The Latest Debt & Finance Blog
The storm is coming. American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts…
The phrase “stimulus check” is second only to “coronavirus” or “COVID-19” as something to talk about these days and people are definitely talking. About 159 million Americans have received the…
Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and…
Don’t plan on receiving and cashing a second COVID-19 stimulus check just yet. A group of 20 fiscal hawks, many of the close advisors to President Trump, sent Trump and…
“You deserve hazard pay for that job!” All of us probably have either said that or someone said it to us, and it’s almost always a tongue-in-cheek expression of sympathy…
As the COVID-19 crisis drags on and unemployment spikes to unprecedented levels in the U.S., individual debt burdens can feel more overwhelming than ever. On top of it, as many…
With a stunning 36.5 million and counting Americans out of work because of the COVID-19 pandemic, there are a lot of people scrambling to pay their bills until they have…
While Governors in several states are trying to crack open the door on the shuttered U.S. economy, the news from two key elements of a would-be revival – employment and…
Americans suddenly out of work because of COVID-19 are filing for unemployment in unprecedented numbers, but a bright spot on the employment front is that some businesses are hiring, both…
Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the…
Sources:
- McMickle, J. (2020, 15 June) The Calm Before The Storm Of Bankruptcies. Retrieved from https://www.americanbanker.com/opinion/the-calm-before-the-storm-of-bankruptcies
- Braga, M. (2020, 29 June) With Bankruptcies Surging, 2020 May Become One Of The Busiest Years For Chapter 11 Filings Since The Great Recession. Retrieved from https://www.usatoday.com/story/money/2020/06/29/coronavirus-oil-industry-troubles-could-fuel-chapter-11-filings-2020/3249794001/
- Sozzi, B. (2020, 20 April) A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector. Retrieved from https://finance.yahoo.com/news/a-tsunami-of-bankruptcies-are-about-to-wash-away-americas-retail-sector-142047677.html
- Lawless, B. (2020, 16 April) A Coming Consumer Bankruptcy Tsunami, Wave, Or Ripple? Retrieved from https://www.creditslips.org/creditslips/2020/04/a-coming-consumer-bankruptcy-tsunami-wave-or-ripple.html
- Daley, B. (2020, 13 May) Bankruptcy Courts Ill-Prepared For Tsunami Of People Going Broke From Coronavirus Shutdown. Retrieved from https://theconversation.com/bankruptcy-courts-ill-prepared-for-tsunami-of-people-going-broke-from-coronavirus-shutdown-137571
- Skiba, P. (2020, 22 May) Next Financial Crisis: A Tsunami Of Bankruptcies Expected As People Go Broke From COVID-19 Shutdown. Retrieved from http://www.milwaukeeindependent.com/syndicated/next-financial-crisis-tsunami-bankruptcies-expected-people-go-broke-covid-19-shutdown/
- Weston, L. (2020, 4 May) Start Thinking About Bankruptcy Now, Not Later. Retrieved from https://www.seattletimes.com/business/liz-weston-start-thinking-bankruptcy-now-not-later/
- Walsh, M. (2020, 18 June) A Tidal Wave Of Bankruptices Is Coming. Retrieved from https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html