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Bankruptcy Articles

Bankruptcy Proof of Claim: What You Need to Know

The what, where, when and how of filing an accurate Bankruptcy Proof of Claim is outlined here, along with a nine-point checklist to guide you through the process.

Executory Contracts in Chapter 7 and 11 Bankruptcies

Many people do not know that there are three categories of creditors in Chapter 7 and 11 bankruptcies: secured, unsecured, and the third – executory contracts and unexpired leases, which require a separate listing in Schedule G.

Five Clues That Your Customer is Not Going to Pay You

Most business people don't recognize the moment that an account they are selling to goes bad.  Frankly, most business people don't know what to look for, even when the clues are right there.

Introduction to U.S. Bankruptcy Chapter 7

What exactly is involved in filing bankruptcy? The steps in the liquidation process – as provided for under Title 11, Chapter 7 of federal bankruptcy law – are outlined here.

Introduction to U.S. Bankruptcy Chapter 11

We complete our Introduction to Bankruptcy with an overview of the reorganization process provided for under U.S. Title 11, Chapter 11 of federal bankruptcy law.

Involuntary Bankruptcy: the Pros and Cons

As appealing as it may initially appear, filing a petition for bankruptcy against a delinquent debtor may create more problems than it solves. Be sure you understand the legal requirements and responsibilities involved before going with this option.

Selling Bankruptcy Claims: Opportunities and Risks

"The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since the Bankruptcy Code’s enactment in 1978," according to Georgetown University Associate Professor of Law, Adam J. Levitin. So, who's selling and who's buying, and what's it all about?

Unsecured Creditors' Committee

With the establishment of the Unsecured Creditors' Committee, the US Congress gave unsecured creditors a seat at the Chapter 11 Bankruptcy table.

When Your Customer Files Chapter 11

You call to collect and your debtor tells you you’re out of luck – they've filed Chapter 11. What do you do? Here's a seven-point checklist to help protect your rights.