Bankruptcy

When someone sees that a business is going bankrupt, they may assume that it means that the business owner made financial mistakes. They took out too many loans or they spent their money frivolously. That individual may also assume that the business didn't have good...

There are many reasons for business bankruptcy, from taking on too much debt to changes in the market conditions to the introduction of a competitor in the same space that you didn't expect. In some cases, bankruptcy also happens simply because the business idea was...

When your business is struggling and you think that a bankruptcy may be on the horizon, it’s time to look into the steps you can take to keep your business open and avoid bankruptcy. While a business bankruptcy can be helpful for many people, it isn’t always the right...

If you know that your company cannot afford its current debt total, you may assume that you’ve merely reached the end of the line. You have to declare bankruptcy, sell your assets, let your staff go and close down the company, right?  Or is there another option? Is...

When you open a business, your goal is to make sure it is successful. You put hours of your own time into the business. You spend your own money on marketing and setting up your shop. Unfortunately, not all businesses will succeed. If you have set up your business but...

The ups and downs for small business owners have largely been “downs” for the last couple of years, so it’s perfectly understandable that a lot of companies -- yours included -- need to file for bankruptcy. That’s rather cold comfort, however, when you’re trying to...

You can see the writing on the wall. For reasons out of your control, your business is going to have to close its doors. You have more debt than you can afford. You’re going to need to use bankruptcy to get out of it. For a business owner, this can be a very difficult...

Negotiating a commercial lease can be an important step for business owners. Your lease may last for years and could tie you to a property even after your company continues to grow and needs more space. The long-term lease often required to secure a commercial space...

When people think about bankruptcy, they often assume that it’s a sign of poor business moves and transactions. They might think that a bankruptcy is negative for a business, too. The reality is that bankruptcy can be good for a business. In fact, if sudden changes in...

A failing business can feel like the world is on your shoulders. After so many years of investing time, energy and resources into a business, it is difficult to even say the word "bankruptcy." Maybe the business can be saved by negotiating with those that are owed, or...