Michael A. Kaufman Bankruptcy Law Blog

Some of your creditors may have a security interest in your home and request that you put your mortgaged home or other property up as collateral for the debt.  Going through bankruptcy litigation does not make most of these security interests go away.  If you do not make payments on that debt, the creditor may be able to take and sell the home or the property during or after the bankruptcy case.... Read More

Chapter 13 bankruptcy in West Palm Beach consists of a trustee approved reorganization plan to pay off debts in installments over a three- or five-year period.  When an individual has a stable source of income and non-exempt assets they want to keep, Chapter 7 may be a viable solution for financial troubles. ... Read More

Bankruptcy:  Bankruptcy is a legal action that allows debtors a chance to manage their debt and start anew with their finances.  Through means such as liquidation, consolidation, and reorganization, the debts that you accumulated can be eliminated.  Once you file bankruptcy by providing the bankruptcy court with the necessary paperwork, an automatic stay is put into effect that prevents your creditors from taking any further action to pursue the collect... Read More