Category Archives: Bankruptcy
Choosing a Bankruptcy Attorney
You may feel that you need the financial relief from creditors and debt collectors and are now considering filing for either Chapter 7 or Chapter 13 bankruptcy. While this is an important and difficult decision to make, you still have another decision to make as well that will likely impact the results of your… Read More »
Paying Employee Debt With a Chapter 11 Bankruptcy
Many employers now are feeling the stress and financial strain of the economy and the economic impact of COVID-19. As a result, many employers are making the decision to file for bankruptcy. As a result, when an employer makes the decision to file for Chapter 11 bankruptcy they may have several questions regarding payment… Read More »
Bankruptcy and COVID-19
The COVID-19 pandemic has caused an economic disruption unlike any other in modern times. Many businesses found themselves needing to shutter their doors under the direction of the state or federal government, leaving both employers and employees without a source of income. In many cases, these employers furloughed or laid off their employees, and… Read More »
What Information Do You Need To File Bankruptcy
Bankruptcy involves a great deal of paperwork in order to provide documentation regarding all of your finances to the court. You may feel flustered as you begin to consider the process of filing for bankruptcy. While you will have to disclose all of your assets, debts, and income to the federal bankruptcy court, you… Read More »
Life After Bankruptcy
If you are struggling with deciding whether or not to declare bankruptcy, one of your largest obstacles may be what your life will look like following your bankruptcy. Will you ever be able to get a credit card again? Will you qualify for a home loan? Will you be able to make any large… Read More »
Businesses have Powerful New Weapons in Solving Financial Problems
Julianne Frank, Esq All rights reserved 2020 In my prior post we discussed how CARES may or may not get you your special subsidy check from the government. Today, we turn our attention to the future of bankruptcy given the monumental impact Coronavirus is having, and will continue to have, on our economy. If… Read More »
World Record Bankruptcies Ahead? Maybe Not
Julianne Frank All rights reserved 2020 A professor an NYU who developed a renowned model for predicting business failures has issued a report that says that while annual bankruptcies may increase over the next 12 months, they are not likely to match the 1.5 Million cases that were filed after the Great Recession. Economists… Read More »
Will Bankruptcy Help with My Divorce?
If you find yourself in both financial distress and marital distress, you may be considering filing for both bankruptcy and divorce. While you can legally file for both at the same time, it can cause unnecessary complications and delays in both proceedings. Understanding how filing for either bankruptcy first, or divorce first can affect… Read More »
What happens if I Ignore My Creditors ?
If you facing massive debts that you can not pay, you may be tempted to simply ignore your creditors. The Fair Debt Collection Practices Act (FDCPA) allows debt collection companies to attempt to collect a debt for another business. These collection companies can be quite aggressive in their attempts to contact debtors. There are… Read More »
MANAGING YOUR DEBT IN A COVID 19 WORLD: DO I GET A PIECE OF THE STIMULUS?
Part 1 Julianne Frank,Esq. All rights reserved 2020 On March 27, Congress passed the big relief legislation with it’s $2, 000,000,000,000 (yep, 12 zeros) price tag. It is called the CARES ACT (Coronvirus Aid, Relief and Economic Security Act) Are you sure you are getting a piece of that? Let’s say you make less… Read More »