Do I Give Up Anything if I File a Chapter 7?

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;...

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How to Avoid Overspending Post COVID-19

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...

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New Options for Small Business Owners

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...

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Will Americans Receive Another Stimulus Check?

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...

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What is the Small Business Paycheck Protection Program?

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...

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COVID-19 & Federal Mortgage Relief Programs

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)...

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Which Industries Were Hit the Hardest by COVID-19?

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...

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Should You Take Money Out of Your IRA to Pay Off Debt?

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...

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Is My Spouse Responsible for My Debt When I Die?

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...

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Are You Living Paycheck to Paycheck?

“Do not spend a dime until I get paid on Friday, otherwise we’ll be overdrawn in the bank account!” Does that sound familiar? If so, you’re probably living paycheck to paycheck just like 78% of America’s workforce, according to Career Builder™. If you don’t know why your paycheck keeps...

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Will Chapter 7 Wipe Out All of My Debt?

If you’re dealing with crushing debt and you feel you’re running out of options, you may be considering filing a Chapter 7 bankruptcy. While Chapter 7 bankruptcy can be an ideal option for many debtors, it’s not the right solution for everyone. Is Chapter 7 bankruptcy right for you? The right...

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When Does Bankruptcy Make Sense for Seniors?

With the cost of living increases, inflation, and rising healthcare costs, it’s no wonder why some senior citizens file for bankruptcy relief. If you’re a senior citizen who is considering filing a Chapter 7 or Chapter 13 bankruptcy, you will have some unique factors to consider, which don’t...

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