10 FAQs About Bankruptcy for Small Business Owners

Posted on May 28, 2020, Updated December 25, 2020Categories Business   Leave a comment on 10 FAQs About Bankruptcy for Small Business Owners

Bankruptcy is a scary word. However, bankruptcy laws were created to provide debtors and creditors with an orderly way to resolve debts. It is invoked when a debtor’s assets and revenue are insufficient to service its debt. Bankruptcy can be filed voluntarily by a debtor, or involuntarily by its creditors. In either case, bankruptcy is intended as a way to provide certainty to debtors and creditors. Creditors are given an opportunity to establish the basis of their claim to payment, … Continue reading “10 FAQs About Bankruptcy for Small Business Owners”

Everything You Need To Know About Bankruptcy Law

Posted on May 21, 2020, Updated December 25, 2020Categories Business   Leave a comment on Everything You Need To Know About Bankruptcy Law

If you or a loved one is facing unmanageable debts or foreclosure on your home, you may have considered filing for bankruptcy, but do not know much about bankruptcy law. If you are seriously considering declaring bankruptcy, you are probably extremely anxious and worried about your future. Either way, the minutiae of bankruptcy law can be complex and confusing, and you probably have many questions about the process. For many, filing for bankruptcy may seem like their only option, but … Continue reading “Everything You Need To Know About Bankruptcy Law”