Safeguards Against Business Bankruptcies in a Post-COVID World

The COVID pandemic has changed the ways that people do business. Business owners today need new strategies to survive and thrive in a post-COVID world. Part of thriving is having a concrete plan to avoid bankruptcy. Our Las Vegas bankruptcy lawyers have 16 tips for safeguarding your business from bankruptcies in a post-COVID world. 1. …

National Rifle Associate (NRA) Declares Bankruptcy and Plans to Incorporate in Texas

Texas flag (U.S. state) Gun Control USA. United States Gun Laws.With more than 5 million members, the National Rifle Association (NRA) commands a presence wherever it goes. Founded in 1871 in New York, the organization seeks to improve marksmanship skills and defend gun ownership rights. However, the NRA may soon be carrying out its mission …

Boring Company Poised To Expand on Bankrupted Las Vegas Monorail

The Las Vegas Monorail closed its doors for months when the COVID-19 pandemic hit, but it’s finally getting a fresh start. The Las Vegas Convention and Visitors Authority (LVCVA) purchased the Monorail in December 2020. Now, there are big plans to expand services with the help of the Boring Company and its founder, Elon Musk. …

How to File For Bankruptcy Without An Attorney

Most people use an attorney to file for bankruptcy. However, if you’re determined to go it alone, you need to make sure that you get it right. Here’s how to file for bankruptcy without an attorney. 1. Determine What Chapter to File To file for bankruptcy without an attorney, you must start by determining what …

Bankruptcy For Independent Business Owners

No one hopes for a bankruptcy. The word alone often ignites feelings of anxiety and dread. However, bankruptcies are nothing to feared or be ashamed of, as they can often alleviate an extraordinary amount of stress and debt and give you hope again. Further, the stereotype of an individual “losing everything” during a bankruptcy is …

Will My COVID Stimulus Check Affect My Bankruptcy Filing?

Let’s clear up a bit of information about the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how that might affect your bankruptcy filing. If you, as an eligible individual, filed a single 2018 tax return, you may receive up to $1,200 or $2,400 if you filed jointly. The exact amount you receive …

Major Airlines Seek Government Assistance to Avoid Bankruptcy

Not only is the current COVID-19 virus affecting the lives of the tens of thousands of global citizens that it infects and sickens, but the subsequent economic downturn is gravely affecting countless individuals who would have otherwise been “unaffected” by this disease. The market is plummeting, many non-essential businesses are ordered to close down, schools …

Boy Scouts of America Files for Bankruptcy Amid a Flurry of Sexual Abuse Lawsuits

Over 3,000 men have come forward to sue the Boy Scouts of America, claiming they were molested when they were minors, under the care of the Boy Scouts. Many more are expected to come forward, now that the Boy Scouts of America non-profit has officially filed for bankruptcy. Our Las Vegas bankruptcy lawyers note that …

McClatchy: America’s Second-Largest Local News Company – Files for Bankruptcy

McClatchy Co. is hoping that the recent Chapter 11 bankruptcy filing will allow the company to restructure its debts (forgiving approximately 60% of all debt) and release much of its current pension obligations. If the court accepts the offer, the new owners would be those heading the hedge fund: Chatham Asset Management LLC. They would …

Another U.S. Dairy Companies Files for Bankruptcy

It seems like only yesterday, the milk industry was thriving. With clever “Got Milk” campaigns supported by celebrities, catchy phrases such as “Milk, It Does a Body Good,” and mom’s own nurturing beliefs that milk was necessary to build strong bones and teeth — children in the U.S. included milk, and milk products, into their …