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Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy Law: A Guide to Chapter 7, 11 and 13

Bankruptcy is a legal process designed to give individuals, small business owners and large corporate entities relief from crushing debt. Debtors are allowed to retain most of their assets so long as they are statutorily exempt from seizure by the bankruptcy trustee to distribute...
Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Corporate Bankruptcy Attorney: Los Angeles Based American Apparel Files for Bankruptcy

Los Angeles Based American Apparel Files for Bankruptcy: October On October 5, 2015, American Apparel filed for Chapter 11 bankruptcy in Delaware, capping a 25 year run from wholesaler to controversial retailer of young American fashion. Whether American Apparel emerges from...
Pasadena Bankruptcy Law: Deadlines to be Aware of When Filing for Chapter 7 Bankruptcy

Pasadena Bankruptcy Law: Deadlines to be Aware of When Filing for Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a debt liquidation process where individuals, corporations or other business entities who have overwhelming debt seek relief from creditor claims while retaining assets or property that are exempt from seizure. You do have to qualify for Chapter 7 relief...
Debt Settlement Los Angeles: When You Should Contact an Attorney

Debt Settlement Los Angeles: When You Should Contact an Attorney

Debt settlement in Los Angeles Debt settlement in Los Angeles is as varied as the city itself. With that in mind, the stress of the financial situation can make many individuals and families too quickly choose an option that is ultimately wrong for them. Dealing with debt is...
Detroit's Recovery After the Largest Municipal Bankruptcy Filing in History

Detroit’s Recovery After the Largest Municipal Bankruptcy Filing in History

When any city or municipality files for bankruptcy, it can raise eyebrows within the state since we expect our local governments to operate somewhat efficiently. But when a major metropolitan entity like Detroit files, the entire country takes note and experts argue and search...
Chapter 11 Bankruptcy Reorganization

Chapter 11 Bankruptcy Reorganization

We often hear about giant corporations going into Chapter 11 and then continuing to operate their businesses. A Chapter 11 business reorganization is designed to do that for large companies including partnerships and sole proprietorships though it is generally used by corporate...