The Ins And Outs Of The New Small Business Bankruptcy Option
This article was originally published on Forbes. Click here for the original article You might have missed it amid all the goings-on since then, but in August 2019, a new law was passed that gives small businesses (and individuals/married couples) a new and simplified way to go through bankruptcy without needing to sell off their […]
Subchapter V: A Small Business Lifeline Just In Time
This article was originally published in Forbes. Click here to see the original article Though bankruptcy is a complex process, the concept is simple. If your business income — or your personal income, if you’re contemplating a personal bankruptcy — isn’t enough to meet your debt obligations, you’re probably “bankrupt,” at least insofar as you’re […]
Knowing When To Bite The Bankruptcy Bullet
This article was originally published on Forbes. Click here for the link Hitting the reset button is never easy. It can feel like you’re blowing up everything you’ve built, and it’s hard to focus on anything but the loss. But when things have taken a turn for the worse, and what you’ve built has already […]
Understanding Chapter 13 Bankruptcy For Independent Business Owners In Need
This article originally apeared on Forbes. Click hear for the original Not all bankruptcies are created equal. There are times when it’s unquestionably time to let go of opportunities that didn’t pan out, in which case a liquidation bankruptcy — generally governed by Chapter 7 of the U.S. Bankruptcy Code — might be the best […]
What Courts Look For In Chapter 13 Bankruptcies
This blog was originally posted on Forbes. Click here for the original link Small business owners contemplating bankruptcy typically have two choices: filing under Chapter 7 of the U.S. Bankruptcy Code, which means liquidating your business and walking away, or using Chapter 13 to reorganize personal debts, allowing you to leave more money in your […]
Chapter 7 Bankruptcy: A Lifeline For Independent Business Owners In Need
This article originally appeared on Forbes. Click here for the original article Business entities must generally choose between two types of bankruptcy: a Chapter 11 reorganization, which is a time-consuming and expensive process virtually only worthwhile for the largest corporations, and a Chapter 7 liquidation bankruptcy, in which business assets are liquidated and the business […]
Discussing Bankruptcy With Your Spouse: Key Financial Talks
Learn to navigate discussing bankruptcy spouse with tips on timing, understanding the process, and creating a post-filing financial plan.
Understanding: What Role of a Chapter 13 Bankruptcy Trustee?
Discover what role of a chapter 13 bankruptcy trustee plays in managing your case, from reviewing petitions to overseeing repayment plans and more.
Will Friends, Employer, or Landlord Know I Filed Bankruptcy?
Will my friends, employer or landlord find out if I file Bankruptcy?” Uncover the truth about bankruptcy’s impact on personal relationships.
Understanding Your Credit and Bankruptcy Essentials
Discover our guide on understanding your credit and bankruptcy, including Chapters 7 & 13, rebuilding credit scores, and avoiding predatory lenders.