Archive for 'Business'

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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Can I Keep My Small Business When I File Bankruptcy?

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For small business owners facing bankruptcy, the unknowns can cause a gut wrenching amount of stress. They wonder what is going to happen to the business they’ve worked hard to build, not to mention their livelihood, after they declare bankruptcy. As a small business owner myself, I certainly understand how much of your heart and soul goes into building and running a small business.

Whether you continue to operate ...

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