What is an Adversary Proceeding in Bankruptcy?
In the course of a bankruptcy, disputes may arise among the debtor, creditors and/or the trustee. If the parties cannot amicably resolve them, one of the parties may initiate an adversary proceeding, which may be thought of as a case within a case. An adversary proceeding is similar to a civil lawsuit but it is… Read More »
What Issues Can Cause Your Bankruptcy to be Denied?
People who are facing insurmountable debts often seek bankruptcy protection. At the end of the process, they expect their debts to be discharged. However, not every bankruptcy case ends in a discharge. There are several reasons why bankruptcy petitions can be denied. The chief cause of bankruptcy cases going off track is the debtor’s failure… Read More »