If your sole proprietorship is mired in debt and you’re considering bankruptcy, you have a choice regarding what type to file. Unlike corporations and other types of businesses, you have the option to file Chapter 7 or 13, which are most commonly used by individuals,...
Month: January 2021
Month: January 2021
How many people file for bankruptcy every year?
If you are considering filing for bankruptcy, you may feel like you’re the only person facing these serious financial challenges. That couldn’t be further from the truth. In reality, hundreds of thousands of people and businesses file for bankruptcy every year. You...
Protecting your business from staff claims while reorganizing
When your business encounters a financial hardship, sometimes drastic action is necessary to save the business. Choosing to file Chapter 11 bankruptcy to reorganize your business and address its debts could help keep the company itself operational despite its current...