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Tag: Memphis bankruptcy attorney

Handling Debts of a Sole Proprietorship

memphis chapter 7 bankruptcy attorney

2020 has been a difficult year for consumers and businesses alike. The economic shutdown due to COVID-19 concerns had a particularly challenging impact on small businesses, including sole proprietorships. These are businesses operated by one individual without formal legal formation with the State of Tennessee. Sole proprietorships can be beneficial business arrangements, though one downfall is the lack of…

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What Happens to Your Tax Return in Bankruptcy?

Memphis bankruptcy attorney

Many people filed their tax returns on or near the July 15th deadline for 2020, so you might have recently received your tax refund or are expecting it any day now. While having extra cash on hand from a tax refund can be nice, for many people, it will not even come close to helping with overwhelming debt. If…

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