What You Need to Know About Small Business Bankruptcy

  • November 11, 2015

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.

How Businesses Navigate Chapter 11 Bankruptcy

  • November 6, 2013

Unfortunately many businesses face times of serious financial struggle where they are struggling to pay back creditors but forecast stronger revenue streams on the horizon.  In these cases the business…

How Do I Know Which Type of Bankruptcy to File?

  • June 20, 2013

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…

Bankruptcy vs. Mortgage Loan Modifications

  • August 27, 2012

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,…

Bankruptcy 101

  • June 8, 2012

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…

Can I Discharge Taxes in Bankruptcy?

  • May 25, 2012

Owing money to the government for back taxes can be a stressful situation.  People often ask whether they can discharge tax debts through bankruptcy.  The answer is – maybe.  Depending…

Bankruptcy and Foreclosure

  • May 25, 2012

With the recent downturn in the economy, and, in particular, the real estate market, many people are faced with prospects of foreclosure on their homes.  Bankruptcy can help in many…

Can I Keep My Car in Bankruptcy?

  • April 2, 2012

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…

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