As you probably know, it can be difficult to succeed in business without some financial help. Whether you need to pay for equipment, salaries, rent or something else, you may need a loan or financing. Even though defaulting can hurt your company, you may have little...
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Bankruptcy
If you do not know it, calculate your debt-to-income ratio today
If you are struggling to make ends meet nowadays, you certainly are not alone. In fact, according to reporting from CNBC, roughly 77% of Americans indicate they are anxious about their financial situation. While many factors contribute to financial insecurity, having...
Dunn Law Bankruptcy Attorneys Secure $1.585M Court Approved Settlement
Congratulations to Dunn Law, P.A. attorneys Michael Dunn and Jerrod Maddox, representing @Kenneth A. Welt as Chapter 7 Trustee of the Bankruptcy Estate of 98 SE 7, LLC, recently assisted in securing court approval of a settlement for payment to the Estate of...
Subchapter 5 of the Bankruptcy Act could help small businesses
Florida business owners seeking to restructure their debts may qualify for a Subchapter 5 filing. Congress added Subchapter 5 to Chapter 11 of the U.S. Bankruptcy Code in 2020. The new chapter allows businesses with liabilities of less than $2.7 million to reorganize....
How can you bounce back after bankruptcy?
While bankruptcy does have an impact on your credit score, it also provides a clean financial slate to people mired in debt. As a result, it is a good option for many people who have overwhelming amounts owed to creditors and cannot remit payments reasonably. After...
Worried about the effects of filing for bankruptcy? What to know.
Making the decision to file for bankruptcy can be one of the most terrifying moments of your life. Although you know that it will bring much-needed relief from overwhelming debt, you may worry about the possibility of losing your home and having nowhere to live, and...
3 steps to manage medical debt
Medical bills can quickly become unmanageable. This is true for those who are concerned about a recent cancer diagnosis or extended hospital stays due to COVID-19 or another illness or injury. Those who find themselves in this situation likely wonder how medical debt...
What does business bankruptcy look like?
If you are a business owner and are struggling to meet your goals, you are not alone. The COVID-19 pandemic made life especially difficult for businesses, and many entrepreneurs are wondering whether or not their business will be able to stay afloat. Some may find...
3 ways to manage debt: Snowball, avalanche and bankruptcy
It is not uncommon to find yourself not meeting your financial goals. Whether you are looking at individual or business finances, it is a good idea to explore debt relief options to devise a strategy to pay off what is owed when these goals get off track. This can set...
As collection rates soar, people look for better way to manage debt
Debt collection rates are rising. The pandemic led to a spike in debt levels for businesses throughout the world and now creditors are coming to collect. Companies are using new and more efficient ways to reach out to customers and clients who may still need to make a...