The Impact of COVID-19 on Bankruptcy Filings

The COVID-19 pandemic has had a significant impact on the financial health of individuals and businesses across the United States, and California has been no exception. As businesses were forced to shut down or scale back operations to prevent the spread of the virus, many individuals lost their jobs or had their hours reduced, leading to widespread economic instability and financial hardship. The result has been a surge in bankruptcy filings, particularly Chapter 7 filings, which provide debt relief for individuals and small businesses. In this article, we'll explore the impact of COVID-19 on bankruptcy filings and provide guidance for [...]