Filing for bankruptcy is a solution the United States federal and state laws provide for debts you cannot pay. While bankruptcy is often presumed to result from squandering or mismanaging money, it’s not always so. You can end up bankrupt due to medical bills, divorce, student loans or catastrophic emergencies. What is bankruptcy? According to…
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I’m financially stuck and considering bankruptcy but don’t know what to do. The time of the holidays and looking toward the New Year is supposed to bring great joy, gathering and thanks. For many, especially this year, it may instead bring great stress and worry. Maybe you didn’t expect to lose your job or wind…
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I’m nervous about having to declare bankruptcy or collect unemployment benefits. We know that the COVID-19 pandemic still presents a serious financial hardship for many people. Although we’ve covered some of the benefits available to your family during this time, navigating them can be complicated. For example, bankruptcy and unemployment benefits are two financial mechanisms…
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What Does the Small Business Restructuring Act Mean for My Business? Is Chapter 11 Still the Right Choice? If your small business has faced serious challenges in 2020, you’re certainly not alone. Polling data collected by the United States Chamber of Commerce indicates that over 40% of the 30 million small businesses in the U.S….
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If your financial situation has changed so that your bills are far exceeding your personal income, you may be considering filing bankruptcy – especially if you’re receiving constant calls from collection agencies and creditors. Filing bankruptcy can stop aggressive creditors and relieve you of some of the stress and worry, but several considerations must first…
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