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.


The Fee-Only Chapter 13 Bankruptcy: Balancing Speed Vs. Size Of Debt Relief

8 August 2017
 Categories: , Blog

Bankruptcy brings with it an awful Catch-22: You can't afford to pay your bills, so you need to file for bankruptcy, but you don't have the money for the bankruptcy lawyer's fees, so you can't file for bankruptcy. This looks insurmountable at first, but there are ways around it. One of these tactics is to file for Chapter 13 bankruptcy instead of Chapter 7 because of the rules regarding lawyer fee payments. Read More …

4 Reasons To Consider Personal Bankruptcy

10 July 2017
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Filing bankruptcy may be a scary prospect, and can have a damaging effect on your credit score, but for many people it's actually the best possible option. In some cases, filing bankruptcy is the fastest way to get a clean start financially and begin the process of rebuilding your credit and savings. Here are four reasons to consider personal bankruptcy: You Can't Keep Up with Payments While an occasional late payment to a credit card or other debt account can happen from time to time without major consequences, being frequently behind on payments is another matter altogether. Read More …

Why Timing Your Bankruptcy Is Important

26 May 2017
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Timing your Chapter 7 bankruptcy case is an important step in the process, and this is something your bankruptcy lawyer will help you with. There are a number of reasons the timing of a case is important, and one of the reasons relates to your income and the way it can affect your case. Here are several things you should understand about your income and how it may affect your Chapter 7 bankruptcy. Read More …

Getting Out Of A Financial Bind

2 May 2017
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Making the wrong type of decisions early in life can lead to years of financial distress. You can end up with numerous debts that make it hard for you to get ahead in life due to the inability to save money. If are in debt and want to get your finances back on track, you must have the will power to make a few changes that will allow you to save money. Read More …

3 Common Misconceptions Regarding Bankruptcy & the Real Truth Behind Them

5 October 2015
 Categories: , Articles

Filing for bankruptcy can be a huge step towards setting your finances straight and relieving yourself of bad debts. However, there are certain misconceptions many people believe have that stop them from filing for bankruptcy. To help you understand the truth behind these, below are three of the more common myths surrounding bankruptcy and the truth behind them: Bankruptcy Results in Foreclosure For many people facing bankruptcy, their biggest worry is losing their home. Read More …