Business Bankruptcy

You’re a conscientious employer and have been for years. You pay a fair wage and ensure a comfortable working environment. In return, your employees work hard for you. Through no fault of your own, your company is struggling financially. You’ve had to adapt, make...

One of the things that potential business owners consider carefully when they decide to start a business is if they have a lot of competition in that space. Most businesses have some competition, as evidenced by cities with hundreds of similar restaurants, but owners...

When you started your business, you signed a three-year lease. You thought it would be a very successful company and you would address an extension when that term ended. However, it's now been two years and you've realized your business needs to declare bankruptcy....

Sometimes, things may not work out for your business. You may find it impossible to meet your financial obligations, and filing for business bankruptcy may be the only way out. However, you may be unsettled about the type of bankruptcy you need to file for your...

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...

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...

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...

If you have reached the point where you want to file bankruptcy for your business, you may not be able to cover all of your costs every month. Especially if you can no longer operate the company as you once did, choosing to close your physical location might be a...

You take on a lot of risk when you start a business. You often have to leave your job or cut back your efforts at career development to focus on the new company. You invest your time and money in something that may never repay your efforts. Even your personal...

If you need to file for bankruptcy for your business, the goal may be to discharge your debts and keep the business afloat. In some circumstances, you may file for bankruptcy while dissolving or closing the business to resolve its outstanding debts. As the owner or...