It is everyone’s favorite time of year – the dreaded tax season. Did you know filing bankruptcy can have an effect on your taxes? The common beliefs are federal, state, and local income taxes are not dischargeable. This is not…
Understanding Chapter 11 Bankruptcy, the Business Bankruptcy for Property Owners
Bankruptcy is a legal financial status initiated by an individual or business that for some reason cannot repay its debts. The US Bankruptcy Code governs all bankruptcy cases in the United States. Therefore, the federal government will oversee your…
5 Tips to Restructure Your Small Business and Avoid Bankruptcy
Before considering bankruptcy, it is important to think about some ways you can restructure your business finances, hopefully avoiding bankruptcy altogether.