About Me

bankruptcy for failing businesses

My wife and I made the decision to open a residential cleaning business. We needed enough money to get the equipment, do a bit of advertising and get the licensing and insurance to protect ourselves and our customers. For about two years, things went very well, but then, things took a terrible spin for the worst after we hired a few employees to help us with the workload. Since then, we have gone bankrupt and have gone back to working full time jobs. If you are struggling with your business and considering bankruptcy, this blog can give you some answers to the many questions that you have.

Archive

bankruptcy for failing businesses

2015

3 Ways Income Affects A Chapter 13 Bankruptcy
Chapter 13 bankruptcy offers several benefits over Chapter 7 bankruptcy, which is why many people use it to regain control of their finances. Among the benefits, one major one is the ability to keep the assets you own, including your house. The downside to this is that your income can affect your case, and here are three main effects your income can have on your Chapter 13 bankruptcy. Your Ability To File

How Do Social Security Disability Payments Factor Into A Chapter 13 Bankruptcy?
Filing for chapter 13 bankruptcy is a good way to get your finances back on track, because this type of bankruptcy focuses on helping you pay off your bills while also protecting you from creditor harassment. Since Social Security disability payments are typically protected from seizure in chapter 7 bankruptcy by federal and bankruptcy laws, you may be wondering what the court does with this money in a chapter 13 case.

3 Important Questions (And Answers) About Engaging A Tax Attorney
In a perfect world, your taxes would automatically sort themselves out to the government's satisfaction -- but unfortunately, real-life challenges, errors and misunderstandings often get in the way. If your tax situation is causing you sleepless nights and anxiety-ridden days, you may be wondering whether a tax attorney might be just what the doctor (or accountant) ordered. But what do tax attorneys do, exactly, and how do you know whether they can help in your specific case?