is bankruptcy a smart business move?

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.

is bankruptcy a smart business move?

Which Is Better For You: Debt Consolidation Or Chapter 13 Bankruptcy?

15 March 2021
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Debt consolidation and Chapter 13 bankruptcy provide a way out of debt through a repayment plan. When you experience a hardship in your finances, where should you turn for relief? You can turn to a bankruptcy lawyer, as these attorneys help with debt consolidation and bankruptcy. When you meet with an attorney, they will help you determine which option is right for you by working through some factors about each choice.
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What Will You Need For A Chapter 13 Repayment Plan?

2 July 2020
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The repayment structure that is the most distinguishing feature of Chapter 13 bankruptcy is often referred to as a wage earner's plan. Under Chapter 13 bankruptcy law, individuals and couples who have the necessary resources to make payments, usually at reduced amounts, can ask the court to grant relief. If the court accepts the petitioner's request, the judge will ask them to produce a repayment plan that must fit within a timeframe of between three and five years.
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Tips For Filing Chapter 7 Bankruptcy

15 July 2019
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If you find yourself having financial problems, sometimes it is easier to get some form of relief rather than trying to gut it out and potentially digging yourself into a bigger hole. In this regard, one of the major ways to find relief from financial problems is by filing for bankruptcy. Chapter 7 bankruptcy is one of the most common ways to file, and it can help you out no matter how much of a hole you are in.
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Prepping For Bankruptcy: What To Know

18 March 2019
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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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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?