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Category Archives: Bankruptcy

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How Will Filing a Chapter 7 or 13 Bankruptcy Affect My Credit?

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

Filing for bankruptcy can offer relief if you are struggling with overwhelming debt. Filing for bankruptcy can allow you to start afresh. If you are struggling to keep up with debt payments and are considering filing for either Chapter 7 or 13 bankruptcy, it is understandable if you have questions. One of the most… Read More »

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Signs It Might Be Time To Start Considering Bankruptcy

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

In an ideal world, individuals and businesses would not need to file for bankruptcy. However, we do not live in a perfect world, and life can be unpredictable. According to statistics, in the year ending December 2023, there were 452,990 annual bankruptcy filings. This is an increase from the number reported for the year… Read More »

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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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