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26
Nov
2023
Impact of Inheritance on Bankruptcy Proceedings

Impact of Inheritance on Bankruptcy Proceedings

When it comes to bankruptcy, the arrival of inherited assets can be a game-changer. This windfall might initially seem like a lifeline for those facing financial turmoil. However, it’s imperativ..

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18
Nov
2023
Bankruptcy and Military Members: What to Know

Bankruptcy and Military Members: What to Know

Presently, a significant portion of the population faces financial hardships monthly as the lingering impact of the economic downturn gradually recedes from sight. A few individuals in the United Stat..

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10
Nov
2023
Credit Report: Analyzing Post-Bankruptcy Changes

Credit Report: Analyzing Post-Bankruptcy Changes

Bankruptcy significantly affects a person’s credit score, often resulting in a noticeable drop. This decrease is because bankruptcy filings remain on credit reports for a considerable period. Fo..

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03
Nov
2023
Coping with Medical Debt: Bankruptcy and Other Alternatives

Coping with Medical Debt: Bankruptcy and Other Alternatives

A 2022 survey by the Kaiser Family Foundation has revealed between 2017 and 2022, over 50% of adults in the United States have been in debt due to medical or dental bills. Seventeen percent of adults ..

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30
Oct
2023
Rebuilding Financial Health Post-Bankruptcy: A Step-by-Step Guide

Rebuilding Financial Health Post-Bankruptcy: A Step-by-Step Guide

Inflation has affected the household budget of millions of Americans. According to the US Bureau of Labor Statistics, since April 2021, the price of groceries and rent have increased by 20%, and elect..

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23
Oct
2023
Navigating Bankruptcy as a Small Business Owner: Chapter 11 vs. Chapter 13

Navigating Bankruptcy as a Small Business Owner: Chapter 11 vs. Chapter 13

According to the data provider Epiq Bankruptcy, the number of small businesses filing for Chapter 11 bankruptcy increased by 13% between 2021 and 2022. Businesses like the Pleasant Prairie Corner Bake..

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13
Oct
2023
The Role of a Bankruptcy Trustee: An Overview

The Role of a Bankruptcy Trustee: An Overview

A bankruptcy trustee plays a significant role in both Chapter 7 and Chapter 13 bankruptcy cases. Appointed by the court, a trustee essentially serves as an impartial administrator whose job is to mana..

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04
Oct
2023
Impact of COVID-19 on Bankruptcy Laws: A Review

Impact of COVID-19 on Bankruptcy Laws: A Review

In 2020, a global health crisis altered many aspects of daily life, including bankruptcy laws. As COVID-19 spread rapidly, legislative bodies acted swiftly to modify financial regulations. A host of c..

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