Retail stores have been struggling since the advent of TV shopping networks and online shopping. Now, with most retail businesses closed down for weeks due to COVID-19, the situation may have become really dire. Many retail businesses may be considering bankruptcy. This post explores the bankruptcy process for retail stores, and complications that may arise […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-06-24 11:47:552020-06-24 11:49:14Bankruptcy in Retail Stores: How the Process Works
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This follows the Small Business Reorganization Act (SBRA) that took effect in February 2020. Both of these measures have an impact on those contemplating bankruptcy, or already in the bankruptcy process. Across the United States, people have […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-04-28 16:08:592020-04-28 16:08:59How Will the New Stimulus Bill Affect Bankruptcy?
In order to combat the COVID-19 pandemic, all but three states have ordered all non-essential businesses to close. Most of the country’s people are in lockdown in their homes, and millions have therefore lost their jobs. Since March 15, nearly 10 million people have filed first-time jobless claims. All of this means that for millions […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-04-28 16:05:472020-04-28 16:05:47How Can I Manage My Debt During the Coronavirus Crisis?
When you’re in desperate financial distress, bankruptcy can be a lifeline. When you declare personal bankruptcy using Chapter 7 under the Bankruptcy Code, you can eliminate all of your unsecured debt (credit card debt, medical debt, etc.). If it’s not possible for you to file under Chapter 7, you can file under Chapter 13. Your […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-04-17 11:39:162020-04-17 11:46:15Who Pays for Bankruptcies? How Bankruptcies Work
The costs for higher education have risen exponentially and many people find themselves mired in student loan debt. For people whose financial situation is precarious, having student loan payments of $393 a month (the average payment according to the Federal Reserve) makes meeting ends meet impossible. You may have heard of student loan forgiveness programs […]
The unrelenting pressure of overwhelming debt can cause all kinds of problems outside of the financial realm. It can affect your love relationship, your familial interactions, and your physical and mental health. You know you need debt relief, but worry that pursuing it may further deteriorate your credit score. In this blog post, we will […]
Bankruptcy in Retail Stores: How the Process Works
/in Bankruptcy, COVID-19 /by Mike BurrRetail stores have been struggling since the advent of TV shopping networks and online shopping. Now, with most retail businesses closed down for weeks due to COVID-19, the situation may have become really dire. Many retail businesses may be considering bankruptcy. This post explores the bankruptcy process for retail stores, and complications that may arise […]
How Will the New Stimulus Bill Affect Bankruptcy?
/in Advice, Bankruptcy, Chapter 13, Chapter 7, COVID-19 /by Mike BurrOn March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This follows the Small Business Reorganization Act (SBRA) that took effect in February 2020. Both of these measures have an impact on those contemplating bankruptcy, or already in the bankruptcy process. Across the United States, people have […]
How Can I Manage My Debt During the Coronavirus Crisis?
/in Advice, COVID-19, Economy /by Mike BurrIn order to combat the COVID-19 pandemic, all but three states have ordered all non-essential businesses to close. Most of the country’s people are in lockdown in their homes, and millions have therefore lost their jobs. Since March 15, nearly 10 million people have filed first-time jobless claims. All of this means that for millions […]
Who Pays for Bankruptcies? How Bankruptcies Work
/in Bankruptcy, Credit, Filing /by Mike BurrWhen you’re in desperate financial distress, bankruptcy can be a lifeline. When you declare personal bankruptcy using Chapter 7 under the Bankruptcy Code, you can eliminate all of your unsecured debt (credit card debt, medical debt, etc.). If it’s not possible for you to file under Chapter 7, you can file under Chapter 13. Your […]
Student Loan Forgiveness Programs: PSLF and Paying Down Debt
/in Bankruptcy, Students /by Mike BurrThe costs for higher education have risen exponentially and many people find themselves mired in student loan debt. For people whose financial situation is precarious, having student loan payments of $393 a month (the average payment according to the Federal Reserve) makes meeting ends meet impossible. You may have heard of student loan forgiveness programs […]
How Does Debt Relief Affect Your Credit?
/in Credit, Credit Rating, Debt Collection, Debt Consolidation /by Mike BurrThe unrelenting pressure of overwhelming debt can cause all kinds of problems outside of the financial realm. It can affect your love relationship, your familial interactions, and your physical and mental health. You know you need debt relief, but worry that pursuing it may further deteriorate your credit score. In this blog post, we will […]