Legal Advice for Business Bankruptcy — 49 results
Small business bankruptcy options include Chapter 7, 11, and 13, and depend on the business structure and the amount of the debt(s).
Written by attorney John Malaise, almost 3 years ago.
This summer, while several businesses filed for bankruptcy in Texas, some bankruptcies drew more attention than others. Three noteworthy bankruptcy filings in particular included:
Written by attorney Jerry Lowe, over 3 years ago.
Many small businessowners are feeling financial pressure in todays current economy. Not only is it stressful to have a struggling business, it is commonly compounded by the fact that many... more
Written by attorney John Rogers, over 3 years ago.
An excellent article from the website JD Supra about Small Business Bankruptcy and debts.
It is very important to always give complete information to your bankruptcy attorney about who is... more
Written by attorney Gerard O'Brien, about 1 year ago.
A Brief discussion of the law, its short comings and the malice with which it was written The micro business The micro business is what used to be called a mom and pop business. Now it isn'... more
Written by attorney John N Skiba, almost 5 years ago.
It is quite common for those who have taken the plunge and opened their own business to end up in bankruptcy. In fact, if you think about it, without bankruptcy laws, how many entrepreneurs... more
Written by attorney Elissa Westbrook-Smith, over 2 years ago.
The two most common types of debt in a bankruptcy filing are secured and unsecured debt. Generally, credit card debt is unsecured and eligible for discharge. However, some credit card debt... more
Written by attorney John N Skiba, over 4 years ago.
Many dream of the day when they can start their own business. Unfortunately for some once the dream finally happens it ends all too soon. I am seeing many businesses that were quite... more
Written by attorney Patricia Williams, almost 2 years ago.
By Attorneys Jeff Patty Williams
If you have a Corporation or an LLC, there is no personal liability for any of the debts unless you signed a personal guarantee. But if do not have a... more
Written by attorney Jefferson Mabrito, about 3 years ago.
A small business owner recently contacted me about the possibility of discharging his business debts in a personal Chapter 7 bankruptcy filing. He was worried about whether his business... more
Written by attorney Kevin Cortright, about 5 years ago.
Chapter 7 bankruptcy is the most common type of bankruptcy. It is also known as "liquidation" in the Bankruptcy Code and is often referred to as "straight" bankruptcy.