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Category Archives: Business Bankruptcy

Bankr9

Can You Get A Business Loan After Bankruptcy?

By Harry D. Lewis |

Being a successful business owner takes effort, creativity, motivation, and strategic planning and decision-making. And even if a business owner has all of the elements that should make for a solid business that can operate and be profitable, that does not always mean that their venture will work out. In 2021, there were well… Read More »

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Bankruptcy19

How Business Bankruptcy Impacts Credit

By Harry D. Lewis |

The chief objective of any business owner is to run a successful operation and increase their bottom line. But not every business endeavor is meant to be a success. Every month it is estimated that over 500,000 businesses will be formed but only 50% of them will make it to year five. Poor cash… Read More »

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BankruptcyQuest

How Consignors Can Protect Their Goods From Consignee Bankruptcy

By Harry D. Lewis |

The laws relating to consignment can put a consignor at a disadvantage if they do not take the time to understand them. But, consignment is a commonly used arrangement that many businesses take advantage of to run their operations. The jewelry industry is one where consignment arrangements are utilized frequently. These arrangements will have… Read More »

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Solvency

The Importance Of Solvency And Business Operations

By Harry D. Lewis |

Business owners work hard to make the right decisions that will help their operations thrive and prosper. Owning a business means having to wear several hats at once and figure out solutions to major problems that could affect the running of the business. One of the biggest issues that a business owner has to… Read More »

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Bankr28

How Can A Business Go Bankrupt?

By Harry D. Lewis |

Starting a new business is a lot of work, but nevertheless, an exciting proposition. The dream of being your own boss and doing something you are an expert in or that you love can make you feel free. While the goal of any business is to operate successfully and continually expand its customer base… Read More »

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Bankruptcy17

Fraud And Business Bankruptcy

By Harry D. Lewis |

Unethical and potentially illegal practices can slowly gain a foothold in your business, leading to accusations of fraud. Whether it occurred with or without your knowledge, the impact could be devastating. In addition to causing the destruction of your company, it can also leave you facing both civil and criminal liability. As a business… Read More »

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Bank12

Business Bankruptcy May Be Your Best Option In The Event Of A Lawsuit

By Harry D. Lewis |

Conflicts with employees, clients, suppliers, or other businesses can land you in legal hot water. Having a lawsuit filed against you creates stress, consumes large amounts of your time, and can distract you to the point of losing profits. In the event the other party wins, it can jeopardize all your hard-earned assets, which… Read More »

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Bank9

What To Do If Your Small Business Is In Trouble

By Harry D. Lewis |

Considering all the ups and downs over the past few years, it is no wonder that many small business owners are finding themselves struggling. Fluctuations in the local or national economy, low demand for certain types of products or services, issues in obtaining adequate inventory, and difficulties in finding employees are all common issues… Read More »

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Bankr9

Sole Proprietor? Eliminate Personal And Business Debts Through Bankruptcy

By Harry D. Lewis |

Many people dream of being their own boss and running their own business. While being a sole proprietor has many benefits, it also carries heavy responsibilities. You can be held personally liable for debts your business accrues while unexpected mishaps in your personal life and your own financial struggles can also dramatically impact your… Read More »

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Bankr15

COVID Continues To Create Problems For Businesses: How Bankruptcy Provides Solutions

By Harry D. Lewis |

For more than two years now, the COVID-19 virus has wreaked havoc around the globe. In New York and across the United States, lulls in case numbers over warm weather months have given way to dramatic spikes in cases once again. Despite advances, including widely available vaccines, the pandemic continues to impact every area… Read More »

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