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Many small business owners get the financing they need to start their businesses through personal loans, personal guarantees and credit card debt. As a result, many small business owners have to manage large amounts of debt. As a business owner struggling with debt...
As a result of COVID-19, difficulty in hiring, and other economic factors, many small businesses have closed. There are even more businesses that can’t meet ongoing expenses and are taking on more debt to try to stay open. The hard question a struggling small...
Small business owners put their heart and soul into starting and maintaining their small businesses. The COVID-19 pandemic has had a significant and unfortunate impact on many small businesses. If your small business is struggling with debt, filing a bankruptcy might...
Businesses experiencing financial difficulties have long been permitted to seek the protection of Chapter 11 of the Bankruptcy Code to attempt to reorganize their debt. Unfortunately, as many of those businesses find out, a Chapter 11 restructuring normally proves to...
Your small business represents the culmination of hard work, innovation, and your hopes for a bright future. Unfortunately, taking this risk to make it on your own can come with hiccups. In fact, many small business owners find themselves struggling with debt as part...
Although we all know that dealing with money and numbers are supposed to be a logical, black and white process, sans emotion, few of us can act that way-whether we have lots of cash, or a dwindling supply. Financial success can lead us to feeling euphoric, while...
Most shoppers enjoy a sense of comfort in knowing that when they go to a retail center they are likely to see some of the stores that have been there since they were kids. Stores such as Radio Shack or Payless ShoeSource are perfect examples. But today, if you are...
If your small business is struggling with debt, filing for bankruptcy might be a good choice. Small business owners have several options available to help eliminate debt. The best option is to consult an attorney to discuss all the alternatives available based on your...
If you are a business owner who is drowning in debt, it may be time to consider filing a business bankruptcy. Depending upon the financial situation your company is facing, you may want to reorganize or liquidate the business. If you are a sole proprietor or you have...
If you are a business owner struggling with debt, you should consider consulting with an experienced bankruptcy attorney to explore your debt relief options. The attorneys at Levitt & Slafkes can review your individual circumstances and help you understand the...