Are you after the bankruptcy protection that filers get when they petition for bankruptcy? If you’re a debtor in financial distress and you think that the automatic stay bankruptcies put in place will give you enough time to work out your financial problems without being hounded by the persistent debt collection efforts of your creditors and other collection agencies, a [...]
What is the SBRA? It is the Small Business Reorganization Act of 2019 which was recently signed into law by President Trump. The law passed in August 2019. It will take effect on February 22, 2020. SBRA creates a new subchapter in the United States Code related to Chapter 11 bankruptcy. As a result, small business owners will have more [...]
Financial distress can drive people to seek bankruptcy protection. Bankrupt debtors can relax when the automatic stay takes effect after they file for bankruptcy. The declaration of bankruptcy is often considered the last resort, but it’s a solution for getting out of debt. For assistance on how to file bankruptcy correctly, it’s best to engage the services of a bankruptcy [...]
