New Year, Fresh Start: How Bankruptcy Resets Your Financial Life
When many people hear the word “bankruptcy,” they often cringe, imagining worst-case scenarios. Contrary to popular belief, bankruptcy can actually be a powerful tool for creating…
4 Missteps to Steer Clear of Before Filing for Bankruptcy
For those who feel overwhelmed by debt, filing for bankruptcy may be the step necessary to get back to solid ground. Chapter 7 bankruptcy offers…
Explaining 5 Crucial Chapter 7 Bankruptcy Exemptions
Chapter 7 bankruptcy allows individuals to discharge unsecured debts such as credit cards, medical debt, utility bills, etc. By liquidating non-exempt assets such as luxury…
FTX and Genesis Bankruptcy Repayment: Cash vs Crypto
The Wall Street Journal (Akiko Matsuda) published an article on 08.21.24 discussing how FTX and Genesis Global will repay customers after their bankruptcies titled “In…
A Cautionary Tale for Any Business Facing Financial Distress
The Wall Street Journal (Alexander Saeedy and Soma Biswas) published an article on 05.15.24 about a business in financial distress titled “KKR-Backed Envision Healthcare Files for Chapter…
The Pandemic’s Lasting Impact on Consumer Spending
The COVID-19 pandemic turned the world upside down, and while many of us have considered our lives to be back to normal, there have been…
Is Subchapter V Bankruptcy the Right Solution for Your Small Business?
The Wall Street Journal (Becky Yerak) published an article on 04.23.24 titled “Small-Business Bankruptcies Surge Ahead of Potential Law Change,” explaining that small business bankruptcy…
Red Lobster’s Bankruptcy Offers Insight for Business Owners
Red Lobster, the renowned restaurant chain known for its seafood and signature beloved cheddar biscuits, has recently filed for Chapter 11 bankruptcy. The bankruptcy is…
5 Common Causes of Business Bankruptcy
Business bankruptcy refers to a legal process undertaken by a business that cannot meet its financial obligations. Typically, it involves reorganizing debts or liquidating assets…
Is Bankruptcy for Tax Debt the Right Choice?
Sometimes, life hands us a load too heavy to carry alone, which becomes increasingly heavy when the IRS takes tax debt to collections. There’s no…