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Bankruptcy

What To Know If Coronavirus Has You Considering Bankruptcy

7 points About Bankruptcy During The Coronavirus Pandemic

Bankruptcy / By

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

Debt Consolidation in Media, PA During Coronavirus Pandemic

Bankruptcy, Debt / By

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

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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CARES act stimulus bill and bankruptcy in Pennsylvania

How the CARES Act Impacts Bankruptcy Filers

News, Bankruptcy / By

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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