Are you struggling with debt and considering bankruptcy? There are new bankruptcy thresholds that may help you qualify. Here's what you need to know: What is Bankruptcy Threshold Adjustment and Technical Corrections Act? On June 21, 2022, President Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act. This bill made modifications for the amount [...]
If you are considering filing for bankruptcy, you want to be sure that you take the right steps before filing. In fact, taking the right steps will help you avoid common mistakes and fraud. Here's what you need to know: First, What is Bankruptcy Fraud? Bankruptcy fraud can be unintentional or intentional. If you are [...]
Are you behind on your utility payments? Are you considering bankruptcy? If so, you may be wondering what will happen to your utility services after you file for bankruptcy. Here's what you need to know: Chapter 7 Bankruptcy How does Chapter 7 work? A Chapter 7 bankruptcy is the most common form of bankruptcy. You [...]
Are you considering filing for Chapter 7 Bankruptcy, but worried about what will happen to your business? Will your means of making a living be protected? Here's what you need to know: Sole Proprietor When you are a sole proprietor, your business and you will be treated as one. You are able to discharge the [...]
Do you have a cosigner on a loan? Cosigning is a common way to help someone with less than perfect credit. People cosign for different types of loans (car, mortgage, or student loan). But, did you know that when you cosign on a debt, you are equally liable for all payments? You become responsible for [...]
2020 has been a difficult year for many of us, which has made money extra tight this holiday season. This is especially true if you have fallen behind on your mortgage payments. If you are worried about foreclosure, you want to move quickly but also safely. We also want you to be armed with the [...]
In the wake of COVID-19, you may be considering filing for bankruptcy to deal with your debt. If you happen to owe the IRS money and are unsure what to do next, you have options! So, which bankruptcy chapter will help your situation? Chapter 7 A Chapter 7 takes less time and is primarily used [...]
If your company is in financial trouble, you may be weighing your options on the best way to proceed. When moving forward with a company liquidation through Chapter 7 Bankruptcy, you are probably wondering what will happen to your employees. First, you will want to make sure that you provide proper notice of mass layoffs [...]
During these uncertain times, you may be worrying about the best options for your business. Did you know that a business or LLC can file for Chapter 7 Bankruptcy? How It Works Just like an individual filing, the Chapter 7 Trustee will liquidate the assets of your business and settle your debts. However, exemptions will [...]
During these difficult times, you may be worried about how stay afloat. But, there are options to help you get out of debt and moving towards a your financial fresh start. Before you make any decisions, you should take time to speak with a qualified bankruptcy attorney to go over the options that will work [...]
