Mar 31, 2021 | Bankruptcy
The COVID-19 Bankruptcy Relief Extension Act of 2021 was signed this week. This law extends the $7,500,000 debt cap for businesses under the Small Business Reorganization Act of 2019 (SBRA). The extension will last for one additional year, to March 27, 2022. The Act...
Dec 11, 2020 | Uncategorized
We were opposed to government bailouts during the great recession. Bankruptcy works, and we believe the system would have taken care of itself. Our beliefs are bolstered by recent bankruptcy news, in which three well-known debtors have emerged from bankruptcy to...
Oct 5, 2020 | Bankruptcy, Uncategorized
They are unintentional mishaps, usually occurring because of negligence. Negligence claims, such as personal injury suits, can be won if the injured party can prove that the driver who cause the accident, called the tortfeasor, had a duty and breached that duty, which...
Sep 30, 2020 | Bankruptcy, Uncategorized
Photo by Marina Utrabo from Pexels “I thought you had to wait six years between Chapter 7 filings.” “What’s credit counseling? I didn’t have to take that the last time I filed.” “What is the means test?” In the last 15 years, we’ve heard these questions and more, and...
Sep 29, 2020 | Bankruptcy, Uncategorized
Photo by Vera Arsic from Pexels An attorney friend called me to ask about a single spouse bankruptcy filing. A single spouse filing is a case in which only one spouse files while the other does not. The couple owned a home and had significant equity in that...
