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Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
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December 2018 Archives

Chapter 7 bankruptcy: Make sure you qualify before you file

Many Louisiana residents will likely be among others throughout the nation who face serious financial crises in the post-holiday season. Fortunately, there are typically numerous options to help those in need obtain immediate debt relief and lay the groundwork to get their finances back on track. In order to apply for relief, such as Chapter 7 bankruptcy, however, one must first meet pre-application qualifications.

Senior center in another state seeks immediate debt relief

Many Louisiana business owners are currently facing serious financial problems. Fluctuating global, national and local economies can cause unexpected financial crises that are difficult to resolve. As one business in a bordering state has determined, it is sometimes better to seek immediate debt relief than to try to stay afloat without outside support.

Missed a payment? Here's what happens in Chapter 13 bankruptcy

If you are entering into Chapter 13 bankruptcy, it is important that you know what happens if you miss a payment. Missing a payment is a significant issue, because you need to make sure everyone is paid on time. If you miss a payment, there is a chance that your case could be dismissed.

Will debt relief keep USA Gymnastics from being decertified?

Gymnastics enthusiasts in Louisiana and throughout the nation are likely familiar with USA Gymnastics, the national governing body for the sport. Chairwoman for the board of directors in the organization recently announced that board members have made a collective decision to file for Chapter 11 bankruptcy as a means of immediate debt relief. Chapter 11 is one of numerous types of bankruptcy that often help struggling businesses stay afloat. 

Former TV celebrity, facing Chapter 13 complications

Louisiana residents who are currently facing serious financial quandaries are definitely not alone in their struggles. Such crises are also not isolated to the general population, as even many celebrities have sought immediate debt relief, such as Chapter 13 bankruptcy, when they've been unable to resolve their money problems. A former star of a popular TV series, "American Chopper," which stopped in airing in 2010, is trying to save his home from foreclosure.

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