The first step to filing for bankruptcy is admitting that you need to file for one. The next one is figuring out which type of bankruptcy to file. Now, this process may be daunting, but you must choose correctly so you won’t waste a lot of time and effort. Better yet, hire a local Baltimore […]
Author Archives: richardhackerman_2020
Pros and Cons of Filing Chapter 7 Bankruptcy
When you have reached the point where you are already struggling to make ends meet, creditors seem to be harassing you left and right, and you find it hard to follow your daily routine, it’s probably time to file for bankruptcy. Chapter 7 Bankruptcy is a way for you to get a fresh start as […]
Pros and Cons of Filing Chapter 13 Bankruptcy
With the pandemic going on for more than 6 months and lockdowns being implemented here and there resulting in detrimental losses for various businesses, it is inevitable that some of them may start filing for bankruptcy. Mounting debts aside, many will also find it difficult to support their families and provide their daily needs alongside […]
Businesses You’ll See Less of in 2021
The country’s longest economic expansion has stopped in the first quarter of 2020. And as the economy is experiencing a sharp decline, this year has seen a steep rise in the number of bankruptcies. In Maryland alone, more than 7,200 businesses have filed for bankruptcy according to the American Bankruptcy Report, and that’s only from […]
How can Bankruptcy Help Displaced Workers During the Covid-19 Pandemic?
The Covid-19 outbreak has caused people to fear and worry for their health and the health of their loved ones. On top of that, it triggered the worst global recession the world has ever seen, leaving millions of Americans out of jobs and applying for unemployment. For most, this means financial instability – little or […]
How COVID-19 is Causing Unprecedented Economic Plummet
We all entered 2020 thinking that the year is going to be a blast. The business and economic sector, specifically, has marched into this year with more enthusiasm as compared to the previous years. Plans of expansions and employment for some specific branches within the economy are marked and plotted – in assumption of a […]