Recent Blog Posts
Bankruptcy and COVID-19
The COVID-19 pandemic has caused an economic disruption unlike any other in modern times. Many businesses found themselves needing to shutter their doors under the direction of the state or federal government, leaving both employers and employees without a source of income. In many cases, these employers furloughed or laid off their employees, and… Read More »
What Information Do You Need To File Bankruptcy
Bankruptcy involves a great deal of paperwork in order to provide documentation regarding all of your finances to the court. You may feel flustered as you begin to consider the process of filing for bankruptcy. While you will have to disclose all of your assets, debts, and income to the federal bankruptcy court, you… Read More »
Julianne Frank P.A. Confirms First Florida Subchapter V Case
On June 11, 2020, the law firm of Julianne Frank P.A. confirmed the first Subchapter V case in Region 21, which includes Florida, Georgia, Puerto Rico and the US Virgin Islands. Subchapter V is a new version of Chapter 11 that allows small businesses to restructure and reorganize in a more cost effective and… Read More »
Means Test in Florida
Filing for bankruptcy provides many people with the financial fresh start they need following serious challenges with credit card bills or medical bills. Unfortunately, in some cases, those filing for bankruptcy were taking advantage of the ability to discharge debts. Therefore, in 2005, Congress passed legislation requiring those filing for bankruptcy to meet specific… Read More »
Placing Rental Properties in an LLC
Many people consider how to best protect their assets. If you are considering purchasing rental properties or already have rental properties, you may be curious if creating a legal entity known as a Limited Liability Company (LLC) could insulate your assets and protect them. There are pros and cons to placing your rental property… Read More »
Understanding the Benefits of a Revocable Living Trust
If you are considering your estate planning needs, there are more options available to you other than a Last Will and Testament (will). Visiting with an experienced estate planning and asset protection attorney can help ensure that your wealth is not only protected, but distributed according to your wishes after your death. Revocable Living… Read More »
Life After Bankruptcy
If you are struggling with deciding whether or not to declare bankruptcy, one of your largest obstacles may be what your life will look like following your bankruptcy. Will you ever be able to get a credit card again? Will you qualify for a home loan? Will you be able to make any large… Read More »
Businesses have Powerful New Weapons in Solving Financial Problems
Julianne Frank, Esq All rights reserved 2020 In my prior post we discussed how CARES may or may not get you your special subsidy check from the government. Today, we turn our attention to the future of bankruptcy given the monumental impact Coronavirus is having, and will continue to have, on our economy. If… Read More »
World Record Bankruptcies Ahead? Maybe Not
Julianne Frank All rights reserved 2020 A professor an NYU who developed a renowned model for predicting business failures has issued a report that says that while annual bankruptcies may increase over the next 12 months, they are not likely to match the 1.5 Million cases that were filed after the Great Recession. Economists… Read More »
Will Bankruptcy Help with My Divorce?
If you find yourself in both financial distress and marital distress, you may be considering filing for both bankruptcy and divorce. While you can legally file for both at the same time, it can cause unnecessary complications and delays in both proceedings. Understanding how filing for either bankruptcy first, or divorce first can affect… Read More »