Car insurance is necessary for anyone who owns, leases, or drives a vehicle in Pennsylvania. Most people understand the importance of having auto insurance, but what does minimum liability insurance cover? Does it cover property damage, and to what extent does it cover serious injuries such as internal injuries or traumatic brain injuries? Pennsylvania is…
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…
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…
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While those of us in Tastycake country may not have felt the same impact as the rest of the world when Hostess Brands company declared bankruptcy in 2012, there is good news coming for everyone who likes to snack on a Twinkie from time to time. The company has pulled itself out of financial ruin…
When you think of businesses filing for bankruptcy, you may likely think of small, family-owned boutiques and small businesses that could not compete with big name retailers. However, large corporations are certainly not immune from financial troubles, especially in this changing economic climate, and many large companies in and around New Jersey have filed for…
