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Struggling with debt can be overwhelming, especially for owners of small and mid-sized businesses. When facing financial hardship, Chapter 7 bankruptcy may seem like a viable option. However, the process can be complex due to various pitfalls. If you are a business...
Business bankruptcy may carry a stigma. However, filing for bankruptcy can sometimes be the only viable option for a struggling business to reset its financial situation and start on a clean slate. Facing bankruptcy can be an emotionally trying experience for business...
For property owners, filing for bankruptcy may sound scary. This process helps address overwhelming debt by organizing assets and paying off creditors while receiving the court's help to determine relief options through discharges and other arrangements. This process...
In 2019, the commercial real estate economy saw stable growth and the market was strong. Developers were eager to expand, investors were willing to take risks, and loans were readily available to anyone who needed funding. In a snap, the global pandemic the following...