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.

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bankruptcy for failing businesses

2022

Good Reasons For Getting A Bankruptcy Attorney
If you have fallen so far behind in your bills that you have a hard time seeing the end of the tunnel, then you may want to file for bankruptcy. Bankruptcy can help you to get out from under all those bills that are causing you so much stress. It can also put an end to the stressful phone calls and harassing letters you are likely getting from bill collectors. While you can file bankruptcy yourself, you would likely be much better off getting a bankruptcy attorney.

5 Things To Know When Filing Bankruptcy On Co-Signed Debt
Are you considering bankruptcy but have debts shared with co-signers? If so, one of the most important questions to answer is how your co-signer will be affected and how you might be able to fully protect them. To help you understand everyone's risk and options, here are a few key things to know about co-signed debts in bankruptcy. 1. Co-Signers Don't Get Discharges The first — and possibly the most important — thing to know is that co-signers don't receive a discharge on the debt even if you do.