2905, 2020

154. What Happens to My Employees in a Chapter 11 Bankruptcy?

During this difficult time, you may be considering filing for bankruptcy for your business. But, what happens to your employees if your business files for bankruptcy? Chapter 11 Most businesses file under Chapter 11 bankruptcy to enter into a repayment plan [...]

1505, 2020

152. Can Filing Chapter 7 Bankruptcy For My Business Help Me?

During these uncertain times, you may be worrying about the best options for your business. Did you know that a business or LLC can file for Chapter 7 Bankruptcy? How It Works Just like an individual filing, the Chapter 7 Trustee [...]

605, 2020

Reasons Why Chapter 13 Bankruptcy May Be A Better Option

Filing bankruptcy is not an easy decision. There are several bankruptcy chapters in the bankruptcy code which may be daunting for someone faced with financial challenges. If you are considering bankruptcy, it is wise to seek legal advice so that one [...]

405, 2020

Bankruptcy: Myth #10

Myth: I can file all by myself Technically, yes. However, it is almost impossible for an ordinary person to properly complete and file the required bankruptcy paperwork. In fact, there are many detailed articles about how the Bankruptcy Abuse Prevention and [...]

2704, 2020

Bankruptcy: Myth #9

Myth: Chapter 7 and Chapter 13 Bankruptcy are the same. There are two types of bankruptcy available for most consumers.  Each one takes a different approach to solving your financial problems. Chapter 7: Commonly referred to as a "liquidation bankruptcy." However, [...]

2404, 2020

149. What Happens to My Lease if My Business Files for Bankruptcy?

If you are currently locked into a long commercial lease but are facing financial difficulties, you may be worried about filing for bankruptcy. Don’t worry! There are options available for you and your business. Also, what will happen will depend on [...]

2004, 2020

Bankruptcy: Myth #8

Bankruptcy Myth 8: You Can Handle This Yourself You may think that since you got yourself into this financial mess, you can get yourself back out. It's great to take responsibility for your situation, but when it comes to a bankruptcy, [...]

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