• 16 Apr 2021
  • 0 Comment

Filing for Bankruptcy During Divorce or While Legally Separated

Posted by srailawoffice In Bankruptcy April 16, 2021 0 Comment
Filing for Bankruptcy During Divorce or While Legally Separated

Going through divorce is difficult. Going through divorce and bankruptcy can be even more complicated and anxiety-driven. If you are legally separated or in the process of filing for divorce while going through bankruptcy, you have the option of separating your cases into two so that you and your spouse can do what you want …

Read More >>
  • 14 Apr 2021
  • 0 Comment

What Are My Options If Can’t Pay Back My PPP Loan?

Posted by srailawoffice In Bankruptcy April 14, 2021 0 Comment
What Are My Options If Can’t Pay Back My PPP Loan?

The coronavirus pandemic seriously impacted all aspects of our lives. The virus especially impacted the livelihood and survival of small businesses due to a combination of government shutdowns, consumer caution and depressed consumer spending. In an effort to provide a lifeline for many small businesses and owners, the Corona Virus, Aid, Relief and Economic Security …

Read More >>
  • 12 Mar 2021
  • 0 Comment

Bankruptcies Continue Still One Year Into the Pandemic

Posted by srailawoffice In Bankruptcy March 12, 2021 0 Comment
Bankruptcies Continue Still One Year Into the Pandemic

From iconic department stores and entertainment giants to small mom and pop stores and individuals, the Covid-19 pandemic has seemingly spared no one in its devastation of the U.S. economy. Falling consumer demand, reduced entertainment spending, and stay-at-home orders mandating certain businesses stay closed have taken a major toll on the retail industry that was …

Read More >>
  • 18 Jan 2021
  • 0 Comment

Will Filing for Bankruptcy Stop a Rental Eviction?

Posted by srailawoffice In Bankruptcy January 18, 2021 0 Comment
Will Filing for Bankruptcy Stop a Rental Eviction?

Filing for bankruptcy can get you immediate protection for many actions taken by creditors, including a landlord who you may owe rent to. This protection is called an “automatic stay.” Landlords, similar to most other creditors, are covered by this automatic stay because the law stops “any act to obtain possession of [your] property” or …

Read More >>
  • 15 Jan 2021
  • 0 Comment

Should I File Bankruptcy If I Owe Friends and Family?

Posted by srailawoffice In Bankruptcy January 15, 2021 0 Comment
Should I File Bankruptcy If I Owe Friends and Family?

Filing for bankruptcy is never an easy decision. Although many different factors can impact each consumer’s decision, one common consideration is what will happen to debt owed to friends and family members. Most people who are looking to file bankruptcy often first look for ways to protect personal relationships and pay off those close to …

Read More >>
  • 13 Jan 2021
  • 0 Comment

What Is the CBRA: Consumer Bankruptcy Reform Act?

Posted by srailawoffice In Bankruptcy January 13, 2021 0 Comment
What Is the CBRA: Consumer Bankruptcy Reform Act?

On December 9th Senator Elizabeth Warren and House Judiciary Committee Chairman Jerrold Nadler introduced the Consumer Bankruptcy Reform Act of 2020 (CBRA) in both the House and the Senate. The Act would represent the most significant overhaul of the consumer specific provisions in the Bankruptcy Code since the Bankruptcy Abuse Prevention and Consumer Protection Act …

Read More >>
  • 16 Oct 2017
  • 0 Comment

Dangers of Filing Chapter 7 Bankruptcy Without an Attorney

Posted by Gurjit Srai In Bankruptcy October 16, 2017 0 Comment
Dangers of Filing Chapter 7 Bankruptcy Without an Attorney

Bankruptcy is generally a last resort decision for most people. When you make the decision to file Chapter 7 bankruptcy, chances are money is tight. The last thing you may want to do is to spend money to hire an attorney to handle the bankruptcy filing. The law may not require you to hire an …

Read More >>
  • 08 May 2017
  • 0 Comment

What Happens to Cash In the Bank After Filing Chapter 7 Bankruptcy?

Posted by Gurjit Srai In Bankruptcy May 8, 2017 0 Comment
What Happens to Cash In the Bank After Filing Chapter 7 Bankruptcy?

Filing Chapter 7 bankruptcy impacts your property, including any cash you may have in the bank. You can keep any property that is exempt under bankruptcy laws. For example, there is an exemption for vehicles up to a certain value. There is a tools of trade exemption. There is even an exemption for your house. …

Read More >>