Michael H. Moody Law

Michael H. Moody Law Bankruptcy | Business Litigation | Complex Collections

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Math homework doesn't stop when you are done with school. Especially if you are a business owner. If you have a business...
08/31/2026

Math homework doesn't stop when you are done with school. Especially if you are a business owner.

If you have a business and you are considering MCA loan, stop and do the math before signing.

A $150,000 MCA with a 1.4 factor rate means paying back $210,000 and sometimes this is over a matter of months.

Before focusing on how quickly the money can hit your account, look closely at how quickly it has to leave.

https://www.michaelhmoodylaw.com/before-you-sign-that-mca-agreement-theres-something-you-need-to-know















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

U.S. Trustee vs. Chapter 7 Panel Trustee What’s the difference?The names sound similar, but their roles are very differe...
08/28/2026

U.S. Trustee vs. Chapter 7 Panel Trustee

What’s the difference?

The names sound similar, but their roles are very different.

The U.S. Trustee Program is part of the U.S. Department of Justice and helps oversee the administration and integrity of the bankruptcy system.

A Chapter 7 panel trustee is the individual assigned to administer a particular Chapter 7 case reviewing financial information, conducting the 341 Meeting, and determining whether there are nonexempt assets available for creditors.

And neither one is the bankruptcy judge.

Bankruptcy has its own language. Understanding who does what is an important first step in understanding the process.















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

The Domino Effect can happen when you sign the MCA Loan. One MCA Loan leads to another. then another. It's called MCA st...
08/26/2026

The Domino Effect can happen when you sign the MCA Loan.

One MCA Loan leads to another. then another.

It's called MCA stacking, and those daily withdrawals can quickly consume the cash your business needs for payroll, vendors, rent, and operations.

Sometimes the "quick fix" becomes the bigger problem.

https://www.michaelhmoodylaw.com/before-you-sign-that-mca-agreement-theres-something-you-need-to-know















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

After you file a Chapter 7 Bankruptcy the next step is your 341 Meeting (Meeting of Creditors). Wondering what happens d...
08/24/2026

After you file a Chapter 7 Bankruptcy the next step is your 341 Meeting (Meeting of Creditors).

Wondering what happens during your 341 meeting?

For most clients, the meeting is much less intimidating than it sounds. The Chapter 7 Trustee will confirm your identity, review basic information from your bankruptcy petition, and ask questions about your financial circumstances.

The best preparation? Review your petition, listen carefully, and answer each question honestly and accurately to the best of your ability.

We break down what to expect in our latest blog.

https://www.michaelhmoodylaw.com/what-to-expect-at-your-chapter-7-bankruptcy-341-meeting-meeting-of-creditors















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

What exactly does a bankruptcy trustee do?The trustee plays an important role in the bankruptcy process, but the trustee...
08/21/2026

What exactly does a bankruptcy trustee do?

The trustee plays an important role in the bankruptcy process, but the trustee is not the judge, and the trustee is not your attorney.

In our newest Bankruptcy Terms Explained blog, we break down the trustee’s role in Chapter 7, Chapter 13, Chapter 11, and Subchapter V bankruptcy, including what happens at the 341 Meeting of Creditors.

Understanding who is involved in your bankruptcy case can make the process feel a lot less intimidating.

Read more: www.michaelhmoodylaw.com

https://www.michaelhmoodylaw.com/what-is-a-bankruptcy-trustee















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

Before you sign that MCA Loan should you know a few things. Fast cash can feel like the answer when your business is und...
08/19/2026

Before you sign that MCA Loan should you know a few things.

Fast cash can feel like the answer when your business is under pressure. But a Merchant Cash Advance can quickly turn into daily withdrawals that make an already difficult cash-flow problem worse.

Before you sign, understand the real cost and know your options.

https://www.michaelhmoodylaw.com/before-you-sign-that-mca-agreement-theres-something-you-need-to-know















Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

Running a business means navigating cash flow crunches. Whether it's a slow season, an unexpected expense, or the gap be...
08/11/2026

Running a business means navigating cash flow crunches. Whether it's a slow season, an unexpected expense, or the gap between invoicing and getting paid, every business owner knows the stress of needing money now.

Merchant Cash Advances promise fast cash, but the daily repayment structure can drain your business dry.

Before you sign an MCA agreement, learn how stacking advances, triple-digit interest rates, and confessions of judgment create a devastating domino effect and why Chapter 11 bankruptcy may actually be the cheaper, smarter path to saving your business.

Give us a call today or send us an email [email protected]

We offer in office free consultations for business owners or over phone/zoom.

New Blog:
https://www.michaelhmoodylaw.com/before-you-sign-that-mca-agreement-theres-something-you-need-to-know














Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

How Chapter 7 Bankruptcy WorksChapter 7 begins when the debtor files a voluntary petition with the bankruptcy court, alo...
06/22/2026

How Chapter 7 Bankruptcy Works

Chapter 7 begins when the debtor files a voluntary petition with the bankruptcy court, along with detailed schedules of assets, liabilities, income, and expenses. Once the petition is filed, the automatic stay takes effect immediately under 11 U.S.C. § 362, halting all creditor collection actions; lawsuits, garnishments, foreclosures, repossessions, and collection calls.

A bankruptcy trustee is then appointed to administer the case. The trustee's primary job is to review the debtor's assets, identify any non-exempt property, and if non-exempt assets exist liquidate them and distribute the proceeds to creditors according to the priority rules established by the Bankruptcy Code.

In practice, most Chapter 7 cases filed by individuals are "no-asset" cases, meaning the debtor's property is fully protected by available exemptions and there is nothing for the trustee to sell. The debtor keeps all their exempt property and receives a discharge of qualifying debts typically within three to four months of filing.














Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

Chapter 7 Bankruptcy is the most common form of bankruptcy filed in the United States. Often called "liquidation bankrup...
06/19/2026

Chapter 7 Bankruptcy is the most common form of bankruptcy filed in the United States.

Often called "liquidation bankruptcy," it offers individuals and businesses a path to eliminate qualifying debts and get a genuine fresh start.

If you are drowning in credit card debt, medical bills, or other unsecured obligations, Chapter 7 may be the fastest and most effective way to regain control of your financial life.

Michael H. Moody Law, P.A.














Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

Who is a Bankruptcy Judge? If you are considering bankruptcy in Florida or already have a case underway, you will inevit...
06/17/2026

Who is a Bankruptcy Judge?

If you are considering bankruptcy in Florida or already have a case underway, you will inevitably interact with the bankruptcy court.

At the center of that court is the bankruptcy judge, the judicial officer who presides over your case and makes the decisions that shape its outcome.

Check out our website for more bankruptcy tips and education!

Michael H. Moody Law, P.A.














Tallahassee Bankruptcy
North Florida Bankruptcy
Florida Bankruptcy
Delaware Bankruptcy
Bankruptcy Chapter 11
Bankruptcy Chapter 11 Small Business
Bankruptcy Chapter 7
Bankruptcy Chapter 13

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