Debt Relief Options for Small Business Owners During COVID-19 Pandemic

Admin on December 15, 2020 Posted in Blog, COVID19

The new Subchapter V of Chapter 11 of legislation known as the Small Business Reorganization Act of 2019 became effective on February 19, 2020. Shortly after the act was passed, the COVID-19 pandemic began to impact the country. In recognition of the pandemic, the Coronavirus Aid Relief and Economic Security (CARES) Act was passed on […]

Nine Signs That it is Time to File for Bankruptcy

Admin on July 15, 2020 Posted in Blog, General Bankruptcy

Facing a large amount of debt often feels overwhelming. Beside uncertainty about how you will make your monthly payments, it is also common to feel uncertain about what your future holds. While many people think that bankruptcy can help, they are afraid of undergoing the process when they are not sure if it is the […]

Unique Issues with Disability and Bankruptcy

Admin on May 8, 2019 Posted in Bankruptcy Law, Blog

The Social Security Administration reports that there are approximately nine million individuals who receive social security disability benefits. Due to the amount of these benefits, however, it can prove challenging to pay for monthly living costs. As a result, many people supplement their disability income with credit cards, which can eventually lead to significant debt. […]

Diversifying Your Portfolio

Admin on April 26, 2018 Posted in Blog

Speak to any money manager, stockbroker, or similar professional, and they will stress the need to diversify your portfolio. The logic is simple: Do not put all your proverbial eggs into one basket. Many people, including those with significant wealth, invested heavily in “surefire” investments only to suffer serious losses when the investment did not […]

Bankruptcy and Your Credit Score

Admin on April 11, 2018 Posted in Bankruptcy Law, Blog, General Bankruptcy

Social research seems to point to a trend wherein people are reticent to file for bankruptcy or utilize social welfare programs. At the same time, with the emergence of the importance of maintaining a good credit score, this trend continues. The trend over the last several years has been moving away from social welfare programs […]

Criminal Restitution

Admin on November 10, 2017 Posted in Blog

Imagine that two people decide to join forces in a business venture. Person A, who owns a small construction firm, will join Person B, who is a wealthy investor, in trying to obtain exclusive construction contracts with various municipalities around Northern California. Both sides view this business venture as mutually beneficial. Person A will be […]

Items of Personalty

Admin on August 31, 2017 Posted in Blog, Chapter 7 Bankruptcy

People fall deep into debt for many reasons. It could be due to a loss of income, miscalculating future income, improper spending habits, or major life event. To provide a fresh start, the founding fathers created the bankruptcy clause in the Constitution. The bankruptcy concept was further developed over the years to include various chapters […]

Exceptions to Discharge

Admin on July 17, 2017 Posted in Blog, Types of Debt in Bankruptcy

Imagine that Mike is driving his car on the highway. Mike is in a rush because he is late to his son’s graduation. In his haste, Mike accidentally cuts off Steve while Steve is trying to change lanes. This causes Steve’s car, which is a brand new Ferrari, to go out of control and slam […]

Loan Agreements

Admin on January 29, 2017 Posted in Bankruptcy Law, Blog

The old adage is that it takes money to make money. When an individual borrows money for a business venture, that individual will be responsible for paying back the loan. The same is applicable for an individual who borrows money for home improvement, a vacation or any other reason. Like other creditor-debtor relationships, borrowing money […]