Recovering from a Business Failure

About Me
Recovering from a Business Failure

I’ve always admired entrepreneurs. Because of the financial risks they take, I think they are courageous people. Due to my timid nature, I never imagined I’d be one myself. But, after leaving a successful career in accounting a few years ago, I decided to launch my own home based business. So far, I’ve enjoyed success in this amazingly rewarding venture. Sadly, many entrepreneurs don’t experience the same type of success I’ve found. If they operate sole proprietorship or partnerships, their personal assets are often at risk when their business interests fail. On this blog, you will discover how a bankruptcy attorney can help a business owner who can’t pay his or her business debts.


How Much Debt Is Too Much Debt? 5 Signs You Should Consider Bankruptcy

21 July 2018
 Categories: , Blog

If you feel like you're treading water with your debt, it may be that you just have too much of it. It may be time to declare bankruptcy. Of course, bankruptcy is a drastic step, so it isn't one to take lightly. Here are a few signs it might be right for you. 1. Your Debt Isn't Going Down Are you paying minimum payments on your debts? If so, it's likely that your debt isn't going down at all, or is going down minimally every month. Read More …

Nearing Retirement & Worried About Too Much Debt? Here’s What You Need To Know

28 April 2018
 Categories: , Blog

Doesn't it seem that you work hard and put in a lot of hours to be able to afford to live? The American dream of owning a home is usually only achieved by going into debt. In your younger years, you may have planned on having your home paid off going into your retirement years, but that doesn't always happen. In fact, according to statistics from data collected from December of 2016, 73% of consumers had an average of $61,554 in debt when they passed away, and most of it was mortgage debt. Read More …

Is It Possible To Just Outwait Creditors?

3 March 2018
 Categories: , Blog

People who are swamped with debt often give up, stop paying, and hope the creditors simply go away. While this strategy may work for some people, most will only end up in a worse position than when they started. Here's how to tell whether a standoff with a creditor will actually work in your favor, or if it's best for you to take another tactic. The Type and Amount of Debt Read More …

Drowning In A Sea Of Debt? Why Bankruptcy Is The Life Preserver You’ve Been Looking For

14 January 2018
 Categories: , Blog

Being swamped with debt is definitely not a fun experience. It might seem like no matter how hard you work and regardless of how much money you try to pay towards your bills each month, the amounts never seem to get any smaller. You begin to realize that you're fighting a losing battle and start to look for solutions. Bankruptcy is one route you can take, and it's a road that can be just what the doctor ordered. Read More …

Facing Financial Crisis? 4 Steps To Help You Avoid Foreclosure

11 November 2017
 Categories: , Blog

If you've fallen behind on your payments due to circumstances beyond your control, and you're facing foreclosure, don't go down without a fight. There are steps you can take that might be able to stop the foreclosure. However, you'll need to act fast. The last thing you want to do is wait until the very last minute to take action. As soon as you begin getting the notices from your mortgage company, you want to remain in contact with them. Read More …