by Jill Sullivan | Apr 22, 2025 | Bankruptcy
Understanding Short Sales A short sale occurs when a borrower sells their property for less than the balance remaining on their mortgage, typically with the lender’s consent. This alternative to foreclosure is commonly sought when the borrower faces financial...
by Jill Sullivan | Apr 22, 2025 | Bankruptcy
Watch for in Repeat Filers When a debtor files for bankruptcy once, it often comes as a blow to the creditor’s expectations of repayment. When that same debtor files again—and sometimes again after that—the impact is compounded. Known as repeat filers, these...
by Jill Sullivan | Apr 14, 2025 | Bankruptcy, Litigation
When a borrower files for bankruptcy, it instantly alters the legal playing field—not just in bankruptcy court but in state courts as well. Creditors with active or pending litigation in state courts often face significant uncertainty about what happens next. Do their...
by Jill Sullivan | Apr 9, 2025 | Bankruptcy
The 341 Meeting of Creditors is a crucial milestone in any bankruptcy case, offering creditors a unique opportunity to question the debtor under oath and protect their financial interests. However, many creditors either misunderstand the purpose of this meeting or...
by Jill Sullivan | Apr 3, 2025 | Bankruptcy
When a borrower files for Chapter 13 bankruptcy, creditors often face significant uncertainties regarding debt repayment. To effectively navigate this process and safeguard financial interests, creditors must thoroughly analyze the feasibility of a debtor’s Chapter 13...
by Jill Sullivan | Mar 30, 2025 | Bankruptcy
Understanding Personal Guarantees and Piercing the Corporate Veil When a business files for bankruptcy, creditors often assume that their chances of recovery have vanished. In many cases, this is true—the corporate entity’s assets are liquidated, and debts are...
by Jill Sullivan | Mar 24, 2025 | Bankruptcy
When a debtor defaults on financial obligations, creditors must act decisively to recover their losses. Two primary legal avenues exist for addressing financial distress: bankruptcy and receivership. While bankruptcy is widely recognized and utilized, receivership is...
by Jill Sullivan | Mar 19, 2025 | Bankruptcy
How DIP Financing Impacts Existing Creditors in Business Bankruptcies When a business files for Chapter 11 bankruptcy, it does not necessarily mean the end of operations. In many cases, the company continues to function while restructuring its debts. This is made...
by Jill Sullivan | Mar 17, 2025 | Legislation
The legal landscape surrounding judgment liens in Texas has undergone significant transformation following recent legislative changes. For creditors operating in the state, understanding these updated rules is critical to effectively securing their interests and...
by Jill Sullivan | Mar 10, 2025 | Bankruptcy
The financial landscape of bankruptcy law is set for a significant shift in April 2025, with an increase in bankruptcy dollar thresholds that will impact creditors, debtors, and legal professionals alike. These changes, which occur every three years to reflect...
