Bankruptcy Basics
Bankruptcy is a mechanism governed by federal law which allows individuals or corporations to obtain relief from debts that they cannot afford to pay.
Chapter 7
Under Chapter 7, the debtor’s assets / personal property are liquidated /sold and the proceeds are used to pay creditors.
Chapter 13
Chapter 13 bankruptcy typically applies to individuals who have enough money to pay their living expenses, but not enough income to completely/promptly pay other outstanding debts.
An experienced bankruptcy attorney can assist you in finding a fresh start.
Bankruptcy Blog
19Apr
Retailpocalypse is about to get worse
According to CoStar, a real estate information firm:”Retail is set to have a record year of closures, spurred by the shuttering of Toys ‘R’ Us, Sam’s Club, Sears and Bon-Ton stores around the country, CNBC’s...
19Apr
I am now seeing Clients for a Free 20-30 minute Consultation
Due to the number of people that call me and explain they are working over 40 hours a week or working 2-3 jobs, I will now see clients on Saturday for a Free Consultation. I...
17Apr
When School Ends, Hunger Begins for over 35,000 children in Sarasota and Manatee County
You can help with the campaign against summer hunger, here’s how: Make a donation at allfaithsfoodbank.org Host a food or fund drive Tell everyone you know about this campaign! For more information contact Elaina Mand:emand@allfaithsfoodbank.org....
Sherry Ellis, P.A.
Attorney
Sherry F. Ellis has been interested in helping improve other people's lives since she her early days as Director of one the Adolescent Chemical Unit at a local Residential Psychiatric Facility ...