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When a Corporation Can’t Pay Debts, Does it Lead to Bankruptcy?

When a Corporation Can’t Pay Debts, Does it Lead to Bankruptcy?

When you own a business, you do everything that it takes to ensure that your assets are covered and that you are able to pay for any debts that arise. However, one year your business does not meet its goals or do as well as you were hoping for, [...]

Are You Able to Stop a Foreclosure with Chapter 7 Bankruptcy?

Are You Able to Stop a Foreclosure with Chapter 7 Bankruptcy?

Many business owners are also homeowners, which means that everything could be on the line after an individual has decided to move forward with Chapter 7 bankruptcy. Few people try to go into foreclosure every year and the process is typically involuntary. When a business experiences excessive debt and [...]

Tips on How to Avoid a Repeat Chapter 7 Bankruptcy

Going through a business bankruptcy is not an easy reality to face. However, once an individual has gone through the process of filing a Chapter 7 bankruptcy and following through, they may not change their financial ways and end up right back in the same situation. Did you know [...]

Tips on How to Avoid a Repeat Chapter 7 Bankruptcy

Things That Many People Do Not Know About Bankruptcy

For any business that is in debt and an owner that is considering bankruptcy, they might be expecting an easy and self-explanatory process. However, there are some aspects that a business owner might not have thought about when entering the bankruptcy process. By gaining an understanding of a few [...]

Things You Shouldn’t Do Before the Bankruptcy Process

Things You Shouldn’t Do Before the Bankruptcy Process

It is true that some people do not take their bankruptcy as seriously as they should. It is also true that many first-time individuals might not understand the process to the standard they would like to and that distressing mistakes might be made. Having an attorney on your side [...]

When a Corporation Can’t Pay Debts, Does it Lead to Bankruptcy?

Questions You Need to Ask a Business Bankruptcy Attorney

You’ve decided that the business bankruptcy process is best for you due to circumstances that led to a distressing financial situation and risked your business as it stands. In some cases, you might choose business bankruptcy because you plan on restructuring your business or because you want to finish [...]

Tips on How to Avoid a Repeat Chapter 7 Bankruptcy

Obtaining a Small Business Loan After Business Bankruptcy

When you endure the process of business bankruptcy, it is not unheard of for somebody to feel as if they will never be able to regain normalcy in their life and get a fresh start on their business. It is a good idea to get yourself back in a [...]

I’m Filing for Chapter 7 Bankruptcy: What is the Priority of Distribution?

I’m Filing for Chapter 7 Bankruptcy: What is the Priority of Distribution?

If you are filing for Chapter 7 bankruptcy, you might have questions about how the creditors will get paid. Many people are not familiar with the role that creditors play in your bankruptcy case. Creditors are one of the main aspects at the center of a bankruptcy case and [...]

Filing for Bankruptcy if You Have a Sole Proprietorship

Filing for Bankruptcy if You Have a Sole Proprietorship

To understand how to file for bankruptcy as a sole proprietorship, you must first understand what it means to own this type of business. These types of businesses are one-owner businesses or those that are owned by a married couple and do not own a business, such as a [...]

When a Corporation Can’t Pay Debts, Does it Lead to Bankruptcy?

Ensuring That Your Business Debts Are Always Paid Even During Bankruptcy

Yes, you might be considering filing for bankruptcy, but this doesn’t mean that you should stop paying attention to your business debts. Paying and keeping up with certain bills is the only aspect that can help your business continue to thrive. Even when money is tight, you still have [...]