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You likely already know that bankruptcy is available for both individuals and businesses. However, can you differentiate between these two processes of eliminating debt? The obvious difference is that when a person files for bankruptcy, that is personal bankruptcy and...

When businesses face financial hardships, bankruptcy often emerges as a viable option to either restructure debts or close a company in an orderly way. This is true for businesses of all types, including trucking companies, agricultural enterprises and others....

Businesses, just like individuals, can go through times of financial hardship. Maybe you run a residential real estate rental company and have non-paying tenants who have left you behind on your bills. Perhaps you ran into some issues with a supplier and had to close...

A business struggling with more obligations and liabilities than income may have to get creative in its attempts to regain control over company finances. Business bankruptcy, such as Chapter 11 proceedings to help restructure or reorganize the company, can be a...

A bad real estate investment is one that isn’t helping your business in any way. Some may say that it bleeds money, costing you much more than you’ll ever see in returns. It is frustrating to deal with a bad investment property, especially if you can’t easily sell it...

Whether you own the business, serve as an executive or an accountant, or have recently gotten hired to help address dismal financial prospects, watching a previously successful business struggle with financial insolvency is hard. Thankfully, there are multiple options...

Real estate investing can be a path to financial freedom and passive income for many people. After all, there is always demand for housing. However, as with any investments, real estate purchases are largely speculative, which means that circumstances can change in...