Category Archives: Bankruptcy
Should You Use Your Stimulus Check to Pay Down Debt
Congress recently passed a $2 trillion stimulus bill that provides money to city and state governments, as well as loans and grants to businesses. The law also requires that the Treasury cut a $1,200 check to adults who make less than $75,000 ($150,000 combined for married couples). Those earning more should receive smaller checks,… Read More »
Medical Bankruptcy from a Coronavirus Infection
The novel coronavirus behind the current pandemic affects people in different ways. Some, like actor Tom Hanks, report only feeling tired. Others end up in the hospital on a ventilator and stay there for weeks before being discharged. Though the fatality rate is still relatively low (around 2%), many people can survive only after… Read More »
Uber Executive Files for Bankruptcy
Bankruptcy is not only for the working- and middle-classes. Instead, almost anyone can find themselves under so much financial distress that filing for bankruptcy protection is the sensible option. Sometimes even the very rich need to file. Yahoo Finance has the story of an Uber executive that recently filed for bankruptcy after being ordered… Read More »
Credit Counseling Scams: What to Watch For
Credit counseling has helped millions of Americans get on top of their debts. Credit counseling is also a requirement before you can file for bankruptcy protection in court. However, credit counseling scams are rampant in the marketplace. Many counselors make claims that they can’t back up, but which sound impressive. Who wouldn’t want to… Read More »
Joe Biden Changes Tune on Student Loan Discharge
As a Senator from Delaware, Joe Biden was a huge supporter of the financial services industry. In this capacity, he helped lead the charge to changes in the bankruptcy laws back during the George W. Bush presidency. Now that he is running for President against Bernie Sanders, Biden has begun to change his tune… Read More »
Coronavirus & Your Debt
The recent explosion of the novel coronavirus, called COVID-19, has completely upended normal life. From coast to coast, cities and states are issuing orders for bars and restaurants to close. Universities and public schools are shutting down, sending students home for the remainder of the year. This is a scary time. It is also… Read More »
Which Industries Are Most at Risk During the Coronavirus Pandemic?
If the stock market is any indication of the health of the economy, the United States is on the precipice of a major downturn. The recent coronavirus pandemic has led many state and local governments to impose restrictions on their residents and local businesses. Many people are sheltering in place and only going outside… Read More »
What is the True Cost of Filing for Bankruptcy?
Many of our clients come to us only after struggling to keep up with debt payments for years. Bankruptcy is rarely a first choice for anybody, and many only choose to file when it is obvious that they cannot continue to service their debt. What is the cost of filing for bankruptcy? Lending Tree… Read More »
Could You Lose Your Home Due to the Coronavirus Pandemic?
The coronavirus pandemic continues to rage across the United States. Compared to other places, South Florida has not had as many positive tests for the virus. However, we anticipate that many more are on the horizon. This virus seems relatively easy to transmit. In fact, some researchers believe that those with the novel coronavirus… Read More »
More Mistakes to Avoid Before Filing for Bankruptcy
The recent coronavirus pandemic has shuttered many businesses and created incredible financial stress. We have no idea when the pandemic will ease, but it could be months from now. Many indebted consumers are contacting us to discuss whether they should file for bankruptcy. This is definitely an individualized decision, and we are happy to… Read More »