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Bradley David Mccormack

Bradley Mccormack’s Legal Guides

3 total

  • Does paying my creditors 100% in a Chapter 11 Plan give me personal guaranty protection?

    Many small business owners personally guarantee their corporate debt. A Chapter 11 filing stops collection activities against the company, but what about the owners? The Chapter 11 Co-Debtor Stay The

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  • New Value Contribution in Chapter 11 Plans - aka How to Beat the Absolute Priority Rule

    A Debtor company in Chapter 11 will want to retain its property. If it does not pay all of its creditors 100% of their claim, the company could face an objection based upon the Absolute Priority Rule

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  • Family Law implications in Chapter 7 and Chapter 13 Bankruptcy

    Part I -The ABCs of Bankruptcy Chapter 7 Bankruptcy Time Frame 4 months from date of filing to discharge.A Meeting of Creditors (called a 341 Meeting after the code section 11 U.S.C. 341) is held 1 month after filing. Liquidation of debt no payments made towards debt Secu...

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