Cross Stone Law

Stuck with a huge solar panel loan? Many homeowners financed expensive solar panel systems in the hope that their electric bill would be reduced. Aggressive solar panel installers often overpromised and underdelivered. Bankruptcy may give you some affordable options. https://crossstone.com/resources/wiki/will-bankruptcy-help-with-solar-panel-loan/

SBA COVID loans (EIDL) are in repayment status. If you have closed your business and can't pay your loan, you are not alone. 37% of EIDL loans are in default. First, figure out if you are personally liable on the loan. In most cases, the SBA waived personal liability on loans to businesses $200k or less. If you are personally liable, you may need to consider bankruptcy. For more information, contact Cross Stone Law or read our latest blog post on SBA Economic Injury Disaster Loans (EIDL). https://crossstone.com/bankruptcy/bankruptcy-options-for-small-business/sba-economic-injury-disaster-loans-eidl/

With the increased cost of housing and vehicles, paying credit card debt may not be possible. Bankruptcy may help. https://crossstone.com/considering-chapter-7-bankruptcy-for-overwhelming-credit-card-and-loan-debt/

Federal student loan payments are back. Applying for an Income Drive Repayment is important to protect your credit and prevent penalties.

Late student loan bills can drop credit scores by up to 171 points, Federal Reserve warns The more than 9 million student loan borrowers who are estimated to be past-due could experience "significant drops" in their credit scores, the Fed warns.

Happy Thanksgiving!

New BOI Reporting Requirements - great article on new required business reports

Deadline Alert: Time’s Running Out for BOI Reporting! — Understanding the Tax Game The clock is ticking for businesses required to submit their Business Ownership Information (BOI) reports to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Missing this filing deadline could result in significant penalties, so let’s break down what you need ...