When a Chapter 11 business bankruptcy is filed, as a general rule the debtor company cannot pay prebankruptcy debts until a plan or reorganization is approved many months letter. However, in certain circumstances the inability to pay certain prepetition debts can put...
Month: June 2019
Can I File a Bankruptcy a Second Time?
A bankruptcy can be filed a second time. The impact of filing depends on how long before was the prior bankruptcy filed and what chapter was filed and whether a discharge was received in a prior bankruptcy. If a discharge was received in a chapter 7, you cannot...
New Philadelphia Location for Meeting with Creditors
Whether you live in Northeast Philadelphia, Center City Philadelphia, or elsewhere in the city, when you file a Chapter 7 or a Chapter 13 Bankruptcy you are required to attend a "Meeting of Creditors". In most consumer cases none of the creditors show up. However, you...