Category: Bankruptcy Law

Why Do You Need a Bankruptcy Attorney?

Why Do You Need a Bankruptcy Attorney?

Generally, in a bankruptcy case when a Trustee attempts to sell property free and clear of any interest in that property they must fall under one of the five subsections outlined in Bankruptcy Code Section 363(f). Specifically, Section 363(f)(4) allows the Trustee to sell the property free and clear if such interest in that property […]
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automatic stay in bankruptcy law

Automatic Stay in Bankruptcy Law: What You Should Know

When a debtor initially files a petition under the United States Bankruptcy Code a creditor is stayed from continuing or commencing any action to collect a debt from the debtor.[1] With very few exceptions the automatic stay goes into effect automatically.[2] Debtors have used the automatic stay, and its broad coverage, to their advantage by […]
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