Category: Latest Bankruptcy News

Comprehensive Guide to Subchapter V in Chapter 11 Bankruptcy

Comprehensive Guide to Subchapter V in Chapter 11 Bankruptcy

Understanding the benefits and complexities of Subchapter V in Chapter 11 Bankruptcy is essential for small businesses facing financial challenges. This latest addition to the bankruptcy code offers a streamlined

July 11, 2023
What is a Credit Card Judgment?

What is a Credit Card Judgment?

Credit card judgments are awarded by a court to a credit card company, or their debt collectors, against a consumer who has failed to pay a credit card. However, the

July 28, 2013
Famous People who have filed bankruptcy

Famous People who have filed bankruptcy

The purpose of filing for bankruptcy is to enable a person who has through bad luck, such as medical bills that outran health insurance, bad decisions, such as unsound investments

July 15, 2013
Over 60% of Bankruptcies Caused by Medical Bills

Over 60% of Bankruptcies Caused by Medical Bills

Unless you are uber-rich, you may only be an illness away from bankruptcy. As early as 2009, CNN reported that 62 percent of all United States personal bankruptcies could be traced to

July 11, 2013
Bankruptcy Demographics

Bankruptcy Demographics

Every year more women file for bankruptcy than men do. On average, these women are Caucasian, married, and middle-aged. While these women are employed, their annual salary is less than

July 10, 2013
The Bankruptcy Process For Someone With Medical Debt

The Bankruptcy Process For Someone With Medical Debt

The Bankruptcy Process For Someone With Medical Debt from Stephen Kass Many people think bankruptcy only happens to people who were financially irresponsible. In fact, over 60 percent of all bankruptcies are caused

July 10, 2013
Director Duties to Creditors at Insolvent Businesses

Director Duties to Creditors at Insolvent Businesses

The California Court of Appeal, Sixth Appellate District issued a ruling in Berg & Berg Enterprises, LLC v. Boyle, 2009 Cal. App. LEXIS 1740 (Oct. 29, 2009) that limits a breach

January 14, 2012
Consumer Debt Collection in New York

Consumer Debt Collection in New York

Of importance to consumers facing debt collection problems is 15 USC Section 1681, the Fair Credit Reporting Act. A “debt collector” is generally any person who, in the ordinary course

September 10, 2011
IRS Announces New Steps To Help Struggling Taxpayers

IRS Announces New Steps To Help Struggling Taxpayers

The IRS recently announced a new initiative to help taxpayers get a fresh start. According to the article: The goal is to help individuals and small businesses meet their tax obligations,

March 3, 2011
Manhattan Bankruptcy Attorney Stephen B. Kass P.C. Filed TriBeCa Amish Market Bankruptcy Case

Manhattan Bankruptcy Attorney Stephen B. Kass P.C. Filed TriBeCa Amish Market Bankruptcy Case

New York, New York – February 23, 2011 – Manhattan bankruptcy lawyer Stephen Kass, Esq. announced today the recent settlement of a major Chapter 11 bankruptcy. According to the Crain’s New

February 24, 2011

Miami Florida Tax Articles

Florida Tax Guide: Is Social Security Taxed in Florida? Federal Tax Benefits of Retiring in the State of Florida 2023

Florida Tax Guide: Is Social Security Taxed in Florida? Federal Tax Benefits of Retiring in the State of Florida 2023

Social Security benefits serve as a vital source of income for many retirees. As individuals near their golden years, understanding the nuances of Social Security taxation becomes crucial. In this

September 11, 2023
Florida Tax Information for Taxpayers and Tax Professionals: Do I Need to File State Income Taxes in Florida? Role of Florida Department of Revenue

Florida Tax Information for Taxpayers and Tax Professionals: Do I Need to File State Income Taxes in Florida? Role of Florida Department of Revenue

Are you a resident of the Sunshine State wondering about your state tax obligations? Understanding whether you need to file state taxes in Florida is essential to ensure compliance with

August 28, 2023
Florida State Tax Rate 2023: Is There An Income Tax in Florida? Everything You Need To Know About Florida Tax. Florida Income Tax Calculator

Florida State Tax Rate 2023: Is There An Income Tax in Florida? Everything You Need To Know About Florida Tax. Florida Income Tax Calculator

In a world where state income taxes are the norm, Florida stands out as a haven for residents seeking a reprieve from this financial burden. The Sunshine State has gained

August 18, 2023
Florida Tax Guide: Is Social Security Taxed in Florida? Federal Tax Benefits of Retiring in the State of Florida 2023

Florida Tax Guide: Is Social Security Taxed in Florida? Federal Tax Benefits of Retiring in the State of Florida 2023

Social Security benefits serve as a vital source of income for many retirees. As individuals near their golden years, understanding the nuances of Social Security taxation becomes crucial. In this

September 11, 2023
Florida Tax Information for Taxpayers and Tax Professionals: Do I Need to File State Income Taxes in Florida? Role of Florida Department of Revenue

Florida Tax Information for Taxpayers and Tax Professionals: Do I Need to File State Income Taxes in Florida? Role of Florida Department of Revenue

Are you a resident of the Sunshine State wondering about your state tax obligations? Understanding whether you need to file state taxes in Florida is essential to ensure compliance with

August 28, 2023
Florida State Tax Rate 2023: Is There An Income Tax in Florida? Everything You Need To Know About Florida Tax. Florida Income Tax Calculator

Florida State Tax Rate 2023: Is There An Income Tax in Florida? Everything You Need To Know About Florida Tax. Florida Income Tax Calculator

In a world where state income taxes are the norm, Florida stands out as a haven for residents seeking a reprieve from this financial burden. The Sunshine State has gained

August 18, 2023