On April 14, 2020, Frontier Communications filed Chapter 11 Bankruptcy. The company currently had $11 billion in unsecured debts, and hoped to reduce that amount by at least $10 billion in the bankruptcy. Unfortunately, Frontier’s Chapter 11 has had a rocky start so far. What is Chapter 11 Bankruptcy? There are many chapters of bankruptcy, [...]
On May, 18, 2020 Phoenix Bankruptcy Attorney and Staff writes: When a home is experiencing serious financial problems, one of the primary concerns is usually losing the house. When homeowners fall behind on mortgage payments, they are able to have a problem perhaps getting up, and also they risk defaulting and also facing foreclosure. Lots [...]
On 5/12/2020, Phoenix Bankruptcy Lawyers and staff write: By now, it's well known that the spread of COVID 19 as well as the accompanying social isolation methods taken to slow it have ravaged the economies both stateside and also worldwide. Industries even tangentially associated with tourism and hospitality were hit particularly hard. When individuals are [...]
On 5/10/2020, Our Arizona Bankruptcy Lawyers Team writes: The spread of Coronavirus has caused many businesses across the country to restrict their services or close entirely. Some businesses that could still operate are having difficulty obtaining shipments from overseas suppliers due to labor shortages. This state of semi-shutdown is set to continue indefinitely, at least [...]
If you, like millions of other Americans, are currently struggling to meet ends meet due to debt, you should consider bankruptcy. Bankruptcy allows you to reorganize or liquidate your debts and start with a clean slate. Making sure you file at the right time maximizes that amount of debt you will discharge in your bankruptcy [...]
Governor Doug Ducey Announces Extension of Arizona’s Stay-at-Home Order: What Does this Mean for Arizona Businesses? On March 31, 2020, Governor Doug Ducey issued a stay-at-home order to combat the spread of COVID-19. The order urges Arizonans to stay at home unless they need to do essential activities. Businesses such as salons, gyms, and movie [...]
Filing Bankruptcy is Still Possible During COVID-19 Social Distancing Whether you were on the brink of bankruptcy before the pandemic started, or if quarantine measures have drastically reduced your income, you may be wondering if bankruptcy is still an option for you. Like everyone else, bankruptcy professionals have had to change the way they operate- [...]
How To Protect Yourself From Going Bankrupt Through the COVID-19 Pandemic The Current Coronavirus Pandemic May Lead to Increased Bankruptcy Filings in Phoenix. Think of your financial health through this Coronavirus pandemic. Take action! Protect yourself COVID-19 bankruptcy. While your first priority during the Coronavirus pandemic may be keeping you and your family [...]
People Are Starting to File Bankruptcy because of COVID-19. You’ll Probably Need an Attorney to Avoid a Trip to the Courthouse. There is no doubt that the Coronavirus pandemic is wreaking havoc on the economy. Trump’s guidelines for social isolation have just been extended through the end of April. Owners and employees alike of restaurants [...]
Chapter 13 Bankruptcy Can Help You Weather the Coronavirus Pandemic Record Number of Unemployment Filings Due to COVID-19. On 3/26/2020, Phoenix Bankruptcy Attorney and Staff write: Many Phoenix Businesses have closed die to COVID-19. Due to the spread of COVID-19 various quarantines and shutdowns are in place to help mitigate it. Millions of [...]
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