Law Offices of Jorge Rodriguez-Chomat & Associates, P.A., lawyers in Miami, FL, Florida

How Often Can a Debtor File for Bankruptcy?

Some individuals, companies, or businesses consider filing for bankruptcy, usually as a last resort, when they are unable to pay their debts. About 1.5 million Americans filed for bankruptcy in 2002. That same year, nearly 40,000 businesses in the United States sought the protection of the bankruptcy laws in 2002. More...

Introduction to Chapter 11 Bankruptcy

The Bankruptcy Code is a collection of federal laws that apply in bankruptcy cases or proceedings. The Code is made up of various "Chapters" that each apply to a different type of debtor or bankruptcy. One purpose of Chapter 11 is to "rehabilitate" or "reorganize" a business so that it can continue without folding or closing. More...

Tax Claims

The treatment of tax debts in bankruptcy proceedings is an attempt to reconcile two conflicting policies. The first policy concerns the government's interest in collecting taxes. The second policy concerns the fresh start that bankruptcy is to give honest debtors. Under the Bankruptcy Code, a debtor's ability to discharge any tax debt is based upon the classification of that particular tax debt.More...

Discharge of Indebtedness

Discharge of indebtedness is the process by which a Chapter 7 debtor eliminates a debt during bankruptcy proceedings. A creditor or lender cannot collect a debt that has been discharged. More...

The Process of Filing for Bankruptcy

Bankruptcy is a method by which an individual or a business that is overwhelmed with debt can seek to be relieved of the debt. Alternatively, a debtor can seek reorganization. Most individual debtors or consumers who cannot pay their debts can file for bankruptcy, as can many companies, corporations, or businesses. More...