Pennsylvania Courts Are Not Prepared For The Wave Of Bankruptcies That Will Result From The Coronavirus It is no secret that the coronavirus outbreak has crippled Pennsylvania’s economy. Unemployment in the state is sky-high and businesses that were doing well before the outbreak have suddenly found themselves in the red. One of the many consequences …
Pennsylvania Courts Ill-Prepared For Wave Of Bankruptcies Read More »
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.
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 …
Debt Consolidation in Media, PA During Coronavirus Pandemic Read More »
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 …
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.
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 …
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 …
Why I Provide $0 Down Bankruptcy And Almost No One Else Does Read More »
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 …
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.
You may be eligible for lien stripping if the value of your property is worth less than your mortgage.