Obtained Dismissal of the Debtor’s Bankruptcy Proceeding
April 19, 2016
Our client, a community bank, had been thwarted on numerous occasions by a commercial customer’s multiple abusive Chapter 11 bankruptcy filings which were designed to thwart the bank’s legitimate efforts to regain its collateral. On behalf of our client, we successfully objected to a continuation of the automatic stay and, after an evidentiary hearing, obtained a dismissal of the Debtor’s bankruptcy proceeding.
RESULT : Our client was permitted to proceed with the liquidation of its collateral in order to collect its debt against a commercial customer.
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IF YOU FIND YOURSELF IN A FINANCIAL HOLE, THE FIRST THING TO DO IS STOP DIGGING – AND THEN CALL AN EXPERIENCED MASSACHUSETTS BANKRUPTCY ATTORNEY If you are a Massachusetts Bankruptcy filer, or just thinking about filing bankruptcy to deal with your mortgage, credit card, tax, student loan or other debts. The first and most [..]
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Is the Coronavirus Pandemic going to force me or my business to file Bankruptcy? Coronavirus and Your Debt: Unfortunately, many Peabody and North Shore families and businesses are wrestling with that question right now. Hopefully you and your loved ones and friends are all (and will remain) healthy. By now, you (or your employer [..]
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Client’s Andover, MA home had been auctioned at foreclosure sale while clients were in the process of attempting to obtain a loan modification from their mortgage company. Client also had substantial credit card debt, tax debt and medical bills. We immediately filed a Chapter 13 bankruptcy case on behalf of the client and filed a [..]
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Client came to us two days before foreclosure auction on his home in Newburyport, MA. Client had fallen behind on mortgage and credit card payments after having been laid off 18 months earlier. Client had been unsuccessful in obtaining loan modification due to lack of income. We filed a chapter 13 bankruptcy on behalf of [..]
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