bankruptcy blog

As a small business owner, managing finances can be a daunting task. While it’s vital to keep financial records in order, it’s also crucial to adopt a proactive approach to financial management. With the right financial tips, a small business can stay afloat and even thrive. Create a Budget Creating a budget is a critical  … Read more

Small business owners are the backbone of the American economy. Unfortunately, we have seen many small businesses fail especially during this pandemic era. Many small business owners are facing mounting debt, including unpaid rent, loan payments, and bills. For business owners who are struggling to survive, bankruptcy may be the answer. There are two types  … Read more

The burden of debt is an overwhelming feeling that can take a toll on the lives of individuals. The inability to pay off debts, whether through loans, credit cards, or medical bills, can lead to constant calls from creditors and legal action. Fortunately, there is a solution available in the form of bankruptcy. Bankruptcy is  … Read more

Dealing with debts can be overwhelming, and in some cases, it may seem impossible to get out of financial hardship. If you’re feeling hopeless and wondering if there’s a way out, bankruptcy might be the answer. Although filing for bankruptcy may sound scary, it can actually be a life-changing decision that can help you achieve  … Read more

Filing for bankruptcy can be an arduous and emotional process, and it can be even more challenging to navigate if you’re not well-versed in the legalities of it all. One of the most prevalent fears that accompany bankruptcy filings is the possibility of losing all of one’s assets. However, the truth is that there are  … Read more

Several families are experiencing unheard-of financial troubles as a result of the COVID-19 outbreak. In response, the government has offered a range of financial aid, such as COVID relief grants and Child Tax Credit payments. Even while these monies have brought about much-needed respite, many people are now unsure of how these payments will be  … Read more

Facing a tax debt can be an overwhelming experience. You may feel like the weight of the world is on your shoulders while trying to figure out how to pay off your debt. The good news is that you don’t have to go through this alone and there are various resources available to help you  … Read more

A fresh year offers the chance to make constructive adjustments and establish new objectives. For many people, this entails taking action to deal with their debt. There are a number of ways that can help you reach your financial objectives in 2021, regardless of whether you want to pay off debt from the previous year  … Read more

  Determine if You Qualify To file for Chapter 7 bankruptcy, you must first determine if you qualify. To do this, you must pass the means test. The means test looks at your income and compares it to the median income in your state. If your income is below the median income, you will qualify  … Read more

Financial hardship can strike anyone at any time. It’s true. Sometimes life hands us situations through no fault of our that can lead to debt problems and can even result in bankruptcy.   Job Loss One of the most common reasons for financial hardship is job loss. When a breadwinner loses their job, it can  … Read more