The Best Bankruptcy Advice: Get Legal Advice
Businesses considering bankruptcy get intense legal advice before filing. You would also be smart to get solid advice to make a good decision.
Paying Missed Mortgage Forbearance Payments
If you took advantage of the mortgage forbearance payment option under the CARES Act, when do you have to catch up on those missed payments?
Pandemic Mortgage Forbearance
Mortgage delinquencies skyrocketed in April. One big reason: the pandemic mortgage forbearance through the CARES Act.
Avoiding Paying Prior Employee Debt
If you prefer NOT to pay back present or prior employee debt, bankruptcy can help you use the law to prevent it from being a priority debt.
Paying Employee Debt in Chapter 13
If you prefer to pay back wages to a present or prior employee, you can do so in Chapter 13 especially well if that debt is a priority one.
Consumer Bankruptcies Sharply Decrease in April
After declining significantly since 2010, and then edging up in the first three months of this year, consumer bankruptcies sharply decline in April.
New Modified 7-Year Chapter 13 Plans
The coronavirus CARES Act temporarily allows ongoing Chapter 13 plans to be amended or "modified" to last a total of 7 years (instead of 5).
Your Bank and Relief Payment
If you owe money to the bank or credit union where your $1,200 relief payment is being deposited, can it take that money to pay itself first?
Paying Employee Debt in Bankruptcy
If you prefer to pay employee debt, back wages, to a present or prior employee, bankruptcy can help you do so if you use the law in that employee’s favor.
Protecting Your Pandemic Relief Payment
Your pandemic relief payment is subject to seizure by your creditors if they have a garnishment order on your bank account.
Student Loans in the CARES Act
Student loans in the CARES Act include changes for some borrowers—suspending payments, interest, collections, credit reporting.
Consumer Bankruptcy Changes in the CARES Act
The massive $2.2 trillion coronavirus relief law also includes some legal relief for both Chapter 7 and Chapter 13 consumer debtors.
Enhanced Unemployment Benefits Under the CARES Act
The greatly enhanced unemployment benefits mean much more money each week, for longer, for many more kinds of workers, and for many others.
$1,200 under the CARES Act
The huge emergency coronavirus law will provide, "as rapidly as possible," over 80 percent of American adults with money, many getting $1,200.
Independent Contractor Commissions
If you owe sales commissions to an independent contractor when you file bankruptcy, it may be a priority debt. Here's what determines this.
