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 […]
Author Archives: richardhackerman_2020
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 […]
Is the Pandemic Forcing You to File for Bankruptcy? Hire a Good Lawyer
These times are hard indeed. Many people are closing down their businesses and many more are losing their jobs. Savings are running low and unpaid bills are accumulating fast. Even Baltimore, the most populous state in Maryland, is no exception to this crisis. So, if you find yourself buried in debt with nowhere else to […]
Pros and Cons of Debt Settlement
Regrettable as it may be, people in Baltimore, Maryland often go online to search for and try to find a bankruptcy lawyer’s aid. Quite honestly, it occurs all too often. You could say that one couldn’t be safe from the experience of suffering from debts and bankruptcy because even those who are as young as […]