Steps To Make Sure Your Bankruptcy Proceeding Go Smoothly

Filing for bankruptcy doesn’t need to be an anxiety-ridden process. In fact, the process can go smoothly if you know what to expect and how to prepare. Consider this a general, beginner’s guide to the process of filing for bankruptcy in Nevada. Of course, nothing beats sitting down with a qualified and experienced bankruptcy attorney, …

Can Coronavirus Impact Your Bankruptcy Case?

The COVID-19 crisis has sent unemployment filings into a tailspin. According to ABC News, nearly 10 million Americans filed for unemployment protections in March 2020. Businesses quickly shuttered their doors. Others sharply reduced hours for employees and limited what services they offered to the public. Filing Bankruptcy in the Coronavirus Era Experts say that bankruptcy filings are …

PPP Loans Now Allowed to Businesses in Bankruptcy

The U.S. Small Business Administration (SBA) has announced a major policy shift to allow small businesses in bankruptcy proceedings to receive PPP loans. Previously, filing bankruptcy was one of the many conditions that disqualified a business from tapping the funds. But now, for Chapter 11, 12 and 13 filers, PPP funds may be available as …

Impacts of Chapter 11 Bankruptcy on Franchise

The COVID pandemic has forced a large number of restaurants into bankruptcy 1. Of course, the restaurant industry heavily relies on a system of franchising to conduct operations. Franchisors sell the rights to operate using their brand and trademarks. Franchisees are independent business owners who conduct their operations under the terms of the agreement. Because …

What Businesses Going Through Bankruptcy Can Learn From Chuck E. Cheese

In 2020, Chuck E. Cheese ran out of tokens. The pizza and entertainment company filed for Chapter 11 bankruptcy protection as the COVID-19 pandemic brought its in-person, interactive business model to a halt. Following complex legal procedures and a large number of filings, the company emerged, having shed $705 million in debt and improving its …

COVID-19 Foreclosure Avoidance Program in Nevada

COVID-19 foreclosure avoidance programs have provided welcome relief for residents of Nevada during the pandemic. Avoiding foreclosure is on the minds of many. There are programs available to Nevadans that can help. The Home Means Nevada programs and the Hardest Hit Fund are two opportunities that may fit Nevada homeowners’ needs. Does Nevada Have a …

Safeguards Against Business Bankruptcies in a Post-COVID World

The COVID pandemic has changed the ways that people do business. Business owners today need new strategies to survive and thrive in a post-COVID world. Part of thriving is having a concrete plan to avoid bankruptcy. Our Las Vegas bankruptcy lawyers have 16 tips for safeguarding your business from bankruptcies in a post-COVID world. 1. …

National Rifle Associate (NRA) Declares Bankruptcy and Plans to Incorporate in Texas

Texas flag (U.S. state) Gun Control USA. United States Gun Laws.With more than 5 million members, the National Rifle Association (NRA) commands a presence wherever it goes. Founded in 1871 in New York, the organization seeks to improve marksmanship skills and defend gun ownership rights. However, the NRA may soon be carrying out its mission …

Boring Company Poised To Expand on Bankrupted Las Vegas Monorail

The Las Vegas Monorail closed its doors for months when the COVID-19 pandemic hit, but it’s finally getting a fresh start. The Las Vegas Convention and Visitors Authority (LVCVA) purchased the Monorail in December 2020. Now, there are big plans to expand services with the help of the Boring Company and its founder, Elon Musk. …

How to File For Bankruptcy Without An Attorney

Most people use an attorney to file for bankruptcy. However, if you’re determined to go it alone, you need to make sure that you get it right. Here’s how to file for bankruptcy without an attorney. 1. Determine What Chapter to File To file for bankruptcy without an attorney, you must start by determining what …