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If You Can’t Make Your Car Payment During The Virus Shutdown

By Cathy Moran

car payments coronavirus

  How am I going to keep my wheels while the coronavirus looms? The fight against the coronavirus has cut off income for millions.  While there’s been broad discussion about mortgages and student loans,  there’s less discussion about rent. So far, I’ve heard no governmental discussion about how to proceed if you can’t make car […]

Filed Under: Consumer Rights Tagged With: 2020

IRS Pandemic Relief in Taxing Times

By Steven Walker

taxes COVID-19

In normal times, this would be tax season. Not this year; these aren’t normal times. The recent COVID-19 pandemic has already had a significant effect on our personal and professional lives.  Between states and localities implementing “shelter-in-place” orders, commercial activity grinding to a near halt, and the stock market seeing massive losses, the United States […]

Filed Under: Featured, Taxes Tagged With: 2020

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Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

How Bankruptcy Works

Everyone gets $1M + bankruptcy exemption

Bankruptcy exemptions vary from state to state, but everyone gets an exemption of ~$1.75 M for money in an IRA. It's part of the Bankruptcy Code (section 522(n)) that applies to all filers, wherever they live. The exemption covers both classic, before-tax IRA's and Roth IRA's that are funded with after-tax dollars. … Read more

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