The most common misconception of an individual who files for bankruptcy is that they were reckless or irresponsible in the management of their credit. While there are many debtors who visit bankruptcy court because of overextension and...
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In March of 2020, the World Health Organization declared that Covid – 19 had officially become an international pandemic. Life as we knew it, both personally and economically, changed. While the extent of the financial effects varied, almost all...
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As President Biden begun his presidency, one of the primary issues that he promised to address is the staggering amount of student loan debt, and what relief can be provided to the borrowers. Student loan debt is at an all-time high compared to...
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As the anniversary of the Covid pandemic’s arrival in the United States approaches, our firm and its staff met to discuss the effects that it has had on our practice. Specifically, we discussed how office business was conducted, and the changes...
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When a bankruptcy petition is filed, the debtor is required to identify and disclose all of their assets. This includes physical assets such as real estate, automobiles, and personal property. However, it also includes many intangible assets such...
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As the economic effects of the Covid-19 pandemic continue to ripple across our economy, more and more consumers will face the prospect of a bankruptcy filing. While the long-awaited vaccine gives hope for many consumers, it also means that many...
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Covid-19 and its effects on our national, regional and local economies are both well – documented and ongoing. Businesses both large and small have suffered financial distress due to limitations on how their operations were conducted, and...
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A previous article on our website addressed the expected September surge in bankruptcy filings as the various financial protections that were extended to consumers during the Covid – 19 pandemic began to expire. However, that has not yet...
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On August 23, 2019, president Trump signed the “Honoring American Veterans in Extreme Need” act of 2019. The passage of this act fixed a loophole in the 2005 Bankruptcy Code which shielded Social Security income and other income received under...
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Our firm has been meeting with more and more elderly or retired individuals who are experiencing financial difficulty due to the actions of family, friends, or hired caregivers. Many individuals who are retired, disabled, or on a source of fixed...
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While the economy appears to be in good shape, our firm has noticed some disturbing financial trends that are similar in nature to those trends that led to the last recession. While mortgage lending is much more conservative than it was in the...
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As 2018 draws to a close, and 2019 begins in the midst of economic and political turmoil, now is a good time to address our financial environment, and disclose recent developments/trends which are now manifesting themselves in Bankruptcy Court...
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