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High Profile Judgment against Gawker Media Group Illuminates the Bankruptcy Process

When The Wall Street Journal (WSJ) reported that Univision Communications, Inc. won a court-administered auction of assets belonging to Gawker Media Group (08.16.16), I thought this case perfectly illustrated how the Chapter 11 bankruptcy process works. For example … A Single or Series of Disastrous Financial Incidents Disrupts a Company In this case, a court

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Solomita Law Offers Free Debt Relief Tele-seminar Thursday, April 7, 7 pm

We know that it’s not always easy to discuss personal financial matters, particularly when they involve debt. Many people struggling with debt believe there is no way out, so they avoid seeking advice until monetary situations become even more dire. Often, they can’t pay off their debts without outside help. To answer frequently asked questions

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How Bankruptcy Affects Foreclosure Proceedings

If your mortgage loan is in arrears, your lender may pursue foreclosure options against you. If the lender is successful in its foreclosure attempt, the lender will be able to retain the property and remove the homeowners who have been foreclosed on. Bankruptcy is a tool that can be used to prevent foreclosure. If your

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Another Day, Another Scam: Beware of Con Artists

If you use email, frequent the Internet, have a telephone, or open your door to solicitors, it’s likely that you will be targeted by con artists at some time in your life. If you are very active on the internet, that likelihood seems to increase daily. Con artists are sharp, believable, and creative, and they

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Welcome to the Solomita Law Blog

Not only have we just launched a new law practice, but I’m pleased to begin sharing thoughts, news, legal opinions and information with you through our new blog platform. If you like, you can share your own concerns with me, too, via the contacts form at our law practice website, www.SolomitaLaw.com. Also, feel free to

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Frequently Asked Questions by Solomita Law Clients — Part ll

In our prior article, Solomita Law answered three frequently asked questions about bankruptcy. This article addresses other common queries. Must I include every one of my debts in a bankruptcy filing or may I elect to pay off certain debts without applying for a discharge? All debts must be included in the bankruptcy petition. Certain

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Frequently Asked Questions by Solomita Law Clients — Part l

Many people under financial duress avoid filing for bankruptcy because they don’t understand how bankruptcy works, don’t know where to turn for information, or fear that they will not be able to live a normal life after bankruptcy. In fact, bankruptcy law provides a means for recovering from excessive debt, and many (possibly even most)

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Understanding Bankruptcy Options

Positioning Yourself for a Fresh Start through Bankruptcy Under Title 11 of the United States Code, bankruptcy laws were established to assist financially distressed individuals and organizations with debt relief. After a bankruptcy has been granted and debts have been discharged, debtors are positioned to gain stronger financial footing, and repay debts, such as mortgage

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Welcome to the Solomita Law Blog

Not only have we just launched a new law practice, but I’m pleased to begin sharing thoughts, news, legal opinions and information with you through our new blog platform. If you like, you can share your own concerns with me, too, via the contacts form at our law practice website, www.SolomitaLaw.com. Also, feel free to

Read More