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.

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What Happens If Your Creditors Object To Your Bankruptcy?

24 February 2021
 Categories: , Blog

Although it's a rare occurrence, there are times when creditors might object to how bankruptcy is working out. The court's mandate is to return as much value as possible to the creditors, at least within what the rules permit. Bankruptcy lawyers have to respond to these sorts of complaints on behalf of their clients, and it is a good idea for petitioners to understand what might happen. Type of Bankruptcy Read More …

What Can You Keep At The End Of Chapter 7?

30 June 2020
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When people learn that liquidation of their assets is the core feature of Chapter 7 bankruptcy law, they often feel like they're going to be left with nothing. Although the process can be pretty intensive in liquidating folks' assets and accounts, there are some things the law allows petitioners to keep. Let's look at 5 of the most important items on that list. Items You Need for Your Job The courts would prefer that filers still be productive members of society when they're done with bankruptcy. Read More …

The Costs Of Filing For Bankruptcy

17 October 2019
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Many people wait too long before they file for bankruptcy. Unfortunately, the longer you wait, the more complex your case might be. Waiting till creditors take actions like lawsuits, foreclosures, and repossessions can only make it more difficult to get the financial relief you need. Filers sometime put off filing due to the cost of filing. There are several costs associated with a filing, but there are ways to deal with all of them. Read More …

Top Benefits Of Using Chapter 7 Bankruptcy

9 April 2019
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When it comes to debt-relief options, Chapter 7 bankruptcy is one of the best choices you have, if you qualify for it. Through Chapter 7, you can receive a number of great benefits that you will not experience with other forms of debt-relief, and here are four of the top benefits offered through Chapter 7 bankruptcy. Your creditors will stop harassing you One of the things that often causes people to evaluate Chapter 7 as a method for debt-relief is creditor harassment. Read More …

Own A Small Business? How To Get Ready For Tax Season

23 January 2019
 Categories: , Blog

If you own a small business, then you know just how important it is to do everything right the first time around. With tax season just around the corner, you may be wondering what you need to do to ensure that you file your taxes right and on time. So, what can you do? This article will take a closer look at the next steps that you can take. Do you want to learn some more? Read More …