{"id":896,"date":"2010-04-05T14:08:30","date_gmt":"2010-04-05T14:08:30","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=896"},"modified":"2018-11-28T08:44:32","modified_gmt":"2018-11-28T08:44:32","slug":"bankruptcy-basics-with-the-bankruptcy-bill-cartoon-cents-on-the-dollar-and-involuntary-filing","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/bankruptcy-basics-with-the-bankruptcy-bill-cartoon-cents-on-the-dollar-and-involuntary-filing\/","title":{"rendered":"Bankruptcy basics with the Bankruptcy Bill cartoon: “cents on the dollar” and “involuntary filing”"},"content":{"rendered":"

The latest Bankruptcy Bill<\/strong><\/a> cartoon is out (“Bankruptcy Bill #25:\u00a0 Dutch Date<\/a>“<\/strong>) and finds humor in the euphemisms bankruptcy lawyers might employ in discussing a blind date gone awry.\u00a0 The humor is intended primarily for an audience of bankruptcy lawyers.\u00a0 But I thought it also offers a nice opportunity to educate my clients and other readers on a couple common bankruptcy terms.<\/p>\n

So have a look at the cartoon below, and if it doesn’t seem funny at first, take a look at my explanations below and give it one more shot.\u00a0 (If you still don’t find it funny after that, then my apologies, but you’ll have to take it up with the creators of the Bankruptcy Bill cartoons<\/a>.)<\/p>\n

Note: This cartoon is posted on the NYBankruptcyNet<\/a> site with the express permission of the creators of Bankruptcy Bill<\/strong><\/a>.<\/em><\/p>\n

\"\"<\/a><\/em><\/p>\n

1.\u00a0 “. . . cents on the dollar”<\/strong> – If a creditor in a bankruptcy says they’re getting 50 cents on the dollar, it just means they’re only getting 50 cents for every dollar they’re owed.\u00a0 It’s the same as saying you’re getting a 50% return.\u00a0 For some reason, though, lawyers seem to enjoy saying “cents on the dollar.”<\/p>\n

2.\u00a0 Involuntary filing<\/strong> – In most bankruptcy cases, a debtor files for bankruptcy of his or her (or its) own volition.\u00a0 However, while it’s a relatively less common scenario in practice, a creditor has the option of going to the bankruptcy court and attempting to file a bankruptcy case on behalf of the debtor in an effort to recover money owed.<\/p>\n

For more bankruptcy explanations or for help with a New York bankruptcy-related matter, please get in touch<\/a> for a free initial consultation<\/strong>.<\/p>\n

Contact Bruce Weiner, Esq.<\/h2>\n

EMAIL Bruce Weiner<\/a><\/strong>
\nPhone<\/strong>
\n(718) 855-6840 (Local)
\n(866) 402-8476 (Toll Free)
\nFax<\/strong> (718) 625-1966<\/p>\n

Go to Bankruptcy Attorney Brooklyn NY<\/a>\u00a0<\/em>t<\/em>o learn more about Rosenberg Musso & Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest Bankruptcy Bill cartoon is out (“Bankruptcy Bill #25:\u00a0 Dutch Date“) and finds humor in the euphemisms bankruptcy lawyers might employ in discussing a blind date gone awry.\u00a0 The humor is intended primarily for an audience of bankruptcy lawyers.\u00a0 But I thought it also offers a nice opportunity to educate my clients and other …<\/p>\n

Bankruptcy basics with the Bankruptcy Bill cartoon: “cents on the dollar” and “involuntary filing”<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[16,126,31],"tags":[2,17,19,21,71,30,32,156,54,51,52,153,35,55],"acf":[],"yoast_head":"\nBankruptcy basics with the Bankruptcy Bill cartoon: "cents on the dollar"<\/title>\n<meta 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