The Bad Preference Surprise

Wasson and ThornhillBankruptcy Law

Avoid the frustrating surprise of having one your friendly creditors be challenged by your bankruptcy trustee with a preference action.

Creditor Proofs of Claim

Wasson and ThornhillChapter 7

In most Chapter 7 cases, there is not much practical effect to what creditors put on their proofs of claim.

Relief from the Automatic Stay

Wasson and ThornhillAutomatic Stay

Creditors sometimes ask the bankruptcy court for permission to take certain collection action against you or the collateral.   In our last blog post we talked about the “automatic stay.” It’s one of the most important benefits of filing bankruptcy. It’s certainly the fastest, going into effect immediately when you or your Louisville lawyer files your bankruptcy case. The automatic … Read More