If you find that you are having trouble meeting your financial obligations, you are not alone. In this very difficult economic time, many consumers are having trouble staying on track with bill payments. WalletHub recently reported that the average U.S. household is carrying a credit card balance of $7,854. The problem with unpaid debt is […]
Chapter 13 bankruptcy is sometimes referred to as a debt reorganization or debt reallocation bankruptcy. It can be a financial life raft for those who have a steady stream of income but have fallen on hard times due to medical bills, divorce, credit card debt or other unforeseen circumstances. Chapter 13 bankruptcy involves the creation […]
Traffic citations are issued for a variety of reasons, from speeding to failing to drive with insurance, to running a stop light. Speeding tickets are the most common type of traffic fine and they are often given out where they are least expected. Unfortunately, it is easy to drive a little too quickly while rushing […]
For the 31.7 million small businesses in the United States, a sudden drop in revenue due to an external event can have a catastrophe impact on the financial stability and longevity of the business. Recent modifications to Subchapter V of the Chapter 11 Bankruptcy Code were enacted to help commercial businesses with fewer than 1,500 […]
Thousands of people are experiencing financial hardship right now. A sluggish economy, uncertainty in the markets and a rising cost of living can make it difficult to climb out from accumulated debt. If you have worked for many years and have saved up a sizable nest egg, it may be tempting to pull money from […]
The COVID-19 pandemic has resulted in unprecedented job loss and an uncertain economy. Although the vaccine is starting to make its way across the U.S., there is still widespread concern about when businesses will get back to “business as usual”. Many Americans continue to face extreme financial hardship due to job loss or reduced income, […]
Extraordinary job losses combined with COVID-19 medical debt is wreaking financial havoc on many families. A recent article in the Wall Street Journal discussed the ways in which the pandemic is affecting the debt-laden middle class in particular. Many middle class families are finding that their existing debt paired with job losses, an economic slowdown […]
In the current economic climate, many people are having difficulty meeting their financial obligations. As unpaid bills pile up, debt continues to accumulate and multiply. At some point, the most practical solution to a personal financial crisis may be to file for bankruptcy in order to start over with a clean financial slate. How Chapter […]
The COVID-19 pandemic has created significant hardship for many people. As of June 2020, approximately 17.8 million people in the U.S. were unemployed. Across all industries and all levels of work seniority, many people are having a hard time making ends meet. Most stimulus checks were spent long ago, and although families are gaining some […]
The COVID-19 pandemic has created a domino effect, with closed business and furloughed employees resulting in record numbers of unemployment applications. In the first month of the pandemic, more than 22 million employees had applied for unemployment benefits with more expected to follow. In the face of job loss, substantially reduced work hours or a […]
