Blog - Month: January 2021

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, as well as Chapter 11. Because the assets of the…

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 probably know numerous people who have. It just feels like you’re the only…

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 financial issues. Business bankruptcy filings often come with an obligation to liquidate certain assets and reduce business…