The COVID-19 pandemic has had huge impacts on businesses big and small. According to research conducted by Yelp, 60% of businesses have permanently closed as a result of the global pandemic, and more are still struggling to recover.
It can
And the lesson is…don’t take financial advice from a fashion magazine?
If you have followed me at all, you may notice that I tend to read a lot and like to write or do videos about the bad information I
I recently wrote an article for the Contra Costa Lawyer on attorneys and financial wellness. Much of the article applies to non-attorneys as well and are thoughts that we come across every day in our law practice.
Most people
Annual 1099-C Don’t Freak Out Reminder!
Every year, we get panicked emails, phone calls, carrier pigeon messages from clients who filed for bankruptcy and then received a 1099-C in February when tax forms start coming out. Don’t panic. Here are
Yesterday (January 5, 2021), news websites reported the following two headlines:
PANDEMIC SPURS MOST BANKRUPTCY FILINGS SINCE 2009The sky is falling, the sky is falling!
BANKRUPTCY FILINGS HIT 35-YEAR LOW THANKS TO GOVERNMENT PANDEMIC AID
Wait, what? I thought
Living on credit is a day-to-day reality for millions of Americans.
Consumer debt in the United States totals $14.1 trillion — that’s $14,100,000, 000,000 – with the average person owing over $90,000 (according to Experian’s 2019 Consumer Debt Study).
With the stroke of a pen, California’s homestead exemption — the amount of equity in one’s primary residence that can be protected from creditors — increased from $75,000, $100,000, or $175,000 (depending on the circumstances) to the greater of $300,000
You may have read headlines recently such as “Court Allows Bankruptcy Discharge of $200,000 in Student Loans” and thought now is the time for file bankruptcy and get rid of your student loans. Unfortunately, headlines can be deceiving.
I always say that one of the most frequent sayings I hear is, “I didn’t know…” and it happened again on Friday.
I was reminded this week that people may not realize how we help individuals and business owners with
The CARES Act, passed on March 27, 2020, kicked off a chaotic and unorganized process of applying for a new program called the Paycheck Protection Program. On the surface, this looked like a great program for struggling businesses. A loan
