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Monthly Archives: April 2024

Navigating Bankruptcy: Understanding Chapter 7, Chapter 11, and Chapter 13

By Law Office of Adam I. Skolnik, P.A. |

In the world of finance and law, bankruptcy can be a complex and intimidating subject. However, it’s often a necessary step for individuals and businesses facing overwhelming debt. Three common types of bankruptcy in the United States are Chapter 7, Chapter 11, and Chapter 13. Each serves different purposes and carries distinct processes and… Read More »

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Debunking Some Common Bankruptcy Myths

By Law Office of Adam I. Skolnik, P.A. |

In the United States of America, individuals and businesses can pursue bankruptcy when they are unable to repay their debts. Bankruptcy aims to give debtors a fresh start while at the same time ensuring fair treatment for creditors. Depending on the type of bankruptcy filed, the debtor may liquidate their assets to repay creditors,… Read More »

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