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What is a Creditors' Committee?

What is a Creditors’ Committee? The public policy involved – “free” lawyers for unsecured trade vendor creditors. Most parties involved in a Chapter 11 Bankruptcy are ...
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What is a Debtor-in-Possession?

What is a Debtor-in-Possession (DIP)? What is a Debtor-in-Possession (DIP)? In general, a Debtor-in-Possession the title given to the debtor or management of the debtor when it is acting in the ...
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The Means Test: Qualifying For Chapter 7

Overview If you are considering filing for debt relief, it is important that you speak with a qualified professional with experience handling bankruptcy cases right away. The specifics of the legal ...
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Study Suggests Racial Imbalance In Bankruptcy Filings

Chicago African American Neighborhoods Show Bias Towards Chapter 13 In a recent study performed by the Chicago Woodstock Institute, researchers found evidence of a racial discrepancy in bankruptcy ...
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Debt Reorganization: Chapter 13 and You

Do Not Suffer Without Help From A Bankruptcy Lawyer If you, like millions of Americans, are suffering from crushing financial debt and feel as though there is no way out, please do not hesitate to ...
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Debt Liquidation: Chapter 7 and You

Understanding Chapter 7 Bankruptcy If you are feeling crushed under the burden of seemingly unending debt, you are not alone! More than a million Americans filed for Chapter 7 bankruptcy in 2011 ...
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Understanding The Means Test

What is the Means Test? If you are hoping to file for Chapter 7 or Chapter 13 bankruptcy in California, it is important that you understand the basics of the means test. With the help of a trained ...
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“Superstorm” Sandy Causes Foreclosures To Rise

National Downward Trend Reversed In Storm Hit States Despite the recent trend of decreasing foreclosures across the United States, there has been one exception to the rule: the east coast. Financial ...
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