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

2023

Why Defending Your Home Foreclosure Alone May Not Be Your Best Bet
It is quite common for many homeowners to feel that the idea of defending their home foreclosure or loan modification alone would help them save legal fees. However, what they usually do not realize is that going through the foreclosure process without legal representation can lead to dire consequences that may cost them more in the long run. Here are five reasons why you should not defend a home foreclosure alone and why it is crucial to seek legal help.

Filing For Bankruptcy? See Why You Need The Bankruptcy Attorney's Help
Filing for bankruptcy is quite devastating, but it might be the most suitable option when having unmanageable and overwhelming debts. Of course, it's a scary and intimidating process, but it might sometimes be inevitable. Chapter 7 might be a more appropriate option because it allows you to sell some assets to clear your debt. However, chapter 13 is a bit more favorable since it involves a structured repayment program that makes things easier.