeting which typically takes place in a large conference room either in the bankruptcy courthouse or an office building.

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Get a Fresh Start in Bankruptcy

Bankruptcy, Taxes / admin

Get on your way to a fresh start. There are several things you must do before you can file for a chapter 7 bankruptcy. First, you must get a credit report. That can be done free at annual credit reports. After you get your credit report, get your credit counseling briefing. After the 2005 changes to the

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Discharge Taxes in Bankruptcy

Bankruptcy, Taxes / admin

Federal, State and Sales Taxes Can be Discharged in Bankruptcy. One of the most commons questions I am asked during a consultation is whether unpaid state or federaltaxes are discharged in bankruptcy. My lawyerly answer to that question is…well it depends. The bankruptcycode states that state and federal taxes are generally non-dischargeable unless certain elements

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A Fresh Start Through Bankruptcy

Bankruptcy / admin

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