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...
Chapter 11 Bankruptcy
What is an Individual Chapter 11 Bankruptcy?
It's unlikely that you will choose to file for Chapter 11 bankruptcy. Most people file for Chapter 11 only because they do not qualify for Chapter 7 or Chapter 13 bankrupcy. Chapter 11 is a more complicated chapter and therefore attorney's fees are significantly...
Protecting Yourself When Your Sole Proprietorship Closes
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...
Utilizing Chapter 11 Bankruptcy to Save Your Small Business
If you are an owner of a small business, you understand the incredible work, the sacrifices, and the emotional investment involved in making your business successful. It is part of your American dream-something of your own that you hope will be part of your legacy....
Can I File for Personal & Business Bankruptcy Simultaneously?
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...
Understanding the Different Types of Bankruptcies
Unless you have filed for bankruptcy previously or are an experienced bankruptcy attorney, you probably have many questions about the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcies, whether one would be right for your situation. Chapter 7...
Bankruptcy Options for Small Business Owners
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...
New Bankruptcy Billing Guidelines
Big law firms charging big legal fees in Chapter11 bankruptcy cases are getting some bad news this November, 2013. The United States Trustee Program (USTP) has established new guidelines for setting appropriate legal fees to be charged in larger Chapter11 cases. For...