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?

Filing For Bankruptcy? Two Finance Classes You’ll Have To Take

10 October 2017
 Categories:
, Blog

As you are preparing yourself to file for bankruptcy, you may think that all you need to do is get your paperwork in order and submit it. Unfortunately, there are some other requirements that you must meet for the bankruptcy to be granted. A 2005 law not only made the requirements for bankruptcy more strict, but required people who file to take classes to educate themselves about their finances. Here is what you need to know about the two classes.
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Important Things To Know About Chapter 13 Bankruptcy

7 August 2017
 Categories: , Blog

Debt has the potential to destroy a person's quality of life. This can be due to the stress of making the large payments to creditors while also facing the risk of losing possessions and damaging your credit history. Depending on the size of these debts and your earnings, you may be in an impossible situation for repaying these debts. In these situations, it may be wise to learn more about bankruptcy protections:
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Two Reasons Why Your Attorney May Recommend Delaying Filing For Bankruptcy

14 March 2017
 Categories: , Blog

When people file for bankruptcy, they're typically looking for immediate relief from their debt problems. Sometimes, though, the attorney handling the case will recommend the petitioner wait to file bankruptcy for a number of reasons. Here are two you may be presented with and why it may make sense to do as your attorney advises. You Have Assets That Need to Be Protected Possibly the top reason your attorney will advocate waiting is you have valuable assets that could be taken by the court to pay your debts.
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Student Loans And Bankruptcy 101 – What You Need To Know If Your Student Loans Are Sinking You Financially

27 January 2016
 Categories: , Articles

Attending college was a dream come true, but unfortunately your student loans have turned into a nightmare. Your salary isn't even covering your basic expenses, let alone your large student loans. You've heard that you cannot discharge your student loans in a bankruptcy, but at this point, you feel that filing either Chapter 7 or Chapter 13 is your only hope that you can recover financially.  Student Loans and Bankruptcy
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What Should You Know about Tax Planning at Age 65 and Beyond?

15 January 2016
 Categories: , Articles

If you will be celebrating your sixty-fifth year on the planet during 2016, you may be giving more and more thought to the best ways to leave some of your assets to your heirs. With tax rates, rules, and regulations in a seemingly constant state of flux, this planning can be difficult—and you may not feel you have enough assets to justify the creation of a trust. Fortunately, there are several potentially lucrative tax deductions and credits that can help you maximize your retirement savings (or even leave a bit extra to your heirs) without undertaking any additional expense.
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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?