It was a business without a plan. Even Ben Franklin knew that was a bad idea. As he is often quoted,—especially in business classes—“If you fail to plan, you are planning to fail.” Three years after starting an Atlanta coffee shop with aspirations of...
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Year: 2017
How to get through bankruptcy without losing your car
When a person decides to file for individual bankruptcy, he or she will have very personal preferences when it comes to what sacrifices he or she is willing to make in order to get a fresh start from his or her debts. For many people, the line is drawn at the selling...
Getting a new financial start with Chapter 13 bankruptcy
Does it feel as though the weight of your debts is crushing you? If so, you probably wonder if bankruptcy is the right decision. While it's not the right decision for everyone, many people have found financial freedom from filing for bankruptcy. For individuals, there...
Farm diversification is a great supplement to bankruptcy
Many farms have been struggling with profitability for years. The U.S. Department of Agriculture's (USDA) predictions of profit have been overly optimistic to say the least. When the price is falling on key farming staples such as milk and hogs, farms often have no...
When should businesses file for Chapter 11 bankruptcy?
There are many instances when businesses become in dire need of a fresh financial start. Debts can become a vicious cycle of repayments and inability to meet those repayments, ultimately incurring further costs. If you are the owner of a small business, you may want...
What to expect after filing for Chapter 13 bankruptcy
The first step in getting a fresh start from your financial struggles is by choosing the right bankruptcy chapter to file with, and taking action by committing to bankruptcy. But how do you know what chapter to file with if you don't know how the reality of life will...
New bill provides tax relief for bankrupt farmers
Running a farm in the twenty-first century is no easy task. The financial burden is frequently too heavy for many farmers, sometimes even leading to bankruptcy. Fortunately, a newly enacted bipartisan law has recently been signed into law to provide tax relief to...
Navigating bankruptcy as a Florida farmer
It's becoming increasingly common for farmers to face financial hardships within their current revenue stream. Credit is becoming more difficult to find and animal produce is harder now than ever to gain profitable returns from. Therefore, many farmers in Florida and...
Halting debt collection harassment through bankruptcy
One of the most stressful aspects of financial hardships is the reality of having to deal with constant harassment with debt collection agencies. Although it is an illegal practice, and there are many protections in place for victims of debt collection harassment, it...
Business bankruptcy: considering Chapter 11
If a business is going through hard financial times, the most important thing is to find a way to get the debts repaid, while at the same time maintaining and growing the current business streams. This can be a hard act to juggle, and there are many possible...