Posts Tagged 'financial help'

Can Bankruptcy Help Seniors Protect their Assets?

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This article in the New York Times is another reminder that financial distress is a form of cancer — and the sooner one gets diagnosed, develops and implements a sound treatment plan and addresses the issue, the better the outcome. The stigma associated with bankruptcy prevents many people from filing and this will only make the problem worse.

“Bankruptcy was a chance to hit the financial reset button,” according to the 65 year ...

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Small Buiness Bankruptcy and the 5 Stages of Grief

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Financial problems are stressful in many ways, no doubt about it. And the stress can take a severe emotional toll on you and your family. Small business owners are highly emotionally invested in their businesses. When the business fails, it can have a deep impact on more than your bank account. Bankruptcy offers a clean break and a chance to start over — financially. Dealing with the psychological fallout of bankruptcy also takes time and is its own complex process.

I’ve ...

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Tips for Keeping Your Small Business out of Bankruptcy

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There is no magic formula for keeping your small business out of bankruptcy. In fact, small business fail at an average rate of as much as 44% by their third year of business. The primary reason for failure is incompetence.*  Specifically, the incompetence can be attributed to the business being “too big for its britches,” non-payment of taxes, lack of planning, no knowledge of proper pricing, no knowledge in ...

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