Hey Debtors-

Today we're going to talk about California's latest, refreshed lockdowns and what it might mean for the economy. We'll also talk about the forms and papers you need to deal with in bankruptcy, which a lot of people aren't quite prepared for and freaks them out a bit. Finally, I'll plug my law firm's new website!

Audio contents:

• Introduction. Say hello ? (0:05)
• California lockdowns (0:46)
• Bankruptcy has a lot of forms (5:13)
• New website! (9:52)
• Seeya next time! (11:01)

California locks down. Again.

Our first topic is the latest round of California lock downs. It's well known that cases are going up, but are some economic considerations beyond the case counts too.

First, the $600 additional federal unemployment runs out next week, July 25 I believe. Second, the eviction moratorium picture is a little unclear.

Third, and most importantly, there isn't the national unity today that there was back in March. So I don't think there's anymore federal money coming anytime soon. Consequently, the economic effects of Governor Newsom's latest actions will fall most heavily on entrepreneurs and minimum wage works, without much help this time.

Everywhere in the news you can read stories about the sick or unemployed, so I feel like I need to talk about the entrepreneurial spirit--since nobody else seems to tell that story.

Bankruptcy has a lot of forms

I raised something in this podcast that I'm not sure I've ever heard anyone explain: bankruptcy requires you to fill out a LOT of forms and provide a lot of paperwork. Forms aren't a big deal, but there's a psychological effect to it all.

They catch a lot of people off guard (as it did with this one Redditor). Up until the time they decide to file, they've been thinking mostly about whether they should or shouldn't file. Once they've made the decision, they're faced with a huge number of forms and disclosures, which I think can be really unnerving.

As I implore you in the podcast, don't worry about it. Nobody is trying to judge whether you're worthy with those forms.

It's just a process to make everything clear in case there are any assets anywhere that might be available for creditors (and qualifying you for Chapter 7 over 13). It's one small substep in your bankruptcy process, which is, don't forget, a step in your process to success!

New Website!

This is a little indulgent, but I finally got a new website for my boutique bankruptcy law firm, Sidewalk Legal! I think it looks pretty sharp. Wanted to tell you about it in the podcast.

Stop by and I'll get a little alert: say hi! I'll try to say hi back.

Finally, my apologizes for taking a while to hit the record button on this podcast. I'm trying to pull together a lot of things all at once: family, work, podcasts, blogging, websites, social media. How do people find time for this stuff? Oh yeah, they make it a PRIORITY.

This podcast is brought to you by Michael Rice, an attorney with the boutique bankruptcy law firm, Sidewalk Legal, where he can be contacted with questions. It's for information purposes only!