Eric R. Von Helmsevonhelms@kmksc.com(414) 962-5110 Section 104(a) of the Federal Bankruptcy Code provides for automatic adjustments to certain dollar amounts in the Code every three years. […]
[Originally Published 4/6/20; Updated 6/3/22] The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) passed by Congress and signed into law by the President […]
(§ 522)—Exempt assets are assets that unsecured creditors (and some secured creditors) cannot reach. Some key points about exemptions are the following: Exemptions are for people—not […]
The ultimate step in creditor collection brinkmanship is the decision to start an involuntary bankruptcy petition against a debtor. There are myriad reasons to commence an […]
When it was enacted, most publicity regarding the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”) focused on consumer bankruptcy reforms. However, commercial creditors […]
The scenario is unusual but is becoming increasingly more common. A business enters into a credit agreement with a creditor to purchase goods or services. The […]
Homestead exemption laws can be used by debtors to shield real property assets from collection by creditors. A recent federal district court decision held that such […]
Section 104(a) of the Federal Bankruptcy Code provides for automatic adjustments to certain dollar amounts in the Bankruptcy Code every three years. (11 U.S.C. § 104(a)). […]