2015

Small Business Debtors Filing For Chapter 11 Bankruptcy: 3 Special Provisions To Consider

Within the first 18 months, 8 out of 10 entrepreneurs who have started a small business will fail. Most of the time, these small businesses simply run out of capital. Instead of being dragged deeper into debt, consider filing for small business bankruptcy under chapter 11 provided that the business owes no more than $2,490,925 and restructure your business. Small businesses filing under chapter 11 are subject special provisions that are significantly different than personal bankruptcy cases that are filed under the same chapter.…

The Positive Points when Filing for Bankruptcy

If you have had a great deal of difficulty in keeping up with paying bills and unavoidable debt, you may have wondered if filing for bankruptcy would be a better choice than struggling every month. Many people try to avoid bankruptcy because of the reputation they will have to creditors and banks, making it difficult to obtain loans as a result. This mindset, however, is short-term and there are actually benefits you could reap from filing for bankruptcy.…

After racking up thousands of dollars worth of debt, it can be overwhelming to think about dealing with the future. In addition to struggling with your month-to-month bills, you might also stress about saving a little extra, facing creditors, and living your life. However, if you work with a lawyer to declare bankruptcy, you can reset your financial situation. Although the bankruptcy process can sound intimidating, a trained lawyer can walk you through the entire process. After evaluating your situation and showing you what to do next, your lawyer can help you to heal from even the most frustrating financial losses. Read here to learn a little more.