Signs That You Need To Consider Filing Chapter 7 Bankruptcy

In the past year, people around the world have felt the financial crunch of living through a global pandemic. In the United States, over 522,000 people filed for bankruptcy in 2020. Many of these people dealt with years of financial problems before making a decision to file for bankruptcy. If you are struggling to keep … Continued

Federal Employees – Government Shutdown

If you are one of the almost one million federal employees furloughed or forced to work without pay during the government shutdown, you are likely suffering financial hardship.

Getting a Small Business Loan After Bankruptcy

Last week, we discussed starting a new small business after bankruptcy. This week, we will look at getting a small business loan to help get that business up and running again after filing for bankruptcy. While a personal bankruptcy will remain on your credit report for seven to 10 years, making it more difficult to … Continued

Moving On: Starting a New Business After Filing for Bankruptcy

We’ve been looking at bankruptcy choices for your small business in the past few weeks. Today, let’s take a look at business life after bankruptcy. Nothing keeps you from starting a new business after bankruptcy. You might be able to apply the lessons learned from your prior financial problems to the new business. If you … Continued

Chapter 13 Bankruptcy for Small Business Owners

Last week, we discussed Chapter 7 bankruptcy for small businesses that are going out of business. However, filing for Chapter 13 bankruptcy could help you reorganize debt and save your business. How Does Chapter 13 Bankruptcy Work? A Chapter 13 bankruptcy allows you to keep your assets while reorganizing and paying off all or a … Continued

Chapter 7 Bankruptcy for Small Business Owners

Last week, we did an overview of Chapter 7 and Chapter 13 bankruptcy for small business. This week we will take a closer, more in-depth look at the Chapter 7 option. For a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or help you liquidate it. A personal Chapter … Continued