by Ben Ruesch | Apr 24, 2020 | Bankruptcy
Chapter 7 is the most common type of bankruptcy for personal debtors. It is also referred to as straight or liquidation bankruptcy. Chapter 7 is most suitable, and most frequently used, by individuals, but can also be an option for businesses as a last resort to have their slate wiped clean. Chapter 7 bankruptcy is most often used by people who are far behind on their bills with unsecured debts to reset their finances.
by Ben Ruesch | Mar 10, 2020 | Bankruptcy
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide paid sick leave or expanded family and medical leave for reasons related to COVID-19. These provisions are in effect until December 31, 2020, and include the following:
by Ben Ruesch | Feb 10, 2020 | Bankruptcy
Chapter 7 bankruptcy could also be known as liquidation, or straight bankruptcy. It requires the court to appoint a trustee. Who then takes your assets, sells them, and distributes the money to creditors who have filed the proper claims. They cannot receive payment without correct claims filed. Being the most common type of bankruptcy filed in the U.S., chapter 7 is still complex.
by Ben Ruesch | Jan 10, 2020 | Assets
An asset is anything already of value, or a resource of value that can be turned into cash at any time. Assets may be owned by individuals, companies, or the government. It may contain economic value, or future benefit. Future cash benefit assets may be something such as a company, or a patent. So how do you determine the different categories of assets?
by Ben Ruesch | Dec 11, 2019 | Assets, Wills
Planning for Incapacity In Southern Utah Most people don’t know the importance of setting up an estate plan in Southern Utah, also referred to as an incapacity plan. When such people are asked, they give predictable answers, such as “to avoid probate and taxes,” “to...
