Blog

The COVID-19 pandemic has cost the United States trillions of dollars, including the stimulus programs designed to keep the economy afloat. Unfortunately, the pandemic doesn't seem to be going anywhere anytime soon and will continue to wreak economic havoc on residents and businesses. The unemployment rate in the U.S. spiked to more than 14 percent...

If you’re struggling with debt – and many people are these days – talk to a bankruptcy attorney now. According to an article in the Tampa Bay Times, those who do much better in the bankruptcy process are the people who get advice from an attorney early. You are not obligated to file if you...

To file for bankruptcy or not: That is the question on many people’s minds. The pandemic has had a significant economic impact on countless Americans, and its effects will likely be felt for years.  Bankruptcy is an option, but it carries pros and cons. Depending on your circumstances, it could be a smart move to help you get...

The COVID-19 pandemic has led to high unemployment and forced many businesses to close. But the crisis has had a surprising impact on bankruptcies: The number of people filing dropped at the beginning of the crisis. When it comes to consumer bankruptcy filings, we may be experiencing a calm before the storm. There are a...

In financially trying times, particularly those worsened by the coronavirus pandemic, you may be considering bankruptcy. But what kind of bankruptcy is best for your unique situation? Many experts recommend taking a serious look at Chapter 7. Here is why. Advantages of Chapter 7 In general, bankruptcy provides protection from debt collectors, wipes out most...

The coronavirus crisis has harmed countless businesses, leaving many owners considering whether to file for bankruptcy. According to CNBC, bankruptcy attorneys are bracing for a wave of filings. Some business owners are waiting to see if they can survive through the restrictions related to COVID-19, the illness caused by the coronavirus. Many experts believe bankruptcy...

The Coronavirus (COVID-19) pandemic has wreaked havoc financially on many people throughout the United States. Since the Coronavirus pandemic started sweeping the country in early March, more than 22 million people nationwide have lost their jobs, pushing the unemployment rate to 16.1 percent, according to The Wall Street Journal. As a result, large numbers of...

South Carolina ‘No Money Down’ Chapter 7 Bankruptcy Lawyers Explain What to Expect Many law firms around the country expect a sharp rise in the number of bankruptcy filings due to the ongoing Coronavirus pandemic, according to a recent article by Law.com and The American Lawyer. As a result, many law firms have been making...

Hounded by debt collectors. Using loans to pay loans. Those are among the signs that filing for bankruptcy might be the answer to your money problems. Filing for bankruptcy is a United States government-protected path for individuals and businesses who owe more money than the net worth of their assets. Bankruptcy is a legal process...

We previously discussed efforts by U.S. lawmakers to push legislation to allow student loan debt to be discharged in bankruptcy. The Student Borrower Bankruptcy Relief Act of 2019 was introduced by Senator Dick Durbin (D-Illinois) and gained the support of Democratic presidential contender Elizabeth Warren. Recently, Warren proposed a more universal overhaul to U.S. personal bankruptcy...