Month: May 2020

Self Employed Filing Bankruptcy in Staten Island

Self- employed business owners thinking  thinking about filing bankruptcy in Staten Island can find the process daunting. Individuals are often scared of their creditors coming after them and want to find protection. Many individuals are often worried about how filing bankruptcy will impact their future finances. Individuals who are self-employed, independent contractors, or sole proprietors …

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Foreclosure lawyer in Staten Island

Staten Island Foreclosure Lawyer

Individuals who are facing foreclosure are often afraid of being homeless. people who can’t afford their monthly mortgage payments are in this situation due to financial hardship. Sometimes it can be due to a divorce, medical reason, or loss of employment. Individuals are often surprised when their bank refuses to accept their mortgage payments or …

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Bankruptcy For Small Businesses

Businesses that are impacted by the coronavirus pandemic may be wondering where they should turn. Small businesses make up a third of the U.S. economy and with the unforeseaable future small business owners may be thinking about filing bankruptcy to help them get out of debt. Below we will discuss the different chapters of personal bankruptcy that small business owners may be able to file to get out of debt. Business owners will need to think about whether or not they want to keep running their business or shut their business down. 

debt

10 Warning Signs You May Need Financial Help

Some individuals see this happen to them when they lose their job, get sick, or get divorced. Individuals should be aware of warning signs signaling they may need financial help.

What is Bankruptcy?

Most individuals ask “what is bankruptcy?” Many believe that bankruptcy is used when individuals make bad financial decisions. Although, yes that may be true, bankruptcy, is also a tool to help individuals get out of debt and start over.  There are many different reasons why individuals file bankruptcy.

Can I File Chapter 7 Bankruptcy to Get Rid Of Business Debt?

With the coronavirus pandemic going on, many business owners may be wondering how their business debts can be eliminated in a Chapter 7 bankruptcy. If you own a business, have debt, and can’t pay, filing bankruptcy can help you eliminate your personal liability. Keep in mind, however, that even if you are not personally liable for the debts, in a Chapter 7 bankruptcy, your business will still be liable for the debt. This is because the business is a sole proprietorship.