by Mark J. Markus | Aug 29, 2020 | business/corporate, chapter 11, chapter 7
Should Your Business File Bankruptcy? Many businesses are failing due to the COVID-19 Pandemic, especially small businesses. Business owners are faced with the difficult decision of whether to try to save their business, or fold up and close. I get many calls each...
by Mark J. Markus | Aug 7, 2020 | Bankruptcy Law, chapter 11, chapter 13, chapter 7, Filing Bankruptcy
It is an obvious dilemma. How can you afford a bankruptcy attorney when you have no money? Like anything else in law, representation by an attorney – and the quality of the attorney – can make a big difference. So what can be done to enable the hiring of a...
by Mark J. Markus | Jun 8, 2020 | Bankruptcy Law, business/corporate, chapter 11, chapter 13, chapter 7
The COVID-19 pandemic is wreaking havoc on small businesses. “Mom and Pop” stores and other small businesses are the most affected and least likely to survive the downturn in business. Employees are being laid off, businesses are closing, and vendors of ...
by Mark J. Markus | Apr 16, 2020 | automatic stay, Bankruptcy Law, chapter 11, chapter 13, chapter 7, Miscellaneous
Stimulus Check Payments Are Not Protected From Creditors We all anxiously await the first round of Stimulus Check payments from the government. But Congress did not protect these funds from collections by Creditors. Therefore, if a creditor (someone to whom you owe...
by Mark J. Markus | Jan 5, 2020 | Bankruptcy Law, chapter 11, chapter 13, chapter 7
What exactly is bankruptcy? People often refer to having no money as “being bankrupt”. But that is not bankruptcy. Bankruptcy is a set of laws designed for individuals and businesses (and also railroads and cities) who are unable to pay all their debts...
by Mark J. Markus | Jun 9, 2016 | Bankruptcy Law, chapter 11, chapter 13, chapter 7
When you file a bankruptcy case, the main goal is usually to eliminate the obligation to repay debts. But what if you don’t know everybody you owe money to? This is very typical and can result in different ways, such as: You had recent medical treatments, but...
