Filing for bankruptcy is often the final resort to addressing overwhelming debt. In Chapter 7 cases, debtors can find help organizing their assets and relieving specific loan types based on their circumstances. This option can also help them receive discharge releases...
Month: December 2023
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What are the consequences of negligence in franchising?
As a franchisee, you have a big responsibility to uphold the standards and reputation of the franchise network. But what happens if you do not meet your responsibilities and your actions or inactions cause harm to the franchise's reputation or result in financial...
How does filing for Chapter 7 affect your employees’ 401(k)?
As a business owner considering Chapter 7 bankruptcy, you might feel concerned about your employees' future — particularly their 401(k) plans. Bankruptcy does have implications for these defined contribution plans. But fortunately, government protections exist for...