Chapter 11

When people hear the term “small business bankruptcy,” images of overdue bills, piles of bank statements, and empty pockets often come to mind.

However, filing for bankruptcy doesn’t have to mean giving up your business forever or falling into financial ruin. In fact, a business bankruptcy will not affect you individually unless you guaranteed business debts or your business is a sole proprietorship.

Filing for bankruptcy may allow a business to eliminate some debt while restructuring their organization and staying in operation. Before pursuing any chapter of bankruptcy, it’s important to determine whether you are filing on behalf of yourself or your business.

Making the decision to file for bankruptcy is never easy. However, after finally making the larger decision to enlist the protection of the courts against your creditors, it is important to understand your personal circumstances to decide which type of…

Faced with the reality of being past due on their loans or even foreclosure, many homeowners are looking for options that might help reduce the impact on their financial future, as well as their families.  One such option is a…

What is bankruptcy? Insolvency Balance sheet insolvency:  liabilities exceed assets. Equity insolvency:  inability to pay debts as they become due. Bankruptcy One does not have to be insolvent to voluntarily go bankrupt, but as a practical matter, bankruptcy is the…

Many Debtors ask us “Can I keep my car if I file Bankruptcy?”  The answer is – it depends.  There are many factors to consider and discuss with your attorney in determining what your options are with regard to keeping…