When you ask an attorney (or the internet) whether bankruptcy can eliminate your student loan debt, the answers may vary. This is because student loan debt is technically dischargeable, but you need to file an adversary proceeding (separate lawsuit) to do it. Very few people attempt this for the...
You’re either thinking about filing bankruptcy or you’ve already decided to do so, but now you’re needing more information about the bankruptcy discharge. You probably have questions like, “What is the discharge exactly?” and “Do I have to pay my creditors back after my debts are discharged?” In...
We’ve seen it at our firm over and over again: A client comes to us and they feel ashamed about wanting to file bankruptcy. Somehow, they believe there is a stigma about filing bankruptcy and they feel as if despite their best efforts to pay their bills, they’ve let their creditors down. If...
If you’ve done any research about Chapter 7 bankruptcy, you may have read about how the bankruptcy trustee gathers the debtor’s non-exempt assets, liquidates them, and uses the proceeds to pay off creditors. “Non-exempt assets” refer to those assets that are not protected under bankruptcy laws;...
Are you filling up your tank once or twice a week? Nope. Are you eating out like you used to? Nope. Are you going to the movies? Nope. Are you shopping at your favorite stores every weekend? Nope. If you’re like most Americans, you’ve actually saved money during all the strict stay-at-home orders...
Small business owners now have a new option for a fresh start under federal law. If you are a business owner who is experiencing hardship during these uncertain and difficult times, then you may be eligible for immediate relief. Taking affect earlier this year, the Small Business Reorganization...
As of April, the unemployment rate in the United States rose to a record high of 14.7%. In response, the House of Representatives was expected to vote on Friday, May 15 on a second coronavirus relief bill at a price tag of $3 trillion – that’s about $1 trillion higher than the first stimulus...
Are you a small business owner who has been struggling because of the coronavirus pandemic (COVID-19)? If so, you have plenty of company. The Small Business Paycheck Protection Program was designed to provide small businesses the funds they need to help them cover payroll and benefits, to pay...
It’s no secret that the American economy has slowed down significantly since the novel coronavirus pandemic took the nation by storm. Schools and “non-essential” businesses have been shut down, the latter of which has forced millions of Americans out of work. As the days roll by, more (and more)...
In mid-March, President Donald Trump declared a national emergency due to the novel coronavirus pandemic (COVID-19). Because of the health risks involved, local, state, and federal governments have taken sweeping action to slow the spread of the coronavirus. As such, non-essential businesses have...
If you’re getting deeper and deeper in debt by the day, the funds sitting in your IRA may be looking pretty good right about now. Perhaps you have big medical bills, thousands in credit card debt, past-due utility bills and you’re barely able to pay your monthly housing expenses. As the sleepless...
If you’re like most people, you dislike contemplating your own death. So many people find the thought of dying morbid, that’s why it’s common for people to avoid visiting with an estate planning attorney and they end up dying without a will. You may not like thinking about dying, but have you ever...
