Normally, any individual is considering filing bankruptcy for themselves will have to file either Chapter 13 or Chapter 7 bankruptcy. Businesses generally file either Chapter 11 or Chapter 7 bankruptcies. There are, however, a few other key types of bankruptcy which exist. Chapter 9 is one such option, and it is specifically tailored to help
Read More ›Anyone with an interest in the sale, acquisition, or merger of a business might be faced with the prospect of entering into an Earnout Agreement. In a business merger and acquisition environment, an Earnout Agreement enables buyers and sellers to assign a variable value to part of the sale price and tie it to the
Read More ›You owe a creditor money. Perhaps you made some bad investments or you were forced to pay significant medical bills when a loved one was in an accident or developed a severe illness. Now, you are past due on a hefty credit card bill. You discover that your creditor obtained permission for a garnishment by
Read More ›Whether you have been working in business your whole life or you are brand new to the world of business, you are likely to face situations at some point or another which are “over your head,” especially when it comes to your company’s legal strategies. Rather than trying to handle everything on your own, it
Read More ›Right now, as you read this blog, there are millions of Americans out there who are struggling to pay off their debts. They have fallen behind for one reason or another. Perhaps they lost their job or fell severely ill. Whatever the reason, for those who are trapped under a mountain of debt, filing bankruptcy
Read More ›Americans are more burdened by student loan debt now than they have ever been before in history. Millions of borrowers owe well over $1 trillion dollars in student loans, and the average student loan debt for graduates of the class of 2015 was $35,000 per person. And as you might expect, in a tough job
Read More ›Legal audits are essential tools for any business—big or small. There are so many complex facets to operating a business, and with a laundry list of regulations and requirements governing them, it can be difficult to keep up. In order to stay on top of everything and protect the business, every company should have a
Read More ›The prospect of starting a business is incredibly exciting for most people. The independence, the control, the promise of building something yourself from the ground up, and the thrilling risk and challenges inherent in the process are all factors that make this such an appealing route. But where do you begin? One of the most
Read More ›Filing bankruptcy is an incredibly powerful tool for both individuals and businesses who are struggling to pay their debts. It can provide much needed relief and a fresh start when your financial situation deteriorates beyond your control. However, while filing bankruptcy may be a blessing for debtors, it is one of the last words that
Read More ›As we’ve often talked about in our blogs, there is an unhealthy stigma that follows filing bankruptcy in our society. It is viewed as a mark of failure, when in fact, particularly for businesses, filing bankruptcy is merely another tool in your financial tool belt to help you achieve your goals. In this blog, we
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