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A business bankruptcy can help you get rid of your remaining company debts when you close the company or can help you save the business by reorganizing your debts. Chapter 7 bankruptcy requires liquidation of company assets to repay creditors, while Chapter 11...
If you get yourself into a position where you can afford to repay your debt but you’re always working through a Chapter 7 bankruptcy, you may be wondering if you can cancel the bankruptcy and avoid having it on your record. Unfortunately, you don’t have the right to...
When your small business is struggling financially and you’re a sole proprietor, you need to start looking into solutions as quickly as you can. While bankruptcy might not be the first thing you try, it is a possible solution if you are still bringing in profits but...
Employers in Florida assume risks when they hire new workers. A company never knows when an employee might harass or abuse coworkers, or make mistakes on a production line or a construction project that cause expensive claims against the business. Employees are also a...
When you are struggling with the debts you owe for your small business, it can be hard to want to think about bankruptcy. You may only have ever seen small businesses go through bankruptcy when closing, but that’s not necessarily what has to happen to yours....
Debt issues can develop because of a car crash, a diagnosis with cancer, the loss of a job or even a failed business start-up. Those without the resources to address their mounting debts may eventually turn to bankruptcy for a discharge of unsecured personal debts....
Business bankruptcy can be an opportunity to reduce expenses and preserve the business from possible failure. It can also be a step in the process of closing the company and liquidating its assets. The company can temporarily halt collection activity and present a...
When your business has debts to handle and you’re not sure if you can make ends meet, it may seem like you’ll need to start cutting employee hours or lay some people off. If you want to keep your employees, you may have options that can help. If your company files for...
Companies sometimes go through hard times. Whether due to the economic downturn or other reasons, your company may be struggling and need bankruptcy to help it stay stable and profitable. Many business owners try to avoid bankruptcy because they worry about how it...
To many people, the word bankruptcy conjures images of people with no money and no resources. However, successful individuals can also find themselves dealing with unmanageable amounts of personal debt. In fact, successful professionals often need to maintain a higher...