Maxwell Dunn PLC

There are several different types of bankruptcy proceedings, and which one is best in a debt situation is usually determined by the specific circumstances of an individual or a business. In this blog, we outline the most common bankruptcy chapters to give you a better idea as to which one might fit your situation. Personal […]

Most often associated with Chapter 7 bankruptcy, the most common form of bankruptcy filed in the United States, the federal homestead exemption is part of the federal bankruptcy code that allows for a party filing for bankruptcy to keep all or some of the equity in his or her home. Generally, when filing Chapter 7, […]

Bankruptcy can be a complex process, but by putting a mediator in place – an option that’s especially well-suited for commercial bankruptcy filings, as long as legal counsel for both parties is on board – the process can have a successful outcome that’s more favorable to both parties. How does bankruptcy mediation work? Mediation is […]

Traditional bankruptcy can be a complicated process involving reams of records including lists of creditors, your debts and assets, proof of income, and meetings with a bankruptcy attorney who will go over your information and work with the courts to set a date for a judge to hear your case. Since court dockets can be […]

Few people want to make the choice to file for bankruptcy, but medical bills, job loss, and other unexpected financial problems can leave you with debt that seems impossible to whittle away, making bankruptcy a reasonable option. Bankruptcy is a way to erase the stress that comes from being unable to meet those financial obligations, […]

Debt collectors can be persistent, calling at all hours of the day and night to the point of harassment. Owing money is stressful enough, but once an outstanding debt is handed over to a debt collector, the stress levels almost immediately escalate, thanks to repeated calls, threats and other intrusive behavior. A 2009 story in […]

A UCC-1 Filing Statement, also known as a UCC-1 Financing Statement, is a legal claim made against your company’s assets by a lender under the Uniform Commercial Code. It creates a UCC lien that gives the creditor the right to seize and sell certain assets to repay the debt if you default. It also gives […]

If financial challenges have caused you to fall behind on your mortgage payments, foreclosure can transition quickly from a worry to a very real possibility. Few things are more alarming than receiving a Notice of Default from your lender, as it is the first step in the potential loss of your home. When this happens, […]

There are several types of bankruptcy. Each Chapter of the bankruptcy code covers a different kind of debtor or aspect of bankruptcy cases. Chapter 11 bankruptcy is specifically used for business reorganizations, but some high-income individuals may be able to use it as well. Chapter 11 differs from Chapter 7 bankruptcy because it generally does […]

Even if you think bankruptcy is your only option, you may have alternatives that you have not considered to avoid bankruptcy. While bankruptcy is an extremely helpful option for millions of debtors every year, you may want to take some other steps before you make that kind of commitment. Bankruptcy isn’t for everyone. Depending on […]