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Author Archives: Jay Butchko

BusWoman

Chapter 13 For The Self-Employed

By Law Offices of Carol M. Galloway, P.A. |

Sometimes, folks misinterpret information they hear in the news and take it to its logical extreme. For that reason, sometimes bankruptcy attorneys field calls about losing benefits or risks related to bankruptcy that are not real. One such example of this is Chapter 13 bankruptcy for the self-employed. Some folks believe that self-employed individuals… Read More »

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Cryptocurrency

Crypto Headed For Bankruptcy, But Is Bankruptcy Headed For Crypto?

By Law Offices of Carol M. Galloway, P.A. |

The biggest reason that crypto hasn’t “taken over” the internet is that it’s too slow to handle economies of scale. Instead, the tokens are investment chips, legally considered commodities, and can, in fact, stand in for commodities. This could be the future of crypto. What if you could put your home or vehicle on… Read More »

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Can You Discharge Tax Debts In A Chapter 7 Bankruptcy?

By Law Offices of Carol M. Galloway, P.A. |

For many Jacksonville residents, their biggest source of debt is what they owe the Internal Revenue Service. Florida may not have a state income tax, but most people still have to pay federal taxes on their income. And it is not uncommon for people to fall behind on their taxes, especially if they are… Read More »

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Question

Why Is It A Bad Idea To Represent Myself In An Employment Discrimination Lawsuit?

By Law Offices of Carol M. Galloway, P.A. |

A person has the right to represent themselves in court without the assistance of an attorney. But this is never a good idea. Most people find the legal system overwhelming, and for good reason. It is not enough to simply argue your case before a judge or jury. You also need to understand–and comply… Read More »

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Debt9

The Difference Between A Secured And Unsecured Debt In Chapter 13 Bankruptcy

By Law Offices of Carol M. Galloway, P.A. |

One advantage of filing for Chapter 13 bankruptcy over Chapter 7 is that the former can help you get current with your secured debts. For example, if you fall behind on your mortgage payments but want to keep your house, a Chapter 13 repayment plan can help you accomplish that. Chapter 7 has no… Read More »

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Discrimination3

Is “Reverse” Discrimination A Title VII Violation?

By Law Offices of Carol M. Galloway, P.A. |

Various federal and state laws are designed to prevent discrimination in employment based on a number of protected characteristics, such as race, sex, national origin, and religion. Historically, these laws were adopted to protect members of minority groups from discrimination by the majority. For example, an employer cannot fire or refuse to hire an… Read More »

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BankruptcyQuestions

Will The Florida Homestead Exemption Protect My Home If I File For Chapter 7 Bankruptcy?

By Law Offices of Carol M. Galloway, P.A. |

One of the biggest concerns that people have when thinking about filing for bankruptcy is what will happen to their house. Many people assume that bankruptcy automatically means losing their home to their creditors. But it is actually not that simple. Federal law permits each state to define certain property as “exempt” from being… Read More »

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Bankr10

How Do Chapter 13 Repayment Plans Work?

By Law Offices of Carol M. Galloway, P.A. |

One of the key differences between a Chapter 7 and Chapter 13 bankruptcy filing is that the latter requires the debtor to come up with–and follow–a repayment plan. In Chapter 7, a debtor’s nonexempt assets (if any) are liquidated and used to pay back creditors, with any remaining debts discharged by the court. This… Read More »

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Bankr29

Did A Crypto Company Commit Bankruptcy Fraud?

By Law Offices of Carol M. Galloway, P.A. |

For those who may be unaware, the crypto industry suffered a major fallout recently after one company defaulted on a loan provided by another company resulting in numerous bankruptcies across the industry. As a result, many who have invested in cryptocurrency have now had their assets frozen in their crypto accounts and may only… Read More »

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StudentDebt4

Student Loan Debt Relief And Bankruptcy

By Law Offices of Carol M. Galloway, P.A. |

When the U.S. government decided that it would extend loans to its citizens, it thought it was doing a good thing. To encourage loan vendors to issue the loans, the government had to afford it certain protections. These protections are unlike any loan provider in the U.S. No loan provider can prevent a debt… Read More »

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