Bankruptcy

There is no doubt that the COVID-19 pandemic has significantly impacted all of us – especially those who were forced to close their small businesses since early March pursuant to government orders to help stop or reduce the spread of the coronavirus.  Due to these current events, your small business may be facing bleak prospects …

Continue reading “Filing Bankruptcy to Save Your Struggling Business Impacted by the COVID-19 Pandemic”

In response to the novel coronavirus, also known as COVID-19, President Trump signed into the law the Coronavirus Aid, Relief and Economic Security Act (the “CARES ACT”) to provide a $2 trillion economic stimulus package to support businesses and individuals impacted by the virus. The CARES Act includes revisions to certain portions of the U.S. …

Continue reading “COVID-19 Has Changed Everything, Including the U.S. Bankruptcy Code”

The novel coronavirus, also known as COVID-19, pandemic has had significant impact on all of us – especially those who have been laid off due to the business closures. The virus is creating substantial financial uncertainty. Businesses and individuals are being faced with unique challenges during these difficult times. Although there may be much uncertainty …

Continue reading “Understanding Your Financial and Legal Options Amidst the COVID-19 Pandemic”

If you and your Central Valley bankruptcy attorney have decided the best option for you after getting laid off in the midst of the COVID-19 pandemic is to file Chapter 7 bankruptcy, you need to figure out if you qualify. The first step in determining if this chapter is available is to take the means …

Continue reading “Qualifying for Chapter 7 Bankruptcy In the Midst of the Coronavirus (COVID-19) Pandemic”

No one wants to file bankruptcy. But if you find yourself amongst the millions of people impacted by the outbreak of the novel coronavirus, bankruptcy might just make sense – especially if you were laid off and struggling with debt. Below is some helpful information about how a “last resort” bankruptcy can help give you …

Continue reading “Using Bankruptcy to Help After Getting Laid Off Due to the Coronavirus (COVID-19) Outbreak”

As the coronavirus (COVID-19) pandemic continues to challenge individuals and businesses nationwide, many people are turning to Chapter 7 of the Bankruptcy Code for relief. A Chapter 7 Bankruptcy may be available to consumers, pursuant to which all unsecured debt can be eliminated. However, the individual filing for bankruptcy must first meet certain “means test” …

Continue reading “Important Steps to Take If Filing Chapter 7 Bankruptcy During COVID-19”

The President signed into law the historic Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”) on March 27, 2020. This $2.2 trillion stimulus package is designed to mitigate the widespread economic impact of the novel coronavirus. The Act includes certain provisions that temporarily modifies chapter 7 section of the U.S. Bankruptcy Code. …

Continue reading “COVID-19: The Impact of the CARES Act on Chapter 7 Bankruptcy”

Getting higher education is a privilege that is supposed to bring financial stability and even prosperity. Unfortunately, while this is a goal for most college and graduate students, that is not always the outcome. Students all over the country are having trouble bearing the weight of their student loans. California is amongst the top states …

Continue reading “Filing Bankruptcy to Discharge Student Loan”