Articles Tagged with personal bankruptcy

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Anyone who follows the news even a little bit has likely run across an article discussing either the merits or failings of the Affordable Care Act. Some blame the measure (also referred to as “Obamacare”) for rapidly rising health care costs. Others say the ACA should be heralded for bringing affordable health care coverage to millions of Americans. Though Republicans have now taken a concrete step to move closer to repealing and replacing the ACA, the Senate remains an obstacle and the fate of the Act is uncertain.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

No one thinks bankruptcy is ideal, whether we’re talking on the personal or corporate level. In the case of a commercial bankruptcy, many people wonder what is the best way to go, either Chapter 7 or Chapter 11. Though neither represents the best possible outcome, filing for bankruptcy doesn’t have to be a disaster either and it’s worth weighing your options about which path forward offers the most benefits.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”

While earning a salary of over $90,000 as chairman of the Illinois parole board four years ago, Adam Monreal signed numerous sworn documents in his personal bankruptcy proceeding reporting his annual salary as $38, 676.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What is the means test?”

The effect of getting a raise or losing your job after filing for bankruptcy depends on which type of personal bankruptcy you filed, and understanding what action to take is important. The temptation to not get around to reporting modest income increases, for example, can lead to your bankruptcy case getting thrown out of court, full responsibility for all debts and criminal fraud charges.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I keep my car if I file bankruptcy?”

A recent article discussed how Caesars Palace plans to give its prime Las Vegas Strip property a facelift in time for its 50th anniversary. The facelift won’t come cheap, with the company revealing that the remodel of one tower of the property will cost nearly $75 million. What makes this interesting, at least from a bankruptcy perspective, is that Caesars Palace’s parent company, Caesars Entertainment Corp., is currently in the midst of a Chapter 11 bankruptcy and reorganization process.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Will I lose my property if I file for bankruptcy ?”

Clients and potential clients have frequently asked me if there are actions or statements they should be making or taking or refraining from making or taking in their countenanced or pending bankruptcy cases.