Archive for 'Business'

Bankruptcy Options for Small Business Owners

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First things first, bankruptcy may NOT be your best option. Bankruptcy lawyers have lots of tools to choose from to help distressed business owners get rid of debt and save their businesses. Small businesses face a broader set of considerations that must be weighted carefully before filing for bankruptcy. The best solution depends on how your business is structured, the amount of assets and debts it has, your specific goals and ...

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How To Value A Small Business In Bankruptcy

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Post by Cathy Moran, Esq., Bankruptcymastery.com

What’s it worth?

Another round of bankruptcy newbie questions suggests it’s time to review small business valuation questions.

Our hypothetical debtor supports his family working in an incorporated business that he wants to continue operating.  He is the only shareholder.

The scenario that prompted this post had the debtor reporting to his lawyer that the business was worth $100,000. That’s well beyond the available exemptions and, in ...

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Choosing a Bankruptcy Lawyer

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To minimize the stress associated with filing bankruptcy, it is important to pick a lawyer that has the experience and expertise to advise you and guide you through the process.  A true professional will:

  • act in your best interest
  • give you undivided loyalty
  • will be able to make the process as painless as possible

Heed the saying: “You think hiring an expert is expensive, try hiring an amateur.” Do not base your decision on price alone. It ...

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