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Running your own small to medium-sized business is no easy task. Success is a matter of attracting a dedicated customer base while navigating state and local laws. Being an entrepreneur means embracing these complexities while finding ways to remain solvent no matter...
Almost every consumer bankruptcy case has a bankruptcy trustee or an administrator with different roles and obligations. The court usually appoints the trustee, who plays a significant role in overseeing the debtor's bankruptcy estate in a bankruptcy case. According...
Chapter 7 bankruptcy is an important tool for people facing insurmountable debt. When the monthly costs and expenses exceed the monthly income, when collectors are calling regularly and when you are trying every month to figure out which bills not to pay in order to...
When many people start a business, they don't want to have personal liability for the company's debts or lawsuits. An LLC or corporation prevents creditors or those injured by defective products from bringing claims against you, your assets or your future income....
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...
If your business is in trouble, you may need to file for bankruptcy. The exact benefits and consequences of bankruptcy are somewhat different from chapter to chapter. Many businesses that are facing insurmountable debt opt for Chapter 7, or liquidation bankruptcy. The...
Bankruptcy is a viable, honest means of giving your business a fresh start. Of course, it may not be the right fit for every business in financial turmoil. You would need to speak with your attorney or an otherwise qualified expert to know for sure. Common forms of...