
Reasons you shouldn’t explore bankruptcy as an option to your debt problems.
Bankruptcy issues, articles and thoughts by attorney Mark J. Markus

Your House: Can you keep it in bankruptcy? And if so, what other options are available? How to calculate equity.

Once you get to the promised land in a bankruptcy case–the date your discharge is granted–there is frequently confusion among many as to which of their debts were in fact discharged. The confusion stems from expectations that there is some official specific ruling as to each debt. That would be nice, but it’s not the [...]
When does it make sense to file a Chapter 7 or Chapter 11 case for a corporation, LLC, or partnership?

A question I have been repeatedly asked over the years from my potential bankruptcy clients is: How much debt do they need before they can declare bankruptcy? I have found that this question has different intent and meaning to different people. For example, some people think that there actually is a minimum amount of debt [...]
Another frequent question I get from potential clients is whether debts that they are making payments on as part of a “debt consolidation” program are dischargeable in a bankruptcy case. In fact, I’ve had numerous people think that those aren’t even debts anymore, once they are in a repayment program, or that magically the 15 [...]
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