Individuals and large businesses in the U.S. have long been able to file for bankruptcy with relative ease. Unfortunately, small businesses have often received less support in U.S. bankruptcy courts. This changed in early 2020 with the Small Business Reorganization...

Filing for bankruptcy can be a difficult decision, but it may be the best option for getting out of debt. Before you take any steps, it's important to talk to a bankruptcy attorney and ask some important questions. What is...

If you're struggling with debt, you may be considering bankruptcy as a way to resolve your financial problems. Bankruptcy is a serious decision that should not be taken lightly, and there are several factors you should consider before making a...

Filing for bankruptcy is a major decision that should be considered carefully with expert advice. Here are five tips to consider before you file for bankruptcy. 1. Talk to a qualified insolvency trustee, lawyer, or accountant. 2. Understand the consequences...

A bankruptcy trustee is a very important person in the process of filing for and administering bankruptcy. Many people may be unclear on the exact nature of the trustee’s role. Who is the trustee? What do they do, and who...

Congress passed the HAVEN Act in 2019 to provide financial benefits to veterans or their families when filing for bankruptcy. HAVEN stands for Honoring American Veterans in Extreme Need Act. This was designed to help all veterans in financial need,...

One of the first steps in the process of filing for bankruptcy is the bankruptcy means test. Conducting this test is an essential part of the process to determine who qualifies for bankruptcy and who does not. For those that...

Individuals filing for bankruptcy in the United States have two options: Chapter 7 bankruptcy or Chapter 13 bankruptcy. Chapter 7 is likely the first thing that comes to mind when people think of bankruptcy. This process involves liquidating personal assets...

Before talking to a bankruptcy attorney, it is important that you know what your options are. Filing for bankruptcy can be an extremely confusing process, and it will benefit both the client and the lawyer if there is no miscommunication...