The current pandemic taking hold across the world is not something that has been experienced in generations. It has touched nearly every aspect of people’s lives, and the legal system is no exception. If you have recently filed or were planning on filing for bankruptcy, you must be wondering how that might be affected by

Student loans are one of the main sources of financial stress for young people today. They’re talked about all the time because they’re on people’s minds, and that’s probably how one of the biggest misconceptions about bankruptcy sprouted up. So many people believe that even filing for bankruptcy cannot do anything to help you with

  If you are filing for Chapter 13 bankruptcy and want to know what to expect, it’s helpful to learn about the concept of a cramdown. Learn more below…   What is a Cramdown in Chapter 13 Bankruptcy?   The objective of a cramdown is to reduce the principal balance of a secured debt to

One of the most important resources a business can have is a strong relationship with a business attorney. From the very start, businesses face many legal issues. Since there is money and livelihood at stake, it is important to have the guidance of someone who knows about the laws that regulate businesses. Read on to

A new law was recently passed by Congress and will change the way businesses are restructured during bankruptcy. In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act was passed, but in the years since then, lawmakers have determined that Chapter 11 bankruptcy cases were still running into issues and the law needed to be

Budgeting for your business is a lot like budgeting for your household. However, the stakes are very different. If your budget is off, you run the risk of operating in the red. Running your business at a loss will eventually lead to closing your doors. One of the first steps in creating a successful business

Mergers can be both exciting and very difficult. They often represent expansion and new people with ideas. However, getting the process wrong can lead to serious problems that can undermine your business as a whole. The merger process requires getting even the smallest details just right so the transition can be as smooth as possible.

Chapter 12 bankruptcy offers a unique way to handle debts for those who are considered “family farmers” or “family fishermen.” It allows those who farm or fish for the majority of their income to develop a payment plan to repay all or part of their debts. Essentially, it will enable you to develop a three

Being involved in a lawsuit as a small business can be frightening. It can put your entire business at risk if you are not properly protected. While you should certainly invest in insurance and other risk-minimizing measures, you can take steps to help your company avoid lawsuit long before they become a real threat. Use