You hate to admit it, but your business has been tanking for a while. This past year appeared to be the final nails in the coffin. But what bothers you the most is your employees. Can you continue to pay them during your bankruptcy process? Much of your employees’...
Month: December 2020
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Is it time to use bankruptcy to close your small business?
If you have to close your small business, the goal should be to try to close it without any remaining debt. Unfortunately, the reality is that closing without major debt isn’t always possible. If you owe large debts, then bankruptcy may be the right solution to...
How do you know which kind of bankruptcy to choose?
2020 has been a tough year, and it is safe to say that many businesses have struggled with a failing economy. If your business has created debts but is not bringing in the income you expected, then you may be in a position where you are looking into bankruptcy. As a...