The trustee’s main role is to review the debtor’s schedules for nonexempt assets and, if appropriate, to liquidate those assets.

Individual Chapter 7 bankruptcy debtors are required to take a course in financial education subsequent to filing and prior to discharge.

The meeting of creditors is required by Code. All debtors are required to attend, and cannot get a discharge without attending.

Upon Chapter 7 bankruptcy filing, the case will be assigned a case number, bankruptcy judge, and panel trustee.

Tips and Guidance for Small Business Owners to Request Rent Relief and to Renegotiate Your Lease Due to COVID 

The Chapter 7 bankruptcy individual debtor is required to obtain a certificate of completion of a course of credit counseling prior to filing.

Debtor’s counsel, working with the debtor, will prepare the bankruptcy petition and all supporting schedules and statements.

At the initial interview, the lawyer should discuss with the client the various options available: 7, 11, 13, or not filing. The option of not filing should be explored fully. Bankruptcy should always be a last resort.

The key parties in the Chapter 7 bankruptcy process: part 2 in a 10 part series on bankruptcy by Seattle bankruptcy attorney Alan Wenokur.

Chapter 7 is a liquidating bankruptcy: The goal is to wipe out, or “discharge,” most if not all debt, and keep most if not all property, explains Seattle bankruptcy attorney Alan Wenokur.

Contingent liabilities are potential liabilities that could arise in the future when some event happens like the breach of a lease. 

Here are 5 often missed steps to close your business and advice if your business is closing and your creditors, vendors, employees and taxing authorities are all getting paid.

Most businesses that go out of business do not file a bankruptcy or formally dissolve their business. Many businesses just close their doors, pay their last payroll, sell or give away their equipment, and pay their creditors and vendors.

One of the professionals in our network reached out to a great SBA loan originator and got some on the ground insight into the SBA disaster loans.

If you have a business that is closed and cannot operate remotely due to the coronavirus closings you can emerge from this with an intact business. 

SBRA created a Subchapter V bankruptcy option that's easier and less expensive for small businesses and entrepreneurs to reorganize their debts in bankruptcy.

Don’t let foreclosure rob you of your home, take action to get help as soon as you realize you’re in financial trouble. #BankruptcyAttorney

Protecting your assets isn't just for the wealthy, these very inexpensive and simple strategies is a first step no matter your wealth profile.

Some of the most common causes of medical debt, how you can avoid it, and how bankruptcy may help you escape the medical debt trap.