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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Unmasking the Role of Bankruptcy Attorneys in Debt Relief and Financial Recovery

3 November 2023
 Categories: , Blog

Embarking on a journey toward financial recovery often involves navigating complex legal landscapes. In these challenging times, bankruptcy attorneys emerge as pivotal figures, providing much-needed guidance and expertise. Bankruptcy Attorneys: Guiding Lights in Financial Distress Bankruptcy attorneys are legal experts specializing in bankruptcy laws. They offer invaluable assistance to individuals and businesses grappling with overwhelming debt, guiding them toward viable solutions. Their role goes far beyond just filing paperwork and representing clients in court — they are trusted advisors offering practical solutions to complex debt problems. Read More …

How To Make The Most Of Bankruptcy

24 March 2023
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People often think negatively about the bankruptcy process. While arriving at bankruptcy isn't anyone's first choice for their near-term financial future, it isn't the end of the world. Bankruptcy lawyers will even tell you that the process can be a golden opportunity to get your financial situation on track. You can do these four things to make the most of bankruptcy. File for the Right Type of Bankruptcy You have two possible options depending on your circumstances. Read More …

When Your Bankruptcy Trustee Comes Up Short

7 July 2022
 Categories: , Blog

Chapter 7 bankruptcy contains the potential for filers to lose personal assets. However, there are a few good reasons why almost no filers ever lose any property when they file. If an asset is not protected by exemptions, it could be seized by the trustee and sold. The money is then used for various bankruptcy administrative costs and some high-priority creditors. It's important for filers to understand what protects their property from the bankruptcy trustee so read below to find out more. Read More …

What Can A Chapter 13 Bankruptcy Filing Do For You?

11 January 2022
 Categories: , Blog

Bankruptcy is not a bad thing, although the events leading up to it may make it all feel terrible. Things such as the loss of a job or a divorce can all be hard, but bankruptcy is the saving grace in it all, and it shouldn't be thought of in a negative way. If you are in a poor financial situation with no end in sight and no other way to get out of your financial burdens, you can file for Chapter 13 bankruptcy. Read More …

3 Things To Know About Medical Bills During Bankruptcy

6 August 2021
 Categories: , Blog

Do you have a lot of unpaid medical bills that are becoming overwhelming? If so, you may be considering bankruptcy to discharge this unsecured debt. Here are some things to know about this debt and using bankruptcy to eliminate it. You Can Only Discharge Medical Bills Received Before The Filing If you plan on using bankruptcy to discharge medical bills for an ongoing injury, you may want to think again before doing so. Read More …