Guiding business back on track.
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...
When your business isn’t bringing in enough money to survive and keep its doors open, one of the options is for you to close your business and consider bankruptcy. Not all business owners want to stay open when their plans don’t work out, so it’s reasonable to...
When the budget doesn't balance anymore, your business may have to make big changes. Restructuring is a way for floundering companies to reduce their operating expenses. By eliminating redundant positions and streamlining the workforce, companies can potentially keep...
Running a small business was always challenging, but when the economy took a downturn in 2019 and 2020, you found it harder to make ends meet. Being in a position where you’re now starting to see an influx of customers but are drowning in overwhelming debt from trying...
The economy isn’t always as good as it should be, and that can mean that many people go through layoffs or struggle to find work. In those cases, people who once had excellent jobs or debt that was under control may find that it’s nearly impossible to keep up with...
If your business is dealing with debt-related issues and you’re unable to repay what you owe, one of your options could be bankruptcy. However, bankruptcy is a significant blow to many businesses, even if it does help them move forward with more stability in the...
Mounting debt can be an overwhelming experience. You may find yourself needing to choose between two less than attractive options -- debt consolidation or filing bankruptcy. The one you might want to choose varies based on your individual circumstances. There are pros...
Unsecured debt doesn't just eat into your income by requiring that you make payments. It also puts you at risk of legal action by creditors that could mean a garnishment of your wages or a lien against your personal property. Filing for personal bankruptcy can be a...
Many people consider medicine a lucrative career, but they may not consider all of the expenses involved in operating a medical business. For example, the physician starting their own medical practice has to spend tens if not hundreds of thousands of dollars to get a...
If you're struggling to pay your debts, it may be tempting to file for Chapter 7 bankruptcy. However, this might mean that assets such as a car, watch collection or your Florida home will be liquidated. Other debt relief options that may be available. Reorganize...
