Monthly Archives: October 2021
What Can — And Can’t — Be Discharged In Chapter 7 Bankruptcy For Small Business Sole Proprietors
As the sole proprietor of a small business, struggling with sluggish sales and losses in profits can be devastating, both professionally and personally. After pouring your own money into the venture, you may be faced with mounting debts and harassing credit collections actions. Filing for Chapter 7 business bankruptcy can help provide the fresh… Read More »
Business Bankruptcy And Your Employees: 4 Important Issues
If you are a business owner and have a company that is currently struggling, filing a business bankruptcy may provide the best possible solution. Eliminating unsecured debts while liquidating assets or restructuring contracts can address the problem, allowing you to make a fresh start. However, if you employ others, their rights and general well-being… Read More »
Can Filing For Bankruptcy Protect Your Business Against Lawsuits?
A business bankruptcy offers numerous benefits for company owners who are struggling with outstanding debts. In addition to allowing you to liquidate assets, eliminate unsecured debts, and negotiate payment terms on contracts, it also grants you an automatic stay. This prevents your creditors from taking further collections actions against you, including lawsuits. Find out… Read More »