Aaron Kelly Bankruptcy Law Blog

What happens to Intellectual Property during Bankruptcy
Intellectual Property during a Chapter 11 Bankruptcy

Many of you would recognize the name CBGB from t-shirts and slogans, all without knowing that the name originated from a legendary music venue in Manhattan. Even more interesting, the club has been closed since 2006. Yet, the investors who purchased it bought it for the naming rights, not the club. These rights, called intellectual property rights, are now in the... Read More

What can bankruptcy do for you?

As we all know, times are tough. Many people are having problems with their investments and have been inquiring about their options. Unfortunately, however, many clients have tried "go at it alone" and have gotten themselves in even more financial distress. Some clients, which were successful business owners in the community, are on the verge of losing their homes.

In many cases, before it's too late, we can help clients recover... Read More

Chapter 11 Bankruptcy: What businesses can file for bankruptcy?

Arizona LLC Bankruptcy lawyers

The United States Bankruptcy code that deals with Chapter 11 Business Bankruptcy is one of the most complicated statutes in American history. Not surprisingly, there are few attorneys that handle these types of cases. Often times our business bankruptcy lawyers receive calls from clients in dire financial straits asking... Read More

Protecting creditors rights when a debtor files a Chapter 7 or Chapter 13 bankruptcyHow to protect your rights when someone has filed bankruptcy
Across the country, Courts are seeing more and more debt-collection cases flood the courtrooms. Most of the cases involve credit card collections, foreclosures, or evictions. This proverbial debt collection crisis is the result of the economic crash that occurred in 2008, which caused housing values to plummet and major... Read More

When considering whether to file bankruptcy it is important to take into account all of the options available. For many, the need for and advantages of bankruptcy are obvious. To others, it will be a last resort. As the debts pile up and the creditors hound you, it is important to consider what can be done. This article will provide basic information on the types of bankruptcies available to both consumers and businesses.

Chapter 7 Bankruptcy - Liquidation
Chapter 7... Read More

Federal Programs for home loan modifications during bankruptcy

The third quarter of 2009 saw a record number of foreclosures across Arizona according to RealtyTrac, an online marketplace for foreclosure properties. For the fifth quarter in a row, Arizona ranked second behind only Nevada with one out of every 55 homes threatened by foreclosure. In the Phoenix area alone, 2009 foreclosures jumped 158% over the 2008 figures.

While the first round of foreclosures in 2008... Read More