We all understand that the major catalyst in the financial crisis was the pandemic instead of a perceived lack of financial discipline, so don’t let the idea of a social stigma associated with bankruptcy prevent you from taking advantage of the benefits of the generous debt forgiveness or reorganization that...
Great News for California Homeowners that are Contemplating Filing Bankruptcy but are Worried About Losing their Property in a Bankruptcy Sale
The increased homestead exemption opens up new options for so many California homeowners who can now file Chapter 7 without worrying about surrendering their homes, or can file a Chapter 13 with affordable plan payments calculated based on their actual income.
Filing For Bankruptcy May Be The Most Responsible Thing You Can Do Right Now.
During these dire times, consumers have been kept afloat with a variety of government and business aids, such as the stimulus checks, federal unemployment payments, the PPP, small business loans, a halt on foreclosures/evictions and forbearance on student loans, mortgage or credit card debt. What happens when these end? Once...
New Bankruptcy Reorganization Law and the CARES Act May Help Small Businesses and Individuals Navigate The Economic Disruption Caused by COVID-19
By now most of us are making changes to our daily routines to comply with voluntary social distancing. As individuals adjust their routines and figure out how to keep their families safe, companies have to react quickly and decisively to COVID-19 related concerns as well, from dealing with supply chain...
Dealing with the Financial Ramifications of Voluntary Self-Quarantine
As fears about the coronavirus mount, so do concerns about possible quarantines. Quarantine is a very restrictive measure but has the potential to be the most effective at limiting the spread of the coronavirus. Its effectiveness depends on public cooperation and compliance, but there are major impediments to compliance including...