What You Can Learn from the Hertz Bankruptcy

What You Can Learn from the Hertz Bankruptcy

When there is an extended interruption in cash flow, many large corporations turn to Chapter 11 bankruptcy relief.  I am not surprised that Hertz filed for Chapter 11 bankruptcy relief just like a lot of other companies have done recently.   We can expect more filings...
How Much Does it Cost to File Bankruptcy?

How Much Does it Cost to File Bankruptcy?

Well that is the fundamental question. You are in rough financial shape and need to file for bankruptcy. You just lost your job or just closed your business. Creditors are calling. How do you make the break between saving up to file bankruptcy and holding off the...
What Is a Lien Strip? (Bankruptcy 13)

What Is a Lien Strip? (Bankruptcy 13)

Lien stripping allows a Chapter 13 debtor to remove a junior mortgage secured against the debtor’s real property. Lien stripping does not apply to first mortgages. First mortgages on residential real estate cannot be modified. Lien stripping is available only for...