Bankruptcy Blog

Bankruptcy Blog
206, 2020

What is the Bankruptcy Automatic Stay?

June 2nd, 2020|

What is the Bankruptcy Automatic Stay? The automatic stay is one of the biggest benefit of filing for bankruptcy. The automatic stay immediately stops most civil lawsuits filed against you, such as creditors garnishing your wages, creditors seizing your bank account, if you are [...]

2405, 2020

Can Debt Collectors Take my Stimulus Check

May 24th, 2020|

Can Debt Collectors Take my Stimulus Check? If you want to know if debt collectors can take your stimulus check, you're not alone. One in three adults or approximately 71 million Americans may not get their COVID-19 stimulus checks due to debt collections. If you owe [...]

1905, 2020

Are Unemployment Compensation Payments Exempt

May 19th, 2020|

Are Unemployment Compensation Payments Exempt? As of April 16, 2020, more than 22,000,000 people in the United States have filed for unemployment assistance, “a staggering loss of jobs that has wiped out a decade of employment gains and pushed families to line up at [...]

1005, 2020

Small Business Reorganization Act of 2019 (SBRA)

May 10th, 2020|

Small Business Reorganization Act of 2019 (SBRA) The Small Business Reorganization Act of 2019 (SBRA) was signed into law on August 23, 2019. Although the name of the act references business, this new type of Bankruptcy reorganization can also be used by a regular individual person. [...]

3004, 2020

Chapter 13 Bankruptcy Hardship Discharge

April 30th, 2020|

When you file for Chapter 13 bankruptcy you will create a Chapter 13 plan, which will require you to make monthly payments to a Chapter 13 Trustee. You are responsible for making these plan payments from three to five years and at the end of that time, [...]

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