A Chapter 7 bankruptcy is what we like to call a liquidation bankruptcy. Essentially what that is is a type of bankruptcy that allows you to, in exchange for disclosing everything that you own and everyone that you owe money to, to discharge all of your obligations that are allowed under the bankruptcy code. In

My recommendation after coming through a tough financial time is that every business owner doesn’t want to see his business fail and as a result they need someone there to help them manage their company by the numbers. A business owner needs to understand what its numbers are and how to make the necessary small

The advantage of a Chapter 11 bankruptcy for a business, first and foremost, is the automatic stay. And what that is, is a law that allows a business who is under tremendous pressure from its creditors or other people that it owes money to, to pay up and that company by filing the bankruptcy stops

The advantage of a Chapter 13 bankruptcy for a business owner or a small business owner is primarily the cost associated with the case. The bankruptcy process can be expensive to a company even though it provides tremendous benefits. In a Chapter 13 bankruptcy case filed by a business you’re able to deal with taxes;

After your business has filed a bankruptcy, many business owners are concerned about how they will be received by the people that they do business with. I always try to let my clients know that after filing for bankruptcy is the best time to start growing your business again, get back to doing what you

As a business owner who can’t pay their taxes, you’re not alone. Oftentimes taxes are one of the main reasons companies end up filing a bankruptcy case. There are options available through attorneys who offer services related to taxes but in the end sometimes there’s nothing you can do that works for your company. At

A Chapter 7 bankruptcy specifically as it relates to a Chapter 7 bankruptcy for a business allows an orderly liquidation and winding up of affairs of a company that has struggled in business for quite some time and needs the assistance of the court and a trustee to ensure that there aren’t any liabilities that

Creditors are usually receptive to business owners negotiating their debts. There’s on caveat, they’re more interesting in figuring out a way to ensure that the company doesn’t go out of business before they’re paid what they’re owed. As a result, negotiation opportunities are usually available for business owners. They are not something that a creditor