Bankruptcy Information Center

What Is the HAVEN Act in Bankruptcy Cases? May 29, 2023

The HAVEN Act is a U.S. federal law that was signed into law in 2019. Its common name, the HAVEN Act, is shorthand for "The Honoring American Veterans in Extreme Need Act of 2019". The law is designed ...

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Can A Ch 11 Case Be Involuntarily Converted To Ch 7? May 23, 2023

Yes, it is possible for a Chapter 11 bankruptcy case to be converted involuntarily to a Chapter 7 bankruptcy case under certain circumstances. In the United States, bankruptcy cases are typically ...

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What Are The Requirements For A Promissory Note? May 22, 2023

A promissory note is a legally binding document that outlines a borrower's promise to repay a specific amount of money to a lender within a defined period of time. It serves as a written agreement ...

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How Can I Get A Judgment Lien Off Of My House? May 19, 2023

To avoid a judgment lien under Chapter 13 of the United States Bankruptcy Code, specifically section 522(f), you need to follow certain steps and meet specific criteria. Here's a general guide on how ...

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What Is Chapter 11 Subchapter V? May 15, 2023

Chapter 11 Subchapter V is a section of the U.S. Bankruptcy Code that was introduced in 2019 as part of the Small Business Reorganization Act (SBRA). This subchapter is designed to make the Chapter 11 ...

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Reducing Or Stripping Off State Or Federal Tax Liens In Chapter 13 Bankruptcy Cases May 10, 2023

Under 11 USC 506, the value of a state tax lien can be determined by subtracting the amount of any prior liens from the value of the property. The remaining amount is the value of the state tax lien. ...

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