WHAT PROPERTY IS EXEMPT?

“Exempt” means free from, or not subject to an obligation; or excused.  Exempt property is that which a person is entitled to keep, either in the event of collection efforts from a creditor with a judgment, or in a bankruptcy.  What property is exempt depends mostly on the laws of the state in which you …

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HOW TO SETTLE A LAWSUIT

(The following has been excerpted from Mr. Crowder’s book, LAWSUIT SURVIVAL 101, available for purchase here:  https://www.crowderlaw.com/product/lawsuit-survival-101/ ). The line between settling and defending the lawsuit is thinly drawn.  Most lawsuits are settled before trial, and the percent of lawsuits that are actually tried is very small – about 5% or less.  However, most settlements …

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CHAPTER 11 BANKRUPTCIES NOW EASIER FOR SMALL BUSINESS DEBTORS 

The Small Business Reorganization Act of 2019 streamlines existing rules for small businesses to restructure successfully under Chapter 11 of the Bankruptcy Code. A small business debtor can be a business entity (corporation or LLC) or an individual, engaged in business, with debts less than about $2.7 million.   Some of the Act’s provisions include: A …

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