For Business Bankruptcy law certificate holders, “Board Certified – Business Bankruptcy Law – American Board of Certification” and for Creditors’ Rights law certificate holders, “Board Certified – Creditors’ Rights Law – American Board of Certification.”
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Consumers often use Chapter 7 or Chapter 13 bankruptcy to seek debt relief, but small business owners have another option. They can use Chapter 11 bankruptcy to help their company minimize financial pressures, overcome debt and work toward long-term success. An...
Both businesses and individual investors tend to rely on long-term market trends when making financial choices. For example, many parties invest in real estate as a means of hedging risk and turning capital into a long-term source of financial gain. Many businesses,...
Executives and business owners have to take responsibility for how a business performs, and sometimes they have to make very difficult decisions. The choice to file for business bankruptcy could lead to a company's closure or to massive overhauls during the...
Having control over operational costs is crucial for the financial success of a company. It can be prohibitively difficult to ensure that a company can profit off of transactions unless it can control its basic expenses. Many business expenses are recurring costs that...
People often say that there is great money in the commercial transportation industry because they hear about the salaries that semi-truck drivers command or learn about how much of the domestic economy depends on over-land transportation. In reality, many...
The primary purpose of having a business is usually to generate profit. Unfortunately, it can be a serious challenge to open a business or keep a company solvent as the market changes. In recent months, for example, inflation has certainly put the pinch on numerous...
Business owners who experience a large uptick in operating costs or a sudden drop in revenue may have to make difficult decisions. Oftentimes, reducing their workforce and possibly even the number of locations that the company operates may be necessary if the...
Realizing that your business is experiencing financial difficulties isn’t easy. Your focus will quickly shift to determining what you can do to get things back on track. Most business owners don’t want to have to close their company, so researching and executing...
There are numerous types of bankruptcy available to those who run businesses, such as family farms. Organizations can pursue multiple different types of bankruptcy depending on their current circumstances and what they hope to achieve via a bankruptcy filing. Family...
When big businesses have to file for bankruptcy, the court proceedings might make the national news. Local business bankruptcies can also draw media attention at the regional level, especially when a bankruptcy might result in layoffs. As the owner or financial...
