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Bankruptcy Law Blog

Addressing Pre-Bankruptcy Questions
Liviakis Law Firm Team

Facing financial distress is a daunting experience that can leave many feeling overwhelmed and uncertain about the future. The prospect of filing for bankruptcy, while offering a path to relief, brings its own set of concerns and questions. Understanding the nuances of pre-bankruptcy can significantly impact the decisions you make and ultimately, the outcome of…

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Managing Debt After Job Loss
Liviakis Law Firm Team

Losing a job is an upheaval, triggering a domino effect on your financial stability and mental peace. For many, the immediate concern post-job loss isn’t just about finding the next opportunity but managing the looming shadow of debt without a steady income. In these challenging times, how you manage your debt can significantly impact your…

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Foreclosure and Bankruptcy
Liviakis Law Firm Team

Financial hardship looms large for many individuals, a scenario compounded by challenges like foreclosure, where a property owner’s right to ownership is relinquished due to reasons such as the inability to meet mortgage obligations. When these debts stack up and creditor pressures mount, bankruptcy often enters the conversation as a means of finding relief and…

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When Bankruptcy is Right for You
Liviakis Law Firm Team

The word “bankruptcy” can carry a heavy weight, and for many, it’s shrouded in misunderstanding and misperception. But the truth is, bankruptcy is a legal process designed to provide a second chance for individuals and businesses burdened with more debt than they can handle. If you’re finding yourself in the throes of financial turmoil, recognizing…

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Simple Tax Tips for Small Business Owners
Liviakis Law Firm Team

Owning a small business comes with its set of challenges with tax season being the most daunting. The thought of preparing and filing taxes can be stressful for small business owners. However, with a proper understanding of the tax system, small business owners can ensure they comply with tax laws without feeling overwhelmed. Separate Personal…

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Understanding Small Business Bankruptcy
Liviakis Law Firm Team

Small businesses are the backbone of any economy. They drive innovation, create jobs and add value to the society. However, running a small business can be a challenge, especially when things go wrong. Economic downturns, unpredictable markets, and unexpected expenses can often put a strain on small businesses. Unfortunately, sometimes the situation gets out of…

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Simple Tips for Small Businesses to Reduce Debt
Liviakis Law Firm Team

One of the biggest challenges faced by small business owners is financial management. Keeping up to date with expenses and generating enough revenue can seem like a daunting task, especially during difficult economic times like we see today. One important aspect that small businesses must focus on is debt management. 1) Reduce Expenses: One of…

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My Retirement Account In Bankruptcy
Liviakis Law Firm Team

Filing for bankruptcy can be a stressful process, and the last thing anyone wants is to lose their retirement savings along with their other assets. Retirement accounts are often one of the largest assets a person possesses, so it’s understandable to be worried about what might happen to them during bankruptcy. In this blog post,…

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