Blog
- Is Your Business Contract Enforceable in Court?
Mar 5, 2021
The Requirements of a Valid Business Agreement When you own or operate a business, you enter agreements every day, with customers, vendors, suppliers, and others. You need to know that the contracts that govern your business dealings are enforceable in a court of law. Here are the basic requirements of a valid and enforceable agreement: Agreement—This may seem obvious, but the law requires at least two parties, and mandates both a binding offer and acceptance...Read More - Paying the Costs of a Bankruptcy Filing
Feb 12, 2021
What Are the Out-of-Pocket Costs? How Do You Pay Them? When you lose your job or have substantial uninsured medical expenses, and bankruptcy seems like the only way to get a fresh start, the last thing you want to think about is another expense. But there are expenses involved in filing a bankruptcy petition. How much are they? What kind of arrangements can you make to pay them? The Cost of Filing for Bankruptcy To...Read More - Chapter 7 or Chapter 13?
Feb 5, 2021
How to Determine Which Type of Bankruptcy Petition to File If you’re like many Americans, struggling with the loss of employment as a result of the pandemic, you may be considering filing for bankruptcy. If you’ve never done so before, you may be uncertain what your options are, if you can choose between different types of filings, and how you qualify. Chapter 7 Filings A petition under Chapter 7, also known as a liquidation proceeding,...Read More - The Automatic Stay in Bankruptcy
Jan 28, 2021
What Is It? What Does It Protect You From? Can You Lose It? While a personal bankruptcy filing can allow you to permanently discharge certain debts (under Chapter 7) or restructure existing obligations to make them more affordable (under Chapter 13), one of the most attractive and powerful aspects of the law is the automatic stay that accompanies a bankruptcy filing. What Is the Automatic Stay? The automatic stay is a provision of the American...Read More - Myths Surrounding a Personal Bankruptcy Filing
Jan 8, 2021
Dispelling Common Misperceptions If you’ve been hit hard by the pandemic—you’ve lost your job or your family business has collapsed—you may be considering personal bankruptcy in order to get a fresh start. If you’ve never considered bankruptcy before, you may have a number of inaccurate assumptions about the potential consequences of filing. Here are some of the common misunderstandings about the impact of bankruptcy. Bankruptcy Won’t Make All Your Debts Go Away Though you can...Read More - Season’s Greetings and Happy New Year
Dec 25, 2020
...Read More - Filing for Bankruptcy Protection—How Long Should You Wait?
Dec 16, 2020
Is It Better to File Right Away or Try Other Options? If you’re struggling to make mortgage or rent payments because of the economic downturn caused by the coronavirus, you’re not alone. According to a recent report in The Washington Post, more than 12 million Americans are at least $5,000 behind in rent payments. You’re likely weary of the phone calls and letters from creditors, of trying to figure out how you’ll get caught up...Read More - Can Bankruptcy Improve Your Chances of Getting Credit?
Dec 7, 2020
How Filing for Bankruptcy Can Make You a Better Credit Risk If you’ve suffered significant financial setbacks during the pandemic, or as the result of uncovered medical expenses, you may be reluctant to seek bankruptcy protection out of concern that it will make you less attractive to potential creditors. That’s not necessarily the case—in fact, bankruptcy often is seen by creditors as a positive step, and it’s been shown to lead to an increase in...Read More - Protecting Home Equity in a Bankruptcy Proceeding
Dec 4, 2020
Make the Right Decision About Filing for Bankruptcy If you’ve been furloughed or laid off because of the coronavirus pandemic, or fear potential financial challenges as virus numbers resurge, you may worry about keeping a roof over your head. Can you use personal bankruptcy to keep your home? Can you file under Chapter 7 or Chapter 13? How does it work? Choosing the Appropriate Chapter It’s possible to file under either Chapter 7 or Chapter...Read More - Happy Thanksgiving
Nov 26, 2020
...Read More