Our office continues to operate during our regular business hours, which are 8:30 am - 5:30 pm, Monday through Friday, but you can call the office 24 hours a day. We continue to follow all recommendations and requirements of the State of Emergency Stay at Home Order. Consultations are available via telephone or by video conference. The safety of our clients and employees is of the utmost importance and, therefore, in-person meetings are not available at this time except for emergencies or absolutely essential legal services.
Bankruptcy attorney Ben Tobey answering the question: Will a bankruptcy filing stop a foreclosure?
Over 65 million Americans receive social security benefits to make both ends meet. If your financial struggles persist and there is a dark cloud of debt hanging over your head, you might consider filing Chapter 7 bankruptcy.
Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”
The popular children’s toy store, Toys R Us has decided to close all of its United States store and liquidize assets after failing to survive the bankruptcy it filed last year. In 2017, Toys R Us filed a Chapter 11 bankruptcy in an effort to get a handle on almost $5 billion in debt. The company filed for Chapter 11 in September of 2017. The holiday shopping season was not as successful for Toys R Us as the company would have hoped, and they were unable to follow their debt plan and survive bankruptcy. As such, the company switched their bankruptcy to a Chapter 7 liquidation option instead, according to USA Today.
Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”
A Chapter 7 bankruptcy that was filed in 2003 has finally ended 15 years later. The Great Northern Paper Co. filed for Chapter 7 bankruptcy in 2003 and Chief Judge Peter Cary of the United States Bankruptcy Court for the District of Maine has ordered that the proceeding be closed within 30 days, according to Bangor Daily News. The trustee submitted a certification that the assets of the estate were accounted for and requested that the court discharge the company from other debts and duties.
Bankruptcy Lawyer Bryan W. Stone answers the question: “Do I need an attorney to file bankruptcy?”
If you’re considering filing for bankruptcy you likely have a number of questions running through your head. Unfortunately, the process is often seen as opaque and this lack of clarity can scare people off who might really stand to benefit. In the interest of full disclosure, lets spend a few moments walking through some common questions about the limits of bankruptcy.
Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”
For many people and businesses, deciding whether or not to file for bankruptcy protection is the pinnacle of their financial woes. Carefully weighing the pros and cons of this decision is something to which we have dedicated many a line of text on this blog.
Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I keep my house if I file bankruptcy?”
Thanks to the concepts of equity and the Homestead Exemption, keeping your home during and after a bankruptcy is not only possible, but a popular option for individuals who file for bankruptcy protection. However, if you choose to stay in your home after bankruptcy it is important to understand the concept of reaffirming a mortgage and its pros and cons. Your mortgage lender will almost certainly ask you to reaffirm, and having a grip on what reaffirming is, its pros and cons, and what it ultimately means for you can better inform your decision.
Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I get rid of student loans by declaring bankruptcy?”
The reason most people feel forced to consider filing for bankruptcy is because their debts increase to unsustainable levels. Whether it’s a few large debts or many small ones, the total amount owed becomes too much to keep up with, requiring you to consider filing for bankruptcy. The hope is that bankruptcy wipes these debts away, allowing you to start fresh with a clean slate. Though that’s the goal, it’s unfortunately not always the reality. The reason is that some debts can’t be easily escaped and can instead follow you despite filing for bankruptcy protection. To learn more about which debts are hardest to shake, keep reading.