Starting a business is always a risk, and sometimes it doesn't end well. Read on to find out if bankruptcy is the right move for you.


Prepping For Bankruptcy: What To Know

18 March 2019
 Categories: , Blog

Once you've made the bankruptcy decision, you should take some steps to prepare yourself. A chapter 7 bankruptcy should be considered a process made up of preparation, filing, waiting for the discharge, the discharge, and recovery. To help you get your bankruptcy off to a good start, take the below steps and be as prepared as possible before you file your paperwork. Examine Your Income  None of the prep work below will be necessary if you are unable to file a chapter 7 bankruptcy because of your income.
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Bankruptcy And Keeping Property With Reaffirmations

23 January 2019
 Categories: , Blog

While bankruptcy does provide consumers with the ability to make a fresh start, it has its negatives as well. In most cases, the potential for a loss of property keeps some people from making the bankruptcy move. It's best to know and understand the possible risks of a chapter 7 filing so that you can make an informed decision. For example, did you know that you may be able to keep your vehicle out of the bankruptcy trustee's hands if you perform a reaffirmation?
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How To Avoid The Accusation Of Bankruptcy Fraud

30 November 2018
 Categories: , Blog

Obtaining the financial relief that a chapter 7 bankruptcy can bring is far too important to allow it to be affected by the shadow of fraudulent activity. Regardless of a filer's intentions, bankruptcy fraud is a serious federal offense. Read on to learn more about how your moves before and during a bankruptcy can be interpreted as fraud and how to avoid even the suspicion of fraudulent activities with your bankruptcy.
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Post-Bankruptcy Complications And What Your Lawyer Can Do About It

17 October 2018
 Categories: , Blog

Most of the time, a bankruptcy goes off without a hitch. Your lawyer files the paperwork and sends the notices to your creditors, telling the creditors of your intent to file for bankruptcy. The creditors can choose to send a representative to request that they be excluded from the bankruptcy and demand payment in full, or they can just agree to let the debt go/be discharged. Every once in a blue moon there are post-bankruptcy hearing complications.
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About Me
is bankruptcy a smart business move?

America is supposed to be the land of opportunity. What do you do when you try to take advantage of an opportunity that ends up costing you more than what it is bringing in? Sometimes, a business that you start just doesn't work out as you had hoped. It could be that you don't have enough experience or it could be that the market goes bad. Whatever the reason for the business not doing well, you will have to think carefully about your next step. Is bankruptcy the only way to get through this difficult time without losing everything you have worked for?