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You may assume that economic issues across the country have forced more businesses to close their doors. However, reports indicate that this hasn’t happened and that bankruptcy on the whole is down. For instance, the U.S. courts reported that there were 22,482...
Boy Scouts of American (BSOA) has been rocked by controversy in recent years for the cover-ups regarding sexual abuse detailed in secret records going back to 1944. With the deadline for victims to file a claim approaching, the organization looks like it will surpass...
If investing in commercial real estate, you need to be sure you are spending your money wisely. With the market fluctuating considerably due to the year’s events, determining what a Jacksonville property is worth can be challenging. While there are some great bargains...
One of the things you’ve probably heard about bankruptcy is that it can have a negative impact on your credit score. That can be true, depending on how low your score is due to missed payments and the level of your debt. However, one thing to remember is that your...
One of the primary concerns of some business owners when they need to file for bankruptcy is what will happen to the employees. Sometimes these employees have been with them for years and have helped build the company. They might be worried that the employees won’t...
Henry Ford said, “Failure is simply the opportunity to begin again, this time more intelligently.” In order to begin again, most companies will need a little financial forgiveness. Filing for Chapter 11 bankruptcy could be the difference between survival or failure....
It can be easy to associate the term bankruptcy with negative connotations. Some business owners may believe that they have failed their company or their families and that, in choosing bankruptcy, they are waving the white flag of surrender. But that is simply not the...
Anytime you sign a contract, having it carefully reviewed for the legality and questionable inclusions is usually a good decision. Commercial leases are very expensive potential contracts that deserve the same degree of scrutiny as other contracts a business might...
You love running your own business, but with the economy as it is today, you’re struggling. Anytime there is a dip or downturn in the economy, it does make it harder to make ends meet because you don’t have as much income coming in. On top of that, your vendors and...
One of the most difficult things for a business owner to realize is that their company isn’t going to remain solvent. When this happens, there are only a few options that might be viable. They might be able to rework the budget to account for the shortfalls or...