Coronavirus And Small Business Bankruptcy

You can expect the coronavirus pandemic to shut down millions of small businesses in the upcoming months. A range of small business bankruptcies can be expected as more than 40% of the country’s small businesses are expected to shut down permanently in the next 6 months due to the coronavirus pandemic. This was indicated in a poll conducted by the U.S. Chamber of Commerce. Commercial bankruptcies began to show a rise in the first quarter of 2020. Many of the small business owners are waiting Read More +

5 Myths About The $1200 Stimulus Check

In March 2020 the biggest stimulus package in the history of America was passed by Congress to counter the economic situation caused by the coronavirus pandemic. It was signed to become the law by the U.S. President Donald Trump. This $2.2 trillion package will provide $500 billion to the industries in distress, $350 billion to the small business loans, and $260 billion for expanding the unemployment benefits program. But all the discussion is about the $300 billion set aside for direct stimulus payments. These payouts Read More +

Coronavirus May Lead To Record Bankruptcy Levels?

The Coronavirus is spreading throughout the entire world. Governments have locked down countries, airlines are not flying, and people are ravaging supermarkets to stock up on basic supplies. What does this virus mean for the world and the future? At this moment in time there is going to be stimulus checks going out to low income earners over the next few months. Even with this stimulus check, these small amounts most likely will just help with just buying some groceries. For most people this check Read More +

Dealing With Financial Stress During The Coronavirus Crisis

Similar to the millions of other U.S. nationals you may find yourselves out of work at the moment due to the spread of coronavirus epidemic. Unlike other disasters where you can predict the layoff period, this is an unexpected and devastating blow for many people. There are not many answers available about when all this is going to end. What will happen to the future work, what will be the assistance available for the unemployed workers are the questions we all are curious to find Read More +

When Are My Debts No Longer Collectible?

Laws regarding time-barred debts, a debt that is past its legal time window of collection, vary from state to state. This “time window” in which collectors must initiate a lawsuit is formally known as the Statute of Limitations. The Statute of Limitations applies to all types of lawsuits, not just those between debtors and creditors. Anytime someone wants to file a claim, whether it’s regarding a car accident, personal injury, workers’ compensation, product liability, etc. there is an amount of time from the event in Read More +

Coronavirus And The Impending Small Business Bankruptcies

As the coronavirus spreads rapidly across the world, the Chinese and other country’s supply chain problems are not the only problem anymore. The CDC (Centers for Disease Control and Prevention) has asked for the suspension of the gathering of ten or more people in one place. Various stores, bars, and restaurants in the U.S. and other countries are closed for business. There may be a curfew in place shortly with other social distancing measures being enforced to slow down the spread of the virus. Some Read More +

Worried About Income Tax Debt?

Look no further. At Weller Legal Group, we are fully equipped to help with your questions regarding the IRS. Constantly receiving mail and phone calls from the United States Treasury can seem threatening and feel unending. Weller Legal Group considers it our privilege to help you understand your options when it comes to your unique tax information. Understanding the Basics Q: If I file for bankruptcy, could I wipe out that money that I owe to the IRS? A: Yes! There are just a few Read More +

Coronavirus Covid-19 Sanitization Efforts

As the reader is probably aware, various governmental agencies have mandated that various businesses, airports, and other institutions closed their facilities, in an effort to stem the spread of the Coronavirus, otherwise labeled COVID-19. It is the position of Weller Legal Group PA that it is imperative that our offices be as clean and sanitized as possible. We are taking proactive efforts to not only sanitize each of our four offices, including the sanitization of all desks, workspaces, computers, printers, and common areas. Picture Credit: Read More +

Effect Of Coronavirus On Americans And Bankruptcy

The coronavirus spreading in China has got the financial markets across the world rattled. But the experiences before such outbreaks indicate that the financial markets bounce back pretty quickly. The coronavirus treatment is likely to set back more than half the American households that have $4500 or less in saving. Medical and Insurance Related Effects of Coronavirus on Americans The coronavirus epidemic is putting the average American’s financial and physical health under pressure. The death rate of the virus is progressively getting lower as the Read More +

Reasons To File Bankruptcy And Prior Considerations

To file bankruptcy is an extreme measure. However, this action used in the right way and at the right time can save a lot of money for you and preserve your peace of mind. It also helps you get back on your feet economically. But filing bankruptcy can also be time-consuming and expensive and have an impact on your credit score. It can also have far-reaching effects on other areas of your life. Buying a new car can become difficult while getting a new home Read More +