Bankruptcy
So, you’re a creditor in a bankruptcy case. Now what?
Most people go through life with little to no interaction with the bankruptcy court system. Those that do are usually voluntary players, like individual debtors who choose to file a bankruptcy case or lenders who know that losses are part of the business. However, sometimes a small business or an individual is pulled into someone…
Read MoreUsing bankruptcy to correct mistakes made by small business owners
No one starts a business with the intention of having it stumble or fail. But mistakes happen – whether by accidental missteps or economic conditions – and not all businesses are profitable. Here are ways that bankruptcy might correct or mitigate mistakes made by small business owners: 1) Reorganizing tax debt One very common misstep…
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