When your business has higher operating expenses than revenue, you may eventually have to make a difficult decision. Filing for bankruptcy can be an opportunity to reorganize the business or restructure your debt. It could also help protect you from future creditor...
Business Bankruptcy
Protecting yourself when you decide to close your business
When you created your LLC, you likely did so in the hope of protecting yourself from personal and financial liability related to your business operations. Provided that you avoid commingling and other major mistakes or misdeeds, the incorporation of your business...
My business is losing money fast — what can I do?
As a business owner, your business will feel to some extent like your child. You built it from scratch, and you have invested your time, money and soul into it. To see it struggling can be heartbreaking and very worrying. If you have a business that has been...
Chapter 7 bankruptcy for business is an option when you close your doors
As a small business owner, you wanted your business to succeed. However, with the dip in the economy and changes in how you had to run your business, there doesn’t seem to be a way to move forward. If you’re ready to shut your doors for good and to get your finances...
How Chapter 7 bankruptcy helps when you close your business
Businesses fail for all kinds of reasons. Maybe you had a supplier who retired or went out of business, and you can no longer source crucial materials for a product that you make. Perhaps demand for the services your company provides has declined as the industry has...