Author Archives: Sydney Zehnder

Americans Significantly Reduce Their Credit Card Debt Amid Pandemic

Credit Card Debt

How Americans are Safeguarding Their Finances During an Economic Downturn In the middle of a year characterized by uncertainty, Americans are finding stability through reducing their credit card debt. Economists expected the rising unemployment rates and recession to be met with increased debt. However, reduced spending and government supplementation flipped the expected outcome. The Numbers […]

What Can I Keep When I File Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy

What property can I keep when I file for a Chapter 13 Bankruptcy? How are my house, car, cell phone, and money handled in Chapter 13? Chapter 13 bankruptcy allows you to protect most of your assets, including your home and car. This bankruptcy filing lets you pursue financial relief while protecting your way of […]

How is the Restaurant Industry Reopening and Moving Forward?

How is the Restaurant Industry Reopening and Moving Forward?

Pandemic-related closures may have forever changed the restaurant industry. Many bars and restaurants are beginning to open their doors once again. The mandated closures of the last few months are now slowly being lifted, as long as safety guidelines are met. Though in most states restaurants can re-open, some restaurants are financially unable to.

2020 Brings Bankruptcy Filing for Popular Retailers

Retail Bankruptcy

Retailers face financial uncertainty as many file for bankruptcy. State economies are beginning to re-open, including the return of in-store shopping. The re-opening of stores is a hopeful landmark, but it isn’t an immediate fix to decreased revenue. Some retailers who were on a financial downturn before the pandemic have found themselves facing bankruptcy decisions […]

States Feel Financial Strain too, but can they Claim Bankruptcy?

States Feel Financial Strain too, but can they Claim Bankruptcy?

State governments are feeling the pressures of economic struggles too. Financial stress has closely followed the spread of coronavirus. Closed businesses and rising unemployment numbers are evidence of the strain caused by COVID-19. States are also experiencing similar burdens, with budgets being stretched and expected income at a halt. Unlike businesses and individuals though, states […]

Minnesota Bankruptcy Procedures During the COVID-19 Pandemic

Minnesota Bankruptcy Procedures United States Bankruptcy Court

How have bankruptcy procedures changed due to the COVID-19 pandemic? To protect all parties involved, Minnesota bankruptcy procedures have changed to respect social distancing and safer at home guidelines. These changes include deadline extensions, office closures, payment methods, and document requests, among others. The United States Bankruptcy Court, District of Minnesota has enacted the following […]

What Mortgage and Rent Relief is Available During COVID-19?

What Mortgage and Rent Relief is Available During COVID-19?

What protections to my home are available during this financial hardship? Many Americans are still under a Stay At Home order, with some worried about financially protecting the home they are in. Fortunately, you may be able to find relief options through the CARES Act, your loan servicer, or a state program. CARES Act Protections […]

Debt Collectors and Your Stimulus Check: What to Know

Debt Collectors and Your Stimulus Check: What to Know

The Economic Income Payments, more commonly known as stimulus checks, are steadily being received by the millions of Americans who qualify. These payments are calculated and issued by the Internal Revenue Service (IRS), as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These payments provide emergency financial assistance to the many […]

How Social Security Appeals Have Changed During the Pandemic

How Social Security Appeals Have Changed During the Pandemic

Changes have been made to the Social Security appeals process to protect beneficiaries and staff from the coronavirus. How Social Security Appeals Have Changed During the Pandemic Many Social Security applicants are denied upon their first application and choose to appeal this decision. There are four levels of appeal for those that disagree with the […]