As the COVID-19 pandemic has continued the past few months, the financial fallout has been very severe for many people. Because of this, numerous individuals and business owners have been forced to declare bankruptcy to avoid further financial ruin. To help offset this, the CARES Act has brought about various changes to how Chapter 7… Read more »
Monthly Archives: June 2020
Bankruptcy Plan interrupted by Quarantine and Lay Off? What can you do?
Before the pandemic began, you may have been able to make your Chapter 13 bankruptcy payments without any problem. You could keep up with the court order to pay the trustee every month and avoid having your case be compromised by your lack of finances. However, when the pandemic caused you to lose your job,… Read more »
Bankruptcy Considerations due to Pandemic
The economic effects of the COVID-19 pandemic has created financial difficulties for many families and individuals. Layoffs, furloughs, pay decreases and other job-related consequences has become common. This has resulted in increased debt, defaults on payments and threats of foreclosure. For many Americans, bankruptcy may be recommended to achieve a fresh start and obtain relief… Read more »
Review of COVID-19 Business Bankruptcy Relief
Overview of the COVID-19 Bankruptcy Relief for Businesses The beginning of 2020 brought new challenges for businesses. Many people in various industries have been forced to close their doors, making it impossible to keep up with their expenses. This event has caused businesses to close down and has left many people without income. Important Information… Read more »
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