When a business owner is having trouble making loan payments even after adjusting business economics as much as possible, it may seem like foreclosure is the only option with bankruptcy not far behind.But savvy business owners know they can pursue one last option...
Month: March 2019
What collection options are open to creditors?
What can you do when a customer fails to pay his debts? There are two basic scenarios – go to the courts, or don’t go to the courts.There are several options if you choose to avoid court action. The most basic is to contact the debtor and work out a...
How Bankruptcy May Help You Keep Your Home
At times when people come to see us, they are often in danger of losing their homes. In many of those situations, however, we may be able to help them keep their homes through bankruptcy, or other legal options that may be available. Where a person has a regular form...
When is a Chapter 7 bankruptcy right for your business?
When your business bank account is light and credit collectors are knocking at your door, it might be a good time to consider bankruptcy. If your business has no real financial future, Chapter 7 bankruptcy might be right for you.A Chapter 7 bankruptcy allows for an...
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