During the COVID-19 pandemic, many businesses saw their operations get completely upended overnight. Many businesses were forced to shutter their doors as a result of lockdown measures, while others had to adjust operations to the “new normal.” For many, it was a nightmare scenario, and one that threw their ability to stay afloat into serious […]
During the COVID-19 pandemic, millions of businesses all across the country were upended due to lockdown orders and a massive alteration to how people lived. This overnight wave of change caused catastrophe for many businesses, as they were forced to find new and innovative ways to stay afloat. Because of the sheer magnitude and significance […]
The COVID-19 pandemic caused significant financial challenges for all types and sizes of businesses all across the country. When the pandemic broke out in March 2020, business owners saw their companies’ normal operations upended overnight. Not surprisingly, many found themselves in very difficult financial positions, having to adjust for the new world in which we […]
The U.S. Small Business Administration plays a vital role in supporting small businesses throughout the country. The government agency does this in a number of ways, including providing guidance and resources to business owners, as well as offering special loan programs. One of those loan programs is called the Economic Injury Disaster Loan, or […]
During the COVID-19 pandemic, the federal government created many economic assistance programs for individuals and businesses that were facing significant financial challenges. For individuals, this included multiple direct stimulus payments as well as enhanced unemployment benefits for those who lost their jobs either permanently or temporarily. The federal government also created new loan programs such […]
Foreclosures are rarely if ever a pleasant thing for homeowners. However, they may be able to recoup the equity in the property after the foreclosure if there were surplus funds after the sale of the house. How to Claim Surplus Funds The primary purpose of a tax foreclosure sale is to recover any property taxes […]
Bankruptcy can often be a financial lifeline for people who find themselves in a mound of debt they can’t get out from under. In many ways, it can be sought as a restart of sorts from a financial perspective, allowing certain debts to be discharged. Of course, there are ramifications of bankruptcy, including a hit […]
When people get themselves in challenging economic situations, filing bankruptcy might be the best option to provide debt relief and peace of mind. However, at the same time, doing so could impact your future job prospects in the state of Michigan. Bankruptcy laws do have protections in place for debtors who have filed bankruptcy, shielding […]
Filing bankruptcy can be a scary proposition, especially if you own certain assets that you wish to protect. One of the main assets that comes into question in bankruptcy cases is a primary residence. Luckily, there are federal bankruptcy exemptions that are in place that can help to shield your home from the bankruptcy process […]
Every state has the right to set different rules and regulations for residential foreclosure. This can make it tough for homeowners to understand what their rights are, especially if they own property in another state. The Michigan foreclosure process can be complex, but it’s very important to understand the laws and regulations that govern it. […]
