It’s a debate that may not seem one-sided to someone swimming in $100K of student loans with no end in sight. Nevertheless, there are at least two sides to the argument. Is allowing former students the ability to discharge their debts by filing for bankruptcy the best way to handle the student loan debt issue? …
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Many a former students have wondered how to relieve their hankering debt worth tens or hundreds of thousands of dollars after receiving their education. Unlike other forms of debt, however, individuals have not been able to easily turn to bankruptcy for relief. Student loans are notoriously hard to have forgiven in bankruptcy court. Why can …
Filing for bankruptcy can be a stressful and confusing time. Sometimes, it’s the uncertainty of your future that creates the most anxiety. Knowing what to expect up front can truly help alleviate some of that mental burden. You may not have to turn over all of your assets to satisfy your debts. There are assets …
Continue reading “Surviving Bankruptcy: What Debts Get Erased Afterwards?”
When most people think of filing for bankruptcy, a bleak picture comes to mind: all possessions being removed, a home being lost, nothing left but the clothes on your back. Thankfully, this is far from the case. Bankruptcy is not meant to put you on the streets or make you start from scratch. In fact, …
Filing for bankruptcy doesn’t need to be an anxiety-ridden process. In fact, the process can go smoothly if you know what to expect and how to prepare. Consider this a general, beginner’s guide to the process of filing for bankruptcy in Nevada. Of course, nothing beats sitting down with a qualified and experienced bankruptcy attorney, …
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The COVID-19 crisis has sent unemployment filings into a tailspin. According to ABC News, nearly 10 million Americans filed for unemployment protections in March 2020. Businesses quickly shuttered their doors. Others sharply reduced hours for employees and limited what services they offered to the public. Filing Bankruptcy in the Coronavirus Era Experts say that bankruptcy filings are …
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The U.S. Small Business Administration (SBA) has announced a major policy shift to allow small businesses in bankruptcy proceedings to receive PPP loans. Previously, filing bankruptcy was one of the many conditions that disqualified a business from tapping the funds. But now, for Chapter 11, 12 and 13 filers, PPP funds may be available as …
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The COVID pandemic has forced a large number of restaurants into bankruptcy 1. Of course, the restaurant industry heavily relies on a system of franchising to conduct operations. Franchisors sell the rights to operate using their brand and trademarks. Franchisees are independent business owners who conduct their operations under the terms of the agreement. Because …
Continue reading “Impacts of Chapter 11 Bankruptcy on Franchise”
In 2020, Chuck E. Cheese ran out of tokens. The pizza and entertainment company filed for Chapter 11 bankruptcy protection as the COVID-19 pandemic brought its in-person, interactive business model to a halt. Following complex legal procedures and a large number of filings, the company emerged, having shed $705 million in debt and improving its …
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COVID-19 foreclosure avoidance programs have provided welcome relief for residents of Nevada during the pandemic. Avoiding foreclosure is on the minds of many. There are programs available to Nevadans that can help. The Home Means Nevada programs and the Hardest Hit Fund are two opportunities that may fit Nevada homeowners’ needs. Does Nevada Have a …
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