Lloyd H. Falk

Phone: 954-302-7634 Fax: 954-764-1968

Lloyd H. Falk 600 SW 4th Avenue Fort Lauderdale, FL Broward Co. 33315 (Broward Co.)View Map

Bankruptcy

Unsecured Claims
Unsecured debt may be generally described as a debt where credit was granted based solely upon the promise or ability of the debtor to pay. Claims that are not secured by any collateral or subject to setoff are generally unsecured claims. For purposes of bankruptcy, unsecured claims are classified and paid based on a priority list described in the Bankruptcy Code. Each class must be paid in full before the next lower class is paid anything. More...
Chapter 11 Debtors in Possession
Upon the filing of a voluntary petition for relief under chapter 11 or, in an involuntary case, the entry of an order for such relief, the debtor automatically assumes an additional identity as the "debtor in possession." The term refers to a debtor that keeps possession and control of its assets while undergoing a reorganization under chapter 11, without the appointment of a case trustee. More...
Voluntary and Involuntary Bankruptcy
A voluntary case is commenced by filing a petition with the bankruptcy court. The commencement of a voluntary case constitutes an order for relief under the relevant chapter. An involuntary case is commenced by filing a petition with the bankruptcy court under Chapter 7 or 11. More...
Bankruptcy Discharge
Bankruptcy is a process created by federal law that provides relief for debtors, who can either eliminate their debts or repay their debts. Chapter 7 "liquidation" is the process by which debtors wipe out or "discharge" many of their debts. More...
Case Closing and Reopening
Bankruptcy Case Closing Defined More...

Areas Of Practice

  • Bankruptcy
  • Criminal Law
  • Divorce
  • Drug Crimes
  • DUIDWI
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