Altamonte Springs Tiral Attorney

28

Apr 2020

How Bankruptcy Can Impact Your Estate Plan

Every year, hundreds of thousands of people across the US file for bankruptcy. In 2019, 772,646 Americans filed for bankruptcy. While most people who file for bankruptcy understand it can significantly impact their lives, many don't expect it to affect their estate plans. If you're considering filing for bankruptcy, knowing how it will influence your estate plan can allow you to preserve your ...

Posted By Law Office of Russell S. Hershkowitz, L.L.C.

2

Mar 2020

Are U.S. Companies Taking Advantage of Bankruptcy Law?

Recently, a lot of high-profile U.S. organizations and companies seem to be surviving imminent financial ruin by filing for bankruptcy. In February, the Boy Scouts of America filed for Chapter 11 after being hit with hundreds of sexual abuse lawsuits. And last fall, Purdue Pharma filed for bankruptcy after being ordered to pay a $12 billion settlement for their role in the opioid epidemic. Other ...

Posted By Law Office of Russell S. Hershkowitz, L.L.C.

26

Jun 2019

How Bankruptcy Impacts Family Law Agreements and Orders

Bankruptcy proceedings are one of the most significant areas of law that crosses over to family law . When someone files a bankruptcy petition, they essentially pause all movement regarding their financial obligations, including orders involving the division of property at divorce and family support obligations. Because much of the issues in family law cases involve payment obligations between ...

Posted By Law Office of Russell S. Hershkowitz, LLC

30

May 2018

Which Type of Bankruptcy is Right for Me?

Bankruptcy offers solutions to financial stress, but there are different paths that you can take. Both Chapter 7 bankruptcy and Chapter 13 bankruptcy might offer solutions to help get you back on your feet, but which one is right for you? Chapter 7 Chapter 7 bankruptcy, also known as liquidation, allows a debtor to get rid of most of their debts and start over with a clean slate. A debtor must ...

Posted By Law Office of Russell S. Hershkowitz, L.L.C.

15

Mar 2018

How Long Will a Bankruptcy Remain on My Credit Report?

Escalating job losses, declining home values and weakening consumer confidence pushed over a million of individuals into bankruptcy in 2008—during the midst of the Great Depression. While filings have declined since then—with fewer than 775,000 people filing in courts last year—bankruptcy remains a word that strikes fear. However, after other options are considered, bankruptcy may be the only ...

Posted By Law Office of Russell S. Hershkowitz, L.L.C.

23

Feb 2018

The Benefits of Filing for Bankruptcy

Deciding whether or not to declare bankruptcy is without a doubt one of the most difficult things you’ll ever have to face. The emotional toll that it will take on your self-esteem and financial future is tough to wrap your mind around, but unforeseen live events can cause bankruptcy—and the truth is—it’s not all bad news. Benefits of Bankruptcy Bankruptcy is neither inherently bad or good, but it ...

Posted By Law Office of Russell S. Hershkowitz, L.L.C.