As I have over ten-years of bankruptcy experience, I was initially going to solely focus this legal blog on the Las Vegas bankruptcy scene and general consumer law.
However, with Covid-19 and Las Vegas having the potential of being among the hardest hit in the nation, I have decided to have a broader focus. I will now focus on advice on Covid-19 recovery for both consumers, small businesses. Additionally, I will occasionally examine areas that I think could be of help to you.
Covid-19 And Las Vegas
I am not going to sugar coat it and I hope I am wrong, but the pandemic, after it has subsided, is going to hurt Las Vegas badly.
This prediction is backed up not only by observation. I.E., Vacation is the last thing that people think about when they are in financial trouble. Also, my prediction concerning Vegas’ economic future is backed up by several studies.
For example, the Brookings Institute has Las Vegas and Henderson, with roughly 34% of their jobs being at “high risk” of being negatively affected by the Covid-19 pandemic.
Hope For The Future
I lived in Vegas during the great recession, and not all is gloom and doom. Las Vegas can and will recover as Vegas did recover from the 2008 recession. During the 2008 recession, the Las Vegas economy was among the worst hit in the United States, as Vegas had the most foreclosures in the United States. Las Vegas also recovered from the horrific mass shooting, where 58 people were killed. VEGAS STRONG is true for Nevada and not just a slogan. Las Vegas will recover.
My philosophy is to hope for the best but be prepared for the worst. As a result, I hope this blog will do just that; give you advice that will help you in these challenging times.
Latest Blog Posts
Las Vegas and COVID-19 Recovery If I were able to predict the future, I'd be a billionaire. But, if history is any prediction, Las Vegas will recover, as they did from the 2008 recession. In 2006, the Las Vegas economy was booming, and many felt Las Vegas was...