Many individuals that own a business find that they run into financial difficulties with the business and may only have the recourse of going bankrupt. A lot of these companies are classified as a Limited Liability Company. Often a Limited Liability Company or LLC is made up with many different partners. When it comes to  … Read more

It may be that your small business has fallen into financial difficulty and you don’t see any way of rectifying this. It may be that you now need to consider small business bankruptcy. Whether this is going to be a solution or not for your particular business entity is going to depend on the circumstances.  … Read more

If you have discovered that your small business is not eligible for the chapter 7 bankruptcy relief then you will have to go for the chapter 13 bankruptcy option. This may turn out to be a better alternative for both you and the business. With a chapter 13 bankruptcy it works off of a re-payment  … Read more

Bankruptcy relief is not just available for individuals who have run into financial trouble on a personal level. Chapters 7, 13 and 11 are also applicable to business.  There is a lot that has to be considered when thinking about this for business. Not only what relief it may bring now, but what effect is  … Read more

Chapter 11 business bankruptcy is a reorganization plan for your business. It provides for the restructuring of debts and the continued operation of the business. For this reason, it is the most commonly filed type of bankruptcy for corporations and larger businesses. Where a sole proprietorship tends to be an extension of the owner’s skill  … Read more