small business bankruptcy Tag

Debt collection can be an uncomfortable topic for many small business owners.  Very few people get into business to pursue debt.  There are many ways to approach debt collection and almost all of them require some level of finesse.  If you are having issues collecting receivables, keep your cool. Do Not Take It Personally Too often, small business owners get upset right away when a client...

Starting a business is an exciting and wonderful prospect for so many individuals.  It is risky, but the reward can be more than worth it.  That being said, if you do not know the legal implications of your actions as a business owner and operator, you may be shooting yourself in the foot right out of the gate.  Read on to learn more about some basic laws pertaining to businesses....

There are many reasons a business looks at bankruptcy as an option.  Competition, economic climate, lawsuits, and many more situations can create an unsustainable environment.  Believe it or not, some businesses cannot afford to declare bankruptcy so they just close.  The new bankruptcy bill was inevitable.  Support for small businesses similar to that of chapters 12 and 13 is long overdue....

Even though most all bankruptcy cases are filed by individuals or families, a business can also seek the protections offered by the bankruptcy laws. When a business is struggling to pay its vendors or to make payroll, it may be time for a reorganization. Business bankruptcy can be beneficial to a small business because it offers some breathing room and a chance to get back on track. The Small...