16 Most Frequently Asked Questions About Bankruptcy
There are no stupid questions. You probably have very reasonable questions about how filing bankruptcy will affect you personally. Over the years, I have answered many recurring questions. Here are the 16 most frequently asked questions about bankruptcy. If I file for bankruptcy, can I keep my belongings? Yes, in most cases. For the vast […]
Business Bankruptcy: Chapter 7
If your company or business is so far in debt that it can’t continue business operations, consider business bankruptcy. Many different types of businesses can be good candidates for under Chapter 7 bankruptcy. Business Bankruptcy: Chapter 7 Chapter 7 bankruptcy for a business requires complete liquidation of assets. All business assets (if there are any) […]
Alternatives to Bankruptcy
The decision to declare bankruptcy can be a difficult one. Bankruptcy is not a one-size-fits-all solution. Here are some of the alternatives to bankruptcy: Budgeting, Debt Consolidation, and Debt Settlement. Budgeting First, try to find a way to pay your bills on your own. Only then can you calculate how long it will take to […]