Consumer and small business bankruptcy issues. Deals with before, during and after bankruptcy.

Paycheck Protection Program – New Changes

SBA issues rules and guidance regarding the amended Paycheck Protection Program. The Flexibility Act: legislation signed June 5 lowered to 60% from 75% the minimum percentage of PPP funds borrowers have to spend on payroll costs to have the loans forgiven.  Plus, extended the covered period from eight weeks to 24 weeks, after loan disbursement.

I am a Leader in Democratization of Knowledge about Bankruptcy. Who Knew!

Who knew that I was a leader in providing knowledge to others (now called “Democratizing Knowledge)!! An article on Wired, Natalie Chyi, focuses a light on how COVID-19 has changed the prospective of on sharing information.  Titled The Coronavirus is Democratizing Knowledge.  The sub-title is: “Despite toxic misinformation, the pandemic has empowered us to become […]

Bankruptcy After COVID-19, What Should You Do to Avoid Mistakes?

This is a difficult time for everyone – employer, employee, parents, and seniors.  Never decide to do something without understanding the consequences of those innocent actions. We all know it is important to plan ahead.  It cannot be more important than today.  Many of you lost your job or were furloughed, but almost everyone has […]

How Filing for Bankruptcy Changed My Life

I could tell you how bankruptcy may change your life, but why would you listen to me? After all, I am the attorney who charges money to help her clients. What makes more sense is that I share my clients’ reports about their lives before calling me, the challenges of filing a bankruptcy, and how […]

COVID-19 FORBEARANCE IN ARIZONA CHAPTER 13 BANKRUPTCIES

The following is a guest post – by Gary R. Stickell, a great Arizona bankruptcy attorney and my friend and mentor for more than 20 years. COVID-19 and CHAPTER 13 BANKRUPTCIES Most, if not all, mortgage servicers are offering programs of forbearance to homeowners affected by income loss due to the COVID-19 Pandemic.  These seem […]

Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala

LAWGITIMATE Attorney Diane Drain and Bobby Zavala with University of Dubuque Diane Drain established her law firm in 1991 in order to provide education for those facing financial troubles. She believes that basic legal advice should be free and her commitment is to help her clients get their lives back on track. Her greatest reward […]

Debtors Abused by the Bankruptcy System

Bad, lazy or greedy attorneys fail to warn clients about the problems they could face in bankruptcy. People in financial distress look to attorneys for help and guidance.  They assume their attorneys care more about them than about the attorney’s bank account.

Finally, New Bankruptcy Protection for Disabled Vets

Disable Vet’s Income Not Offered Any Protection in Bankruptcy – until now! It only took 15 years, but Congress finally decided that disabled vets should have some of the same protection as those on Social Security. In 2005 Congress changed how those on Social Security would be treated in bankruptcy, but ignored disabled vets. The […]

Seniors – A Guide to Getting Help with Debt

Debt isn’t fun at any age, but it can be especially scary for senior citizens. Seniors normally don’t have regular paychecks coming in, and the bulk of their income may comprise of Social Security checks. They’re often dealing with life changes such as retirement or medical issues. All of the sudden, they have less money […]

Debt Makes You Stupid

Ever wonder why you make really stupid decisions, especially when you are overwhelmed, worried or distracted? Perhaps you are focused on one task, like dealing with a difficult child or employee, and you completely miss a really important appointment or buy something you did not want.