Over Three Decades Of Compassionate Legal Services For Individuals And Businesses Seeking Effective Financial Solutions
Many people are in great need of a relief from their debts and want to find a way to get a fresh start from their finances. Many of these people usually consider bankruptcy as a last resort, perhaps thinking of it as a curse or a heavy burden. It is important to...
If you file for bankruptcy, you’ll lose all of your valuable possessions. If you file for bankruptcy, you are considered a failure. If you file for bankruptcy, your financial future will be ruined. These are just three of the many misconceptions about bankruptcy....
The last year hasn't gone as well as you'd hoped, financially speaking, and you've decided to file for bankruptcy. However, you're still hoping that you'll at least get a nice tax return when you file. Are you still eligible for the return if you're working your way...
If you are the owner of a small business and want a fresh start from your debts, then you have many options open to you. It is important to remember that by filing for bankruptcy, you are not admitting defeat, but instead taking action to strategically move forward....
Running a farm is difficult business, and times are changing quickly. It is unfortunate that hard working farmers are subject to swiftly changing consumer demand, and it can be impossible to change supply and business models as quickly as the market changes...
Chapter 11 bankruptcies are excellent tools available to both small business debtors and other consumer debtors. They offer relief from unmanageable debt to those who qualify. However, the procedure does not treat all groups of debtors equally, and offers a number of...
Bankruptcy has always been a mixed blessing for farms and ag product companies. On the one hand, Chapter 12 buys relief from creditors, and lets farmers catch their breath and reschedule debt repayment without having to sell critical machinery and equipment. On the...
Filing for a Chapter 11 bankruptcy can be a long process. It involves multiple hearings in order to finalize the reorganization of your business and debts. Below is a brief summary of the main steps. Gathering your documents: Compile a list of all your company’s...
Chapter 12 bankruptcy was enacted in the 1980s as a response to an ailing farming industry. It shares some similarities with Chapter 13, but it also accounts for farming’s seasonal nature and thus offers more flexibility with payments. Less complex than its Chapter 11...
The last few years has seen scores of familiar names look to bankruptcy protection: Howard Johnson, Fox & Hound, ChiChi’s, Steak & Ale, Macaroni Grill, Sbarro's, Old Country Buffet to name a few. Even McDonald’s, the king of the restaurant industry, is...