Bankruptcy Law

5 Businesses Who Have Filed For Bankruptcy Since the Start of The Pandemic

Thursday, June 30th, 2022

Ever since the start of the pandemic, there have been an increasing number of businesses filing for Chapter 11 bankruptcy. However, many have been able to dig themselves out of bankruptcy to begin a new start. Below are 5 companies who have filed for bankruptcy since the pandemic began. J. Crew By the time summer...  read more

10 Sports Cars that Bankrupted The Manufacturer

Tuesday, May 24th, 2022

It goes without saying that cash flow plays a huge role for an automaker. This is because the amount of money needs to be a substantial amount to get a car manufactured. Because of that, it is crucial to have a vehicle that will produce sales so that a profit can be obtained. However, sometimes...  read more

How Are Landlords Affected By Bankruptcy

Friday, April 29th, 2022

When you file for bankruptcy while renting a home or apartment, it is an excellent way to stay in control of any debt you have. The reason is that the property you are renting is not your asset. This means the property itself is not at risk, and it is not a liability in the...  read more

Can You File For Bankruptcy From Out Of the Country

Tuesday, February 22nd, 2022

Filing for bankruptcy may be caused by many different reasons regardless of you living within the United States or out of the country. However, you may see a more complicated process when it comes to living abroad. Several rules have been established regarding chapter 7 and 13 bankruptcy for those who reside outside of the...  read more

Can Bankruptcy Filings Remain Private

Wednesday, December 15th, 2021

When you decide that bankruptcy is the only option to get out of debt, it can provide you with a great sense of financial freedom. When you feel overwhelmed by the sheer amount of debt, bankruptcy may be the answer you are looking for. Today, bankruptcy is not seen as a bad thing as it...  read more

List Of Debts Not Cleared By Bankruptcy

Tuesday, November 30th, 2021

Bankruptcy might not be your preferred solution, but it can be the saving grace you need to have a fresh start. Here's why? Bankruptcy offers you the ability to discharge your debt. This means that your debtor will no longer be able to take action against you if you file for bankruptcy. Think about it,...  read more

Salient features of Chapter 7 Bankruptcy

Wednesday, October 27th, 2021

What is chapter 7 bankruptcy? Chapter 7 is the bankruptcy which is different from 11 and 13, and people prefer filing it because it is much quicker, and no filer is required to pay any of their debt back. So who can file, then? What forms will you need? And what is the overall process...  read more

Will My Business Bankruptcy Affect My Personal Finances?

Sunday, August 15th, 2021

Business bankruptcy, just like personal bankruptcy, is a tool that can help you get a handle on your business expenses and debt. It can save your business if you use it correctly. However, many business owners are hesitant to do so because they are concerned that it will affect their personal finances. Does it? That...  read more

Has the COVID-19 Pandemic Changed Bankruptcy?

Thursday, July 15th, 2021

The COVID-19 global pandemic has affected many areas of life, including bankruptcies. If you’re considering bankruptcy, understanding how the pandemic has affected the process may help you determine if it’s the right move for you. Because most of these changes are temporary, you may decide you need to file now in order to take advantage...  read more

Can You File Bankruptcy While Unemployed?

Thursday, June 24th, 2021

One of the most common questions people ask is if they can file for bankruptcy if they have lost their jobs. Without a steady income, it’s easy to quickly fall behind on financial obligations and find bankruptcy as your only choice. Fortunately, yes, many people do declare bankruptcy while they are unemployed. There are a...  read more