For many businesses bankruptcy is a chance to financially straighten things out. What bothers us is how many of our clients look at bankruptcy with a feeling of guilt.
Most of the folks that we’ve helped have found themselves in troublesome debt through no fault of their own. A nationwide pandemic that caused you to lose your job is no different, and not something that you can control.
We ran across an article in the New York Times that suggested we may be in store for a raft of business bankruptcies, even as more businesses move to reopen. For people like our clients, there are a host of ways these coming bankruptcies could have an impact.
If it seems as if there is no path for you to recover your losses from the coronavirus, bankruptcy may relieve that pressure. You’ve made the painful decision to shutter your small business, and think, “I’ll declare the business bankrupt, and then I’ll be fine.”
Whether in a time of national crisis, or in the middle of your own financial struggles, understanding and solving debt issues often comes down to one thing: Calling someone and asking for help.
You’re likely at home, like us, and finding the latest news. You’re also likely learning what sorts of financial relief are available.
If you’re like us, you’re stuck at home. It’s April, and we’re feeling the pinch imposed by coronavirus. If you’re like the folks we know around town, you may also have just found yourself suddenly unemployed.
We wrote a few weeks back about the impact of student debt on consumers. Most borrowers were 18-39, the fastest growing segment of people struggling with student debt were those over 60.
We help people deal with bankruptcy every day, and each person’s story is different. A common theme, though, is folks who have found themselves in financial peril because of medical debt.
The average ’18 graduate took with their diploma around $29,200 in debt. That number keeps rising. How can you get yourself out from under this burden?
When do you plan to retire? What do you plan to do when you retire? How will you pay for it? That last question has been vexing people for a long time.
Thomas Jefferson’s Monticello is one of our favorite places. But Jefferson created a great deal of debt to build it.
If you need financial advice, please take advantage of a free consultation with one of our attorneys.