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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…

Making the difficult decision to file a chapter 7 or chapter 13 bankruptcy is the first of many steps you will take in overcoming your debt. The things you do next can make your journey through the bankruptcy process easier. We hope you already understand the many benefits legal guidance offers when seeking a chapter 7 or…

As a Texas business owner, you might feel the local appraisal board is trying to charge you too much tax on your commercial property — and you could be right. Thankfully the law provides you with a straightforward way to appeal. Property values change regularly This year, many properties will have gone down in price….

A Chapter 11 bankruptcy can be complex. You may want to keep your business open and to retain as many of your employees as possible, but that does require finding ways to reduce your debts and renegotiate the way you do business. Your business comes first, and if you want to keep it open, restructuring…

If your company is struggling to make ends meet, you may be considering bankruptcy. It feels like all you can do to keep up with payroll, much less pay off what you owe. However, without going deeper into debt, you can’t get the materials you need to keep the business going. Eventually, you settle on…

If your business has been struggling to stay solvent and you’ve seen a decline in business, then it may be time to look at restructuring your debts. A Chapter 11 bankruptcy can help you get your finances back in order and renegotiate debts and contracts to help your business be more profitable. A Chapter 11 bankruptcy is…

Merging two existing businesses or two offices or departments of an existing company can make your operations more efficient and reduce your business’s expenses. However, a big part of reducing those costs usually stems from eliminating redundant positions and either changing people’s work responsibilities or eliminating the excess positions. Needing to eliminate a number of…

If you don’t think that it is financially viable to keep running your business, it’s important to consider all of your options. The first one you think of may be bankruptcy, such as using Chapter 11 or Chapter 13 to restructure or reorganize your finances to keep the business afloat. It is possible, in many…

If your finances are a wreck and you qualify for Chapter 7 bankruptcy, it never hurts to learn more about the process and how it will benefit you. As you become familiar with the benefits, you may soon realize that a Chapter 7 bankruptcy is the best way to reset your finances with an eye…