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The bill provides Key bankruptcy provisions within Sect. 1113 of the CARES Act changes eligibility threshold for businesses filing under new subchapter V of chapter 11 of the U.S. Bankruptcy Code from $2,725,625 of debt to $7,500,000; this is incredibly beneficial to aiding small businesses recover thru bankruptcy.

For individuals or businesses affected by the Corona Virus shutdown of the city, bankruptcy is still an option

Reorganization for small business debtors made more affordable by reducing the costs instead of having excessive procedures.

An article by NPR author Chris Arnold, providing information regarding dischargeability of student loans.

Congress has enacted the HAVEN ACT. Put simply, veterans who used to not qualify for the cheaper, faster, easier Chapter 7 relief now may qualify and those who still need a Chapter 13 case may be able to pay less each month.

Is your tax debt part of your overwhelming debt? You may have heard that you can discharge tax debt through bankruptcy, but which taxes can you discharge?

When it comes to filing for bankruptcy, some Los Angeles residents may think it is a very easy process — as if someone can just up and file without much hassle. Other residents may think it is more complicated than it actually is, and thus incorrectly decide that bankruptcy is not the route for them.

Approximately 18 months after the Federal Deposit Insurance Corp. seized the assets of First Regional Bank in Los Angeles, its holding company, First Regional Bancorp, has filed for Chapter 11 bankruptcy. At the time of the seizure, First Regional Bank had $2.18 billion in assets. The FDIC forced a sale to First Citizens Bancshares, Inc.

If your business is facing significant debt, it may seem like it will never surface as a productive entity. This is especially true if you expanded too quickly and now find yourself facing lease issues in addition to normal business debt.

Many people who are in long-term relationships are putting off marriage because at least one of the parties has significant debt. This is especially true in today’s economy, where school loans and few job offers have led to overwhelming debt for a large number of young people.