Blog

Features and Rules of Chapter 11 Bankruptcy

July 7th, 2017

Here are some basic features and rules of Chapter 11 bankruptcy. While going through the process, be keen of what you can and cannot do: The Automatic Stay During the beginning of a bankruptcy case, an automatic stay is initiated. An automatic stay closely resembles an injunction. For a bankruptcy, an automatic stay stops creditors […]


READ MORE >

Chapter 11 Reorganizationfor Publicly Traded Companies

July 6th, 2017

Overview of Chapter 11 – Corporate A Chapter 11 bankruptcy governs corporate reorganization. Two very important things are considered throughout the process. One of those is the consideration of objectives by which reorganization rules might not be judged. The second is evaluating the standard bargaining approaches of existing rules and alternative methods. When a corporation […]


READ MORE >

Merits of Merchant Cash Advances Scrutinized By Bankruptcy Court for the District of New Jersey

April 14th, 2017

On March 23, a complaint by the bankruptcy trustee for Lam Cloud Management, LLC in the United States Bankruptcy Court for the District of New Jersey argued two small business financing models: (i) merchant cash advances (“MCAs”); and (ii) small business loans originated under bank partnerships.  Today our experts at Shipkevich PLLC discuss allegation pertaining […]


READ MORE >

Merchant Cash Advance: A Purchase of Future Receivables or a Loan in Disguise

April 13th, 2017

What is a Merchant Cash Advance (MCA)? Small businesses often bring innovative ideas to the real economy. Thus, small business financing remains important for the future economy.[1] Because of this importance, Merchant Cash Advance (MCA) became a popular form of small business financing after the 2008 financial crisis when institutional lenders declined in lending cash[2] […]


READ MORE >

Information About a Chapter 13 Bankruptcy

April 25th, 2016

Chapter 13 Bankruptcy Information: What is a Chapter 13? A Chapter 13 bankruptcy is also known as reorganization or wage earners bankruptcy. Since bankruptcy law is designed to cater for a wide range of individuals, a Chapter 13 bankruptcy caters for those bankruptcy filers who earn too much to qualify for a Chapter 7 bankruptcy. The […]


READ MORE >

CFPB Fair Debt Collections Act 2015 Annual Report

April 15th, 2016

The fifth annual Fair Debt Collections Act (FDCPA) report released by the Consumer Financial Protection Bureau (CFPB) covered all activities pertaining to debt collection practices in 2015 and also provided clues about any possible future activities. This year cited an all time high in the number of actions taken against non-complying companies. One of the […]


READ MORE >

Can Bankruptcy Save My Business?

March 15th, 2016

Those who own and operate small businesses know firsthand that it can be difficult—very difficult—to run said business. Issues of payroll, of finding and keeping customers, of obeying a host of laws set up around most any business…all of these can be difficult to say the least. Since 50 percent of small businesses fail in […]


READ MORE >

Bankruptcy Doesn’t Always Eliminate Every Debt

February 23rd, 2016

Bankruptcy can go a long way toward getting rid of debt. When it comes to ways to get out of debt, bankruptcy may well be the best. Not even bankruptcy can eliminate every debt, however, as some debts will be proof against even bankruptcy. A Chapter 7 bankruptcy, or even a Chapter 13, will go […]


READ MORE >

Logo-Shipkevich