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Why Bankruptcy Isn’t as Scary as It Sounds

December 17, 2020

Many people today are going through more profound financial strain than ever before. This has become challenging, which could make it impossible for you to meet all of your financial obligations. The term Bankruptcy is a scary word for most people. It is automatically associated with business closures, financial problems, and tarnished credit. At Butcher Law Office,…

What’s Life Like After Bankruptcy?

December 17, 2020

If you are reading this, chances are you have received your Chapter 7 discharge, or you recently finished paying your Chapter 13 plan. If this is the case, congratulations! You now have an opportunity to move forward with a fresh start. While bankruptcy gives you financial relief, you may have some questions about your life…

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Can I Pay Back Family Before I File Bankruptcy?

December 17, 2020

During difficult financial times, you turn to family and friends for help. They lend you money when banks couldn’t, regardless of your credit score. But when your debts pile up, can you pay back your family any money owed to them before filing for bankruptcy? A quick answer is “no.” You should avoid paying relatives and…

Large Corporate Chains Filing for Unprecedented Number of Bankruptcies

June 1, 2020

The United States government issued trillions in loans to businesses during the coronavirus. But this hasn’t prevented them from failing to make their bills. Now millions of dollars in debt, these same companies are filing for corporate bankruptcies, typically Chapter 11. An estimated $1.22 trillion has been absorbed over the course of just five months.…

Are You Headed Toward Bankruptcy? Don’t Touch Your Retirement Savings & Other Considerations!

May 22, 2020

If you, like so many Americans right now, are struggling with job loss or other financial stressors, you may be considering the prospect of bankruptcy. While bankruptcy may be an option of last resort, many Americans think that they can avoid bankruptcy by cannibalizing their retirement accounts or making other moves that simply forestall the…

Unemployment Rate Skyrockets to 36 Million as Economic Uncertainty Looms

May 18, 2020

As the coronavirus continues to take more American lives and livelihoods, the number of Americans seeking unemployment benefits has skyrocketed to 36 million. Yet those seeking unemployment are finding it difficult to file claims or even get through to a human representative. Meanwhile, states appear to be running out of money to fund unemployment claims…

Can I Keep My Car in Bankruptcy?

May 8, 2020

One of the major concerns for people considering bankruptcy is how the bankruptcy will affect their car — not only the car loan but the car as a potential asset. In this article, we’ll discuss the interplay of cars and bankruptcy. Can I Keep My Car in Chapter 7? The short answer is usually “Yes!”.…

Will Mortgage Forbearance Save Your Home From Bankruptcy?

May 4, 2020

Mortgage and rent forbearance were woven into the text of the Coronavirus Aid, Relief, and Economic Security Act, which was cobbled together quickly and we’re all still trying to figure out what it means, how it will be paid for, and what other measures are necessary to protect our economy from the shutdown. Meanwhile, many…

Changes to the Bankruptcy Code Under the CARES Act

April 24, 2020

For those who were dealing with budgetary shortfalls, The CARES Act provided some much-needed relief. This relief not only made major changes to unemployment, extending coverage and providing extra relief for those who were laid off during the coronavirus quarantine, it also included changes to the bankruptcy code for those who were in the midst…

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Can We Expect a Surge in Bankruptcies Due to Coronavirus?

April 2, 2020

How financial institutions deal with the coronavirus will tell us a great deal about what the financial future holds for Americans across the country who work in sectors that are considered “non-essential” for the purposes of this quarantine. Already, a number of businesses such as restaurants, bowling alleys, and other hospitality and recreation centers are…

DISCLOSURE*

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship.

 

I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

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