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Small Business Bankruptcy: Separating the Business Owner from the Business Itself

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Editor’s note: This posts comes to us from Cathy Moran, California Bankruptcy Lawyer and her story offers interesting points for the Small Business owners facing bankruptcy.

Cathy’s client operated a small corporation that wholesaled a product they had custom manufactured. When she met them, their SBA lender had sued the corporation and them as individuals for over $200,000. She and her client agreed that there was no defense to the suit for the corporation ...

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What is Chapter 20 Bankruptcy?

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Guest post by Russ DeMott, Charleston Bankruptcy Lawyer

Thanks Russ DeMott for this informative post about using “Chapter 20” Bankruptcy to accomplish your financial goals.

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If you have second mortgage on your home and have already filed Chapter 7 bankruptcy, filing a Chapter 13 to strip (wipe out) your second mortgage may be a viable option. This strategy (7 followed by 13) is commonly referred to as a “Chapter ...

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The Problem with Free Advice from a Financial Advisor

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Guest post by Cathy Moran, California Bankruptcy Lawyer

Cossitt Law Editor’s Comment: Cathy has a good point here. Bankruptcy lawyers have a have a variety of tools to choose from to help debtors get a fresh start and start saving for retirement. It is imperative that you understand all your

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