Protecting Your Personal Injury in Bankruptcy

Protecting Your Personal Injury in Bankruptcy

Bankruptcy can impact your rights to recover and keep compensation related to an injury you suffered. When you file bankruptcy, with very few exceptions, all property you own becomes part of what is called the bankruptcy estate. “Bankruptcy estate” is … Continue reading

Understand the Relationship Between Assets and Debts in Bankruptcy

Understand the Relationship Between Assets and Debts in Bankruptcy

Rather, understand the lack of a relationship between assets and debts. This is a fundamental concept to grasp in bankruptcy. It is easiest to demonstrate this concept with a Chapter 7 bankruptcy. Two important goals in the bankruptcy process are … Continue reading

Using Temporary Restraining Orders to Protect Personal Guarantors of a Business

Here is a common scenario. The founders of a company get a loan for their business and give a lien to the lender on the piece of property owned by the company. The lender requires a personal guarantee from the … Continue reading

Protecting Assets and the Risk of Voidable and Fraudulent Transfers

If bankruptcy or getting sued is a possibility, it is natural to worry about protecting your assets. A mistake made by some is moving assets out of their name to put it beyond the reach of a plaintiff or creditor. … Continue reading