Archive for 'Chapter 11'

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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Bankruptcy as a Last Resort

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In this article in the Huffington Post, writer Steve Rhode, calls bankruptcy as a last resort a “fairy tale:”

“In order to avoid bankruptcy, people will sell all their assets and limp along till they hit the wall, broke and without options. They will drain their protected retirement accounts, just to avoid bankruptcy. They will believe the sales pitch of debt relief companies and credit counselors that the widget those companies are selling is better, ...

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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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