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If you are a co-owner of your business, with one or more business partners, there is the chance that a dispute will arise. This can be highly detrimental to your company and your future, especially if you cannot resolve the dispute. Many of the most difficult cases involve just two owners, as there is no…

There are some common-sense correlations between medical debt and bankruptcy. However, did you know that medical indebtedness can also lead to poorer health? Medical bills can often set off a chain reaction that can compound your problems. 4 possible negative impacts to unpaid medical debt The Sycamore Institute conducted a research project on how medical debt…

Chapter 11 bankruptcy is a form of bankruptcy designed for businesses that want to restructure their debts while keeping their doors open. This form of bankruptcy is helpful for those who may find that their debts are outweighing the profits but that they have can make changes to make the business more profitable with the…

Many business owners go public and put shares in their company up for sale to increase the funds necessary to grow their reach. Doing this doesn’t come without downsides, however. Shareholders get something out of investing funds in a growing business. As the company’s owner, you have to answer to your shareholders once you introduce…

Unfair competition is a situation that involves deceptive or unethical business practices designed to harm other businesses. The federal and state laws regarding unfair competition aim to protect intellectual, economic or creative interests. They do so by preventing companies from misappropriating another’s work and representing it as their own. You might have a right to…

Lending people money can be a great business model. You get to charge interest just because you had the financial resources someone else needed for a transaction. Most people do their best to repay their debts, so you can count on regular payments from most borrowers. Of course, lenders also take substantial risks by choosing…

If your company is struggling to stay afloat, you may start to think about filing for bankruptcy. When you look at the people you owe money to, you might feel more loyalty toward some than others. Yet, this does not mean you can play favorites when choosing who to pay. Section 547 of the Bankruptcy…

Mergers and acquisitions are often talked about together as if they are close to being the same thing, but the truth is that these are very different actions that corporations and small businesses can take. They do share some qualities — such as changes to the ownership structure — but there are also key differences….

Business bankruptcies can help a company restructure if there is potential for it to continue operating. In situations where future operations seem impossible, bankruptcy can also be a way for the company to discharge its debts as it begins the process of dissolution. Whether you hope to continue the company or need to shut it…

One of the most traumatizing things about owing money is when the debt collectors try to get their money, but you don’t have it to give to them. Bankruptcy is one option that some people opt to utilize, so they can get ahold of their finances. Filing bankruptcy puts a stop to the collection attempts…