Bankruptcy - Siddons Law Firm

What To Know If Coronavirus Has You Considering Bankruptcy

7 points About Bankruptcy During The Coronavirus Pandemic

With the coronavirus pandemic taking place at the moment, a lot of people feel lost on what they should be doing currently. This is because they don’t know when they will be back to work, they don’t know when things will open back up, where they will be getting their next money from, and so much more. With all of these worries being real problems Americans are dealing with daily, a lot of people may need to consider bankruptcy as their only option.

Debt Consolidation in Media, PA During Coronavirus Pandemic

Bankruptcy, Debt / By Michael Siddons

The American economy has taken a striking blow due to the COVID-19 pandemic. The shutdown of business across numerous industries has been felt across the spectrum. Unemployment rates are reaching astronomical highs with over 30 million Americans having to register for unemployment compensation within the past few weeks alone. With financial devastation at such alarming …

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small business reorganization act of 2019 coronavirus COVID-19

Small Business Reorganization Act of 2019 (SBRA) seeks to make bankruptcy more affordable for small business

Bankruptcy / By Michael Siddons

The Small Business Reorganization Act of 2019 (the “SBRA”), enacts a new Subchapter V (Sub V) of Chapter 11 of the Bankruptcy Code. The SBRA seeks to address problems encountered by small business debtors in reorganizing under the provisions of the United States Bankruptcy Code. The existence of two sets of provisions in Chapter 11 …

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Coronavirus Related Bankruptcies Expected To Spike to Record Numbers

Bankruptcy, News / By Michael Siddons

Experts are predicting that the flood of bankruptcies that will result from the current economic crisis will be as bad as what we saw during the Great Recession, if not worse.

CARES act stimulus bill and bankruptcy in Pennsylvania

How the CARES Act Impacts Bankruptcy Filers

News, Bankruptcy / By Michael Siddons

Due to the COVID-19 pandemic, the federal government passed the “Coronavirus Aid, Relief and Economic Security Act” (aka the “CARES Act”) into law with provisions to provide financially distressed consumers and small businesses greater access to bankruptcy relief. Key provisions within the CARES Act • Amending the definition of “income” in the Bankruptcy Code for …

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Why I Provide $0 Down Bankruptcy And Almost No One Else Does

Bankruptcy / By Michael Siddons

Short Answer: It’s Because I Care About My Clients Here at Siddons Law, I deal with many clients who say that they don’t have the money to file for bankruptcy. This is a sad state of affairs because, for many of my clients, bankruptcy is the only option they have for turning their financial situation …

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zero down bankruptcy attorney in media pa Michael Alan Siddons

Why Bankruptcy Isn’t As Scary As You Think

Bankruptcy, Zero Down Chapter 7 Bankruptcy / By Michael Siddons

Bankruptcy Is Not Nearly As Scary As Most People Think For most people, “bankruptcy” is a scary word: it conjures fears of ruined credit, loss of employment, and a bleak financial future. We at Siddons Law want to put those fears to rest. While bankruptcy does have consequences, those consequences are not nearly as bad …

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Are Taxes Dischargeable In Pennsylvania Bankruptcy?

Bankruptcy, Tax Appeal / By Michael Siddons

Many Pennsylvania residents are unaware filing for Chapter 7 bankruptcy affords them the opportunity to discharge income tax debt, in addition to other common forms of debt. In order to discharge income debt, filers must meet certain criteria before qualifying under Chapter 7 bankruptcy.

What Is Lien Stripping?

Bankruptcy / By Michael Siddons

You may be eligible for lien stripping if the value of your property is worth less than your mortgage.

3 Things You Should NOT Do Before Filing For Bankruptcy

Bankruptcy / By Michael Siddons

Bankruptcy involves many different rules, procedures, and requirements throughout the process. You must be careful to meet all of the requirements and follow the rules in order to ensure you are granted a discharge by the bankruptcy court at the end of your case. Having the guidance of a skilled bankruptcy attorney is critical to …

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